Our Sucess Stories
Debtor Finance Facility
Client : Leading Telecom Firm
Our Services : Ultra Finance organised alternative Debtor Discount Facility for $1.5M, after clients were informed by the bank to transfer their facility.
Our Advantage : Client was charged lower fees and interest rates than the previous facility. The company also gained massive profits as a result of better facility
Debtor / Supply chain Finance Facility
Client : Reputed Petrol Wholesaler
Our Services : Ultra Finance organised supply chain funding for purchase of Raw Material and Debtor Finance facility for credit terms. Client needed funds for purchase of supplies on cash basis, followed by supply to debtor on terms of 30 days.
Our Advantage : Funds available in record time as per credit terms.
Client : Leading firm
Our Services : G&G organised a $1.2m facility for purchase of telecom equipment on rental basis
Our Advantage : Rental payments were fully tax deductable.
Supply Chain Funding
Client : Cloth Importer
Our Services : Ultra Finance organised $2.5m in supply chain / debtor finance for client to import children's clothing and distribute it to major retailers in Australia.
Our Advantage : The client had a Total Facility for $1.5 secured by assets. We were able to organise a $2.5 facility for the Customer.
Unsecured Business Loan
Client : Scrap Metal Dealer
Our Services : Ultra Finance organised alternative unsecured business loan facility for $150,000.
Our Advantage : Client was charged lower fees and interest rates than the previous facility. Funds were received on the same day of signing the agreement.
Client : A rapidly growing /upcoming manufacturer
Our Services : Client sought to raise funds to manage his cashflow due to increase in business commitments. We were able to facilitate a caveat loan from one of more than 250 lenders on our panel. Amount: $150,000 LVR: 60% Interest rate: 2% per month Term: 6 months
Our Advantage : The deal was settled in 5 working days.
First mortgage loan for credit impairment
Client : Petrol Station Owner
Our Services : Our client a petrol station owner was struggling to meet the commitment for purchase of the investment property (purchased a year ago) due to a default noted on his credit file. We were able to facilitate finance for a low doc loan for credit impairment from one of more than 250 lenders on our panel. Amount: $611,960 LVR: 80% Interest rate: 7.99%p.a. Term: 30 year
Our Advantage : Deal settled in 4 weeks.
First Mortgage Arranged through Private Lender
Client : Fast Expanding Petrol Station Owner/Manager
Our Services : Our client, a company owning Petrol Stations intended to raise funds on a short term basis to purchase a new petrol station business. With limited financial data, he was willing to offer a first mortgage over property, which was not earning income. As settlement date for the business purchase was less than a week away we sourced a private lender to provide a loan with little current financial information and none on future cash flow, against a first mortgage. Amount: $205,000; LVR: 75%; Interest Rate 9%; Term 9 months.
Our Advantage : 7 day settlement of deal less than fully acceptable to institutional lenders.
Loan within Self Managed Super Fund (SMSF)
Client : Self Managed Super Fund (SMSF)
Our Services : Our client, an SMSF, intended to purchase a property within the SMSF. Client decided on a property, and we sought and obtained approval on a loan with one of our network of Lenders to SMSFs. Subsequently, there was a change in property - with the new property having a higher purchase price and lower rental than the first. We negotiated both new circumstances with the same lender and succeeded in obtaining approval for the new higher priced and lower income producing property, with minimal adjustments in rate. Amount: $680,000; LVR: 74.3%; Interest Rate 6.44%; Term 30 years.
Our Advantage : Successful negotiation with lender through material changes in the proposal and Risk Profile.