To help you with your best fintech lending solution we’ve collated a few of our most recent smartest, fastest, time-critical growth stories. From working capital to asset finance, here’s a snapshot of the great deals we’ve had going on to help growing Australian businesses move forward.

Hospitality

Hospitality and working capital working hand in hand

Banjo's Working Capital allowed an established hospitality enterprise in the Accommodation and Food Services industry to fuel its growth ambitions. With a 23-year track record and multiple venues, the client relied on a swift $1 million loan with an 18th month term, reaching approval within 7 days.

This funding ensured smooth cash flow during a new venue acquisition and expansion plans, allowing the business to concentrate on generating revenue and servicing their expansion initiatives.

This loan at a glance:

Industry
Accommodation & Food Services

Loan Amount
$1M

Time in Business
23 years

Structure
Trust

Annual Turnover
$62M

Total Deal Time
7 days

 

Technology

Sizing up with cyber security

A well-established cyber security firm needed financial assistance in the form of a Working Capital loan from Banjo to help them trade through a rocky quarter.

Receiving approval within 24 hours, they obtained an express loan of $250,000, which was the make-or-break moment for their business survival and profitability moving forward. 

This loan at a glance:

Industry
Information Technology

Loan Amount
$250,000

Time in Business
20 years

Structure
Company

Annual Turnover
$20M

Total Deal Time
Loan Funded within 24 hours
of approval

All systems go with working capital

This dynamic business combines bespoke hospitality tech solutions with over a decade of experience, catering to pub groups, clubs, and restaurants. With an impressive annual turnover of $30 million and a continuous growth trajectory, they needed a substantial boost.

Banjo stepped in, swiftly providing a $2 million loan across two entities. This allowed the business to enhance software capabilities and fund additional operations, fuelling their growth plans. In a short 13-day total deal time, Banjo's expertise in complex transactions proved invaluable, propelling the business to new heights.

“Banjo is unique, we were able to provide $2m unsecured in such a short time frame. For another lender it could take several weeks if not months to complete the same complex transaction.”
 — Andy Walker, Senior Business Development Manager, NSW

This loan at a glance:

Industry
Hospitality Tech

Loan Amount
$2M across 2 entities

Time in Business
7 Years

Structure
Company

Annual Turnover
$30M

Total Deal Time
13 Days

 

Retail Trade

Moving forward at a greater rate of knots

With plans to expand their maintenance operations and footprint in NSW, the luxury boat retailer required funds for fit-outs, staff recruitment, and purchasing stock.

Through in-depth discussions and understanding of the business model, Banjo swiftly approved an 18-month, $1 million Working Capital loan. Within 7 days, the partnership was solidified, enabling the company to move forward and achieve their growth goals. 

This loan at a glance:

Industry
Retail Trade -
Marine Equipment

Loan Amount
$1M

Time in Business
13 months

Structure
Company

Annual Turnover
$15M

Total Deal Time
7 Days

Working capital to power offshore growth

As a pandemic pivot, a local leading Australian swimwear design company turned their attention to the US market and took out a Working Capital loan with Banjo to bring their dream to life.

Banjo took the time to understand the business and key financial information, including forward orders.

The $700,000 loan enabled the business to manage rapid growth by moving to a bigger warehouse, purchasing more inventory, and executing a marketing strategy, which helped their offshore venture to become an outstanding success.

This loan at a glance:

Industry
E-Commerce - Swimwear

Loan Amount
$700,000

Time in Business
5 years

Structure
Company

Annual Turnover
$12M

Total Deal Time
10 Days

 

Wholesale

Furnishing the future faster

Operating for 3 years, this quality furniture wholesaler sells a range of furnishings to both direct clients and wholesale customers. With ambitious growth goals and a shift in ownership to buy out minority shareholders, the business sought a tailored lending solution to implement its plan.

Banjo provided a customised 24-month Working Capital loan of $500,000. With a quick turnaround time of just 3 days, the client successfully met the deadline, acquiring 100% of the shares. Banjo's fast and flexible support propelled their growth, furnishing their future with confidence.

This loan at a glance:

Industry
Furniture Wholesaler

Loan Amount
$500,000

Time in Business
3 Years

Structure
Company under a trust

Annual Turnover
$3M

Total Deal Time
3 Days

 

Pharmaceutical

Working Capital, the prescription for success

Specialising in compounded medications, this dedicated business has been assisting people's health and well-being for 6 years. With an annual turnover of $16 million, they were ready to purchase a new practice.

Banjo took the time to understand their business and expansion plans. Recognising the urgency, Banjo approved a $300,000 Working Capital loan, ensuring healthy cash flow and facilitating their expansion. Funding was provided within an impressive 5 days, showcasing Banjo's commitment to supporting SME business growth.

This loan at a glance:

Industry
Pharmaceutical

Loan Amount
$300,000

Time in Business
 6 Years

Structure
Company

Annual Turnover
$16M

Total Deal Time
 5 Days

Considering the right business lender to move business plans forward?

Banjo helps growing Australian SMEs to progress their business plans. Our unique range of tailored lending options is designed to match today's working capital and asset finance needs and can be tailored to fit ongoing plans. Banjo makes it easy, either apply online or speak to a lending specialist to discuss your time-critical requirements.

 

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^ This calculator provides an indication of typical average fixed fee (or interest expense) costs and repayments for working capital loans (but not other types of loans such as Banjo Express or Asset Finance). The actual fixed fee (or interest expense) and repayments will vary based on your individual circumstances. Fees and terms and conditions apply (including an origination fee on each advance of 1.5% for 6 months, 2.25% for 12 months, 2.5% for 18 months, 2.75% for 24 months or 3.00% for 36 months). The repayments set out above are inclusive of fixed fee (or interest expense). Fixed fee (or interest expense) accrues upfront and is paid in instalments.