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:
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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:
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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.
— Andy Walker, Senior Business Development Manager, NSW
This loan at a glance:
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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:
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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:
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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:
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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:
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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.