Here are some examples of how Finance helped some small business during February

$150k for 2 work trucks for a solar panel retailer

The client had been trading since 2017 selling solar panels & infrastructure to residences & businesses. The company had maintained growth through COVID and was delivering 70 installations a month with $80k/m revenue. To hit their growth forecasts to double their volume by the end of 2023 they needed two additional vehicles. They were looking to purchase two 2020 Hilux’s for $80k and $70k each. The borrower was carrying $130k ATO debt and was renting, but owned property and had good revenue. Using the business assets as security Valiant were able to fund the purchases through a 7 year loan with a non-bank lender.

$30k of working capital for a hairdresser

Business was looking to renovate their hair salon but they didn’t have the cashflow to fund a $60k refit. Business was owned by the manager & her two parents, had no ATO debt or loans, employed 3 FTE and 2 part-time staff, and was taking $80k a month in revenue. Valiant used the regular cashflow to secure a $30k working capital loan with a 2 year term.

$132k for a near-new excavator

The client worked in earthmoving and had secured a contract that was to bring in $3100 a week plus extra. But they needed an excavator to be able to deliver. The client found a near-new JCB 21 ton excavator for $50k ex GST as a private sale, and had $33k available as deposit. The business had been trading for 5 years, had a turnover of $6k a month and the owner was renting without any owned properties and had a $2k loan outstanding. Using his car as security Valiant secured a loan to be repaid over a 3 year term, allowing the client to secure the contract.

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