At Co-Pilot Finance & Insurance, our commercial lending team is dedicated to supporting clients in achieving their business goals.
Case Overview
Recently, we assisted a client who was starting a new retail venture by providing financial aid to secure a crucial asset for their business.
Client Background and Initial Requirement: The client aimed to launch a homemade doughnut business, operating from a food trailer. To commence operations, they needed a secured commercial loan for the food trailer.
Dealing with Financial Barriers: Securing finance for a new venture often presents challenges, particularly when there is no established track record of success. Our team delved into the client’s background to uncover relevant experience:
Industry Experience Consideration: Through detailed discussions, we discovered that the client had two years of prior retail experience in the doughnut industry (PAYG). This allowed us to position the deal as one backed by industry experience rather than a completely new venture.
Efficient Financing Outcome
By leveraging the client’s past experience, we facilitated a $38,400 secured business loan for the food trailer with a 10% deposit. This enabled the client to start their business with the necessary financial support.
Expertise in Business Financing
At Co-Pilot Finance & Insurance, we pride ourselves on understanding our clients’ needs and finding solutions even when initial circumstances appear challenging. Our vested interest in their business goals often leads to successful outcomes.
