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Profitable Consumer Leasing Company Seeking Loan in Melbourne, Australia

We provide short term finance to residential tenants and looking for finance partner.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 1 - 2 million
Run Rate Sales USD 1.6 million
EBITDA Margin 20 - 30 %
Industries Consumer Leasing + 1 more
Locations  Melbourne
Local Time 3:20 AM Australia / Melbourne
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 670 thousand for 12.0% annual interest, 3 years (Native Currency: AUD 1,000,000)
Reason: We are a consumer finance business and we need a loan to expand marketing and grow the loan book.
Collateral Available: USD 267 thousand
Includes physical assets worth USD 267 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- Have proven the demand for our products in the residential rental market across Australia with over 1,000 renters using our products.
- We have lent almost AUD 1.2 million to Australian renters and are now looking to open new partnerships and increase marketing.
- The rental bond market is huge, and with increased cash flow burdens, the addressable market for a financial service in this sector is growing daily. In the eastern states of Australia alone, there are approximately 1 million bonds transacted per annum at an average of AUD 1.7k per bond.
- We are the market leader in providing financial assistance to Australian renters.
Products & Services Overview
- Short-term finance to assist with payments of rental bonds.
- Short-term finance to give renters a "rental holiday"
- Connection of utilities for residential renters.
Introduction to car loan financiers.
Assets Overview
We have intellectual property, cash from receivables and general goodwill in the marketplace.
Facilities Overview
Leased 50 sq ft office space in Melbourne, that will continue to act as operational headquarters.
Capitalization Overview
- Funded from initial round of "family and friends" investment.
- Currently, 100% owned by founders - two partners who are old friends from school and know each other well.
Recent Activity
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6 Investors already contacted this Business. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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