Small businesses require starting capital to get their business flourishing, but this can often be difficult to acquire through a bank due to the masses of paperwork required. Hodgestone Finance has helped many small businesses obtain low doc small business lending, with one of these clients being a small business owner based in Melbourne’s south-eastern suburbs.
This client owned their home unencumbered (meaning there was no mortgage), and needed to raise funds in order to keep their business growing. Hodgestone Finance structured a low doc commercial facility where only one BAS Statement was required, unlike other lending options that require complicated documents to be completed and submitted.
Hodgestone Finance could thereby raise up to 100% of the value of the client’s home, which enabled the client to implement his growth plans within just two weeks of seeking assistance from Hodgestone Finance.
By procuring a small business loan from Hodgestone Finance, the client saw a significant increase in the profitability of his business.