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A Sydney-based finance brokerage has reached the $1 billion milestone of loans provided.
EasyBiz Finance provides loans to small and medium-sized businesses across Australia, without the need for the business owner's personal property to be used as collateral for the loan.
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Founder and CEO of EasyBiz Finance Dominic Lambrinos said the company's decisions are based on the cashflows and prospects of the business, not on how much their clients’ houses are worth.
“We have developed a strong track record of backing winners and our panel of lenders provide our clients with a range of options through which funding can be sourced,” he said.
“All business people are aware of the very tough terms now imposed on them by the major banks since the global financial crisis and they are seeking alternatives to the traditional funding route, similar to home buyers seeking new mortgage providers,” Mr Lambrinos said.
EasyBiz offers cashflow lending, as well as the financing of assets and property.
The brokerage has assisted a range of local and overseas investors in acquiring or investing in local businesses.
“We are finding a lot of interest from Chinese investors who wish to acquire or establish small to medium-sized businesses in Australia, and we see this as a major area of growth in the future,” Mr Lambrinos said.
“Many successful small to medium-sized businesses are owned by baby boomers, many of whom are now looking for exit strategies, and we are providing them with potential buyers and investors.”
