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Shore Financial has revealed plans to open three new offices as it begins its second year of trading.
The Sydney firm, founded in February 2013 by Alex Nochar and Theo Chambers, will expand into Melbourne some time this calendar year, Mr Chambers said.
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Mr Chambers won the Editor’s Choice award at the NSW Better Business Awards last week and was a finalist in the Rising Star and Best Newcomer categories.
Shore lodged $350 million of loans during the firm's first year of trading and is forecast to lodge $600-700 million in 2014, he said.
The firm has grown during the past year from three staff to 16, seven of whom are brokers and another four of whom are loan writers in training, he added.
Mr Chambers said the firm preferred to recruit novices because they are hungrier and more open-minded than existing brokers, noting that Shore’s growth would come from increasing broker numbers and a rise in their efficiency.
Shore will probably open a Brisbane office and possibly a western Sydney office in the coming years, Mr Cambers said.
