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Melbourne-based mortgage brokerage MoneyQuest Balwyn recorded almost $120 million in paid settlements in January, the highest monthly settlement for the MoneyQuest group.
The company said the loan figure was made up of a mix of home loans and one “particularly substantial” transaction for an e-commerce business that involved a core debt facility, totalling $72 million, and a working capital facility.
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Franchise owners Scott Seng and Matthew Chik, who joined MoneyQuest Balwyn in 2017, said it was “incredibly exciting” for the team.
“We have worked very hard to build an extensive network of contacts within the lending industry, and have focused our energy on nurturing our business client relationships,” Mr Seng said.
“The fact that our hard work has paid off in this way is extremely satisfying.”
MoneyQuest Balwyn, also recently welcomed University of Melbourne graduate Henry Nguyen to their business in October, 2021, as part of brokerage’s graduate program, which was launched last year.
Mr Chik said Mr Nguyen had been an “extremely valuable” addition to our business.
“He is hardworking and eager to learn, and most importantly, he comes to work each day with the right attitude,” Mr Chik said.
The company expanded to franchise operations in 2016, and delivers a “smarter” distribution platform for franchise owners.
MoneyQuest Australia managing director, Michael Russell, commended Mr Seng and Mr Chik for their strong work ethic and dedication, which have culminated in this impressive result.
“Scott and Matt have a wealth of experience in the commercial lending space, and these fantastic results are very well deserved,” Mr Russell said.
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