Blog
DFS is receiving daily updates from our lending partners on payment deferrals, business loans, interest rate discounts and new policies to being implemented to support clients affected by the COVID-19 economic impacts.
Blog
DFS is receiving daily updates from our lending partners on payment deferrals, business loans, interest rate discounts and new policies to being implemented to support clients affected by the COVID-19 economic impacts.
As a specialist business in SME and Consumer funding, we are here to assist with the quickest possible path to getting the relief they need.
Also, for clients who can trade throughout this period, there are some fantastic offers. Dealerships are desperate to get sales and are reducing prices accordingly. The Banks we deal with have all dropped their rates on a range of lending for Business and Personal purposes.
If you have any questions on the support packages or have businesses that still requiring funding for business or personal purposed please inquire now and one of our specialist will get in touch with you to discuss your individual circumstances.
Recent Articles
Don’t Let Emotion’s Control Your Vehicle Purchase
Don’t let the emotion of buying your new vehicle blind you to Dealer attempts to arbitrage your Purchase & Trade-In prices! Used motor vehicles in Australia have experienced a surge in values recently & our Team have seen several examples of Dealers attempting to arbitrage clients purchasing & trading in vehicles.
Tradie Deal of the Month – Custom Fit iLoad!
We have been able to secure multiple iLoads for our clients, saving them thousands of dollars in the process, and if you are an ABN holder, the discounts are even bigger!
Instant Asset Write-off Increase (IAWO)
The Government is increasing the instant asset write-off threshold from $30,000 to $150,000. It is also expanding access to the scheme to include businesses with an aggregated annual turnover of less than $500 million (up from $50 million).
Client Case Studies
NSW Civil Company
What the client required: NSW Civil Company required 10 tipper trucks to fulfil a government backed infrastructure contract
What they supplied: Limited financials supplied (BAS Statements, Cashflow forecast and a work source letter)
Outcome for the client: 13 trucks running 18 hours a day and an increase in turnover of $500k per month
Other products: Equipment Finance (Mechanical Van) Business Loan, Invoice & Debtor Facility ($1m Facility)
VIC Excavation Company
What the client required: Newly established VIC Excavation Company required one excavator to replace the one they’re renting at $10,000.00 per month
What they supplied: 9-month financials (Management accounts & rental statements)
Outcome for the client: 1 new excavator which they own for $2200.00 per month & saving of $7800 which has been invested to rent another excavator
Future plans: Construction & Residential Property Loan
NSW Civil Company
What the client required: Brand new NSW Haulage Company required one truck and dog to secure more haulage work happening in NSW
Background to the business: New entity has been guaranteed by existing company (2018 & 2017 Financials & previous credit reference supplied) no deposit required (which his current bank asked for)
Outcome for the client: Truck and Dog added to the new business which increased the revenue to $300k per year and no deposit required for this new entity
Required 10 tipper trucks
Required 1 excavator
Required 1 truck and dog