New Bar Fit-out with Residual ($23,500)

  • New bar Fit-out

Challenge: A client had run a successful bar for several years and wanted to re-do the interior to improve the appearance of the bar.

Finance Solution: The existing business demonstrated serviceability on interim 2017 financials, had sound director property backing, clean credit and 3 years trading history. Service Finance was able to fund the full amount over 36 months at 11.45% with a 30% residual.

The residual option allowed the client to significantly reduce the monthly repayments over the term while also allowing a refinance opportunity for the broker in the future.

May 9th, 2017|Success Stories|