Think differently with Finstro Loan

Do you know how to support your business clients with Tax payment solutions?

Businesses that wish to remain current on their tax commitments, often drain their cash on hand resources in doing so, resulting in cash negative for salaries, or even stock purchases.

Pride yourself on thinking differently, outside of the box. Provide your business clients with solutions based on the assets they hold. Finstro is talking about gaining an advance against their debtor/receivable invoices, perhaps even a way in purchasing/receiving their stock today while enjoying their own payment terms.

  • FINSTRO Loan is calculated against 150% of monthly turnover average
  • Single invoice advance like an 80% LVR. No need for the full debtor list
  • Customer remains as the contact of their client, Not Finstro
  • Interest rate from 2%, no monthly, annual, or set up costs

If you have any questions, refer to your Vow Financial BDM.

ANZ - Australian Government's SME Guarantee Scheme Ending Soon

The phase 3 of the Australian Government's Small to Medium Enterprise Recovery Loan Scheme (GGS3) will end on 30 June 2022.

An eligible GGS3 credit application needs to be approved, and the letter of offer issued by ANZ, by 30 June 2022 at the latest. To help ensure this deadline is met and a timely decision is provided to your clients, please take note of the application cut off times below:

  • Commercial lending up to $1m: Applications must be submitted by COB Friday, 3 June 2022.
  • Commercial lending from $1m - $10m: Applications must be submitted by COB Monday, 20 June 2022.
  • Asset Finance: Applications must be submitted by COB Monday, 20 June 2022.

GGS3 applications will not be accepted after these dates.

Please ensure the GGS3 applications you submit contain all required information because, if further information needs to be requested, it may delay assessment which could mean the application is not processed by the 30 June deadline.

For any questions please reach out to your BDM.

Resi Select - Rural Residential Securities up to 240 Acres

For those clients wanting their rural retreat and are finding it difficult to place with a residential lender then RESI has an option for you.

Under Resi's Select range Resi can consider Rural Residential properties if they fit into the following criteria:

  • Property is being used wholly or predominantly for residential use
  • Property is less than 100 hectares (240 acres) in size. *For LMI applications, land size must not exceed 50 hectares (120 acres)
  • Property does not generate (or intend to generate) net trading income (net profit, before tax and addbacks) of more than $50,000 per year. Where the rural property is leased to a third party, enquiries must be made to determine whether the third party generates (or intends to generate) net trading income (net profit, before tax and addbacks) of more than $50,000 per year from the property
  • Does not generate income that the customer/guarantor is reliant on to demonstrate debt servicing; and
  • Would have similar marketability to a property zoned residential.

Click here for the policy, alternatively please contact broker support or your BDM.

Up to $500k with Zip Business

Enjoy business cash flow today, freedom tomorrow with up to $500K with Zip Business.

With no security required and repayment terms of up to 5 years, your clients can focus on growing their own way.

Benefits for your clients:

  • Finance from $10k to $500k
  • Approval in 24 hours
  • Loan term up to 5 years
  • Only pay interest on what you use
  • Flexible repayments
  • No real estate Security-Just need a PG

For any questions please reach out to your BDM.