Latest Case Study from Banjo

A bit of background

This highly diversified residential builder is based in NSW and QLD.

The business has grown significantly in its 12 years of operation. The turnover increased from $12m in 2010 to currently over $100m and now employs 100 staff.

The problem

This business required short-term funding now to purchase building supplies. Due to the rise in supply costs and running concurrently over 500 projects.

The business passed on the increased costs to their customers. Due to the nature of the construction industry, they were unable to recoup this money back in less than 3 to 6 months.

How did Banjo help them move forward?

Banjo was able to fund a $1.5M working capital loan across multiple entities within this group over a 12-month term in 1 day.
The broker was able to provide the documents requested, understood the client's business and was able to answer any/all questions they had. Including obtaining information from the accountant and business owner.
The broker was able to speak directly with Banjo's Credit Team to help get this deal across the line.

For any questions, please reach out to your BDM or State Manager.

Bankwest Update

In 2021, brokers continued to make the most of Bankwest's portal as a tool that helps them to deliver success and better outcomes for their customers.

Log in to their portal and see how it can save you time managing your portfolio.

Click here to find out more. Reach out to your BDM or State Manager for any queries.

Introducing Resi Select

Resi's newest product 'SELECT' launched on the 1st of March. This is offered through our White Label partnership with Advantedge Financials Services. We believe it will complement our current offering very well and give you another reason to bring your clients to Resi.

Select will bring the following niches to our current offering plus much more:

  • Fixed rates
  • Variable rates starting at 1.99% P&I variable
  • Construction loans
  • Vacant land loans
  • No minimum employment length
  • Flexible on parental leave income (can use the return to work base)
  • Rural lifestyle securities considered

Any questions please reach out to broker support or your BDM.

NAB: What You Need to Know

Please see the below updates from NAB:

The latest on NAB's customer management proposition
NAB wants all its customers who have been introduced to them to enjoy the benefits of being a valued NAB customer. That means making them feel welcome, secure and in control of their... read more

$1,000 grants to customers impacted by floods
NAB will provide $1,000 grants to customers affected by floods in southeast Queensland and the Northern Rivers region in NSW, to assist them in the immediate aftermath of the... read more

For any questions or concerns, please reach out to your BDM or State Manager.

Compliance Webinar

Please note that compliance will be running a FAQs style webinar every second month starting on the 17th of March.

Each webinar will have members from the Legal, Risk & Compliance team answering questions put forward from the network via a survey (https://www.surveymonkey.com/r/HQH93KJ).

This is a not-to-be-missed webinar hence please ensure you register via this link.