Nick and Daniella love running their Italian restaurant and have some great customers from all over Sydney, that over the years have become like family. Nick and Daniella decided it was time to renovate their restaurant to bring it into the 21st century and to suit the changing tastes of the local diners while still keeping that quaint appeal that their customers loved about the restaurant. As a small family business, they didn’t have a lot of extra money in the bank and needed a $20,000 business loan to make some renovations to the interior of the restaurant and for a few additions to the kitchen.
Like a lot of small businesses, Nick and Daniella found it quite challenging at times to manage the business’ cash flow. They needed to make sure they found a business loan that would suit their needs and a lender who understood what they were trying to achieve. After operating for so many years and having what they considered to be a good credit history they were shocked when the bank knocked them back on their business loan application. They didn’t know what to do, other than look for a non-bank lender to see if their dreams of modernising the restaurant were indeed achievable. That’s when Nick and Daniella found NSW Mortgage Corp, a non-bank lender with a long history of supporting small businesses in Australia.
A business loan consultant from NSW Mortgage Corp had a close look at both the restaurant’s, and the couple’s finances. Satisfied with the numbers, NSW Mortgage Corp helped Nick and Daniella get their business loan approved and funded within the same week that they applied for their business loan.
According to Daniella, “We really didn’t know what we would have done without the help from NSW Mortgage Corp. They are so professional and friendly, and helped us every step of the way. We would recommend anyone who needs a business loan to speak with NSW Mortgage Corp first - they make it all so easy.”
Since renovating the restaurant, Nick and Daniella have managed to attract new clients while still keeping a smile on the face of their regulars. Business is booming and their restaurant is now more profitable than it has ever been.
If you require a business loan to help get a new idea off the ground, or to expand/improve your existing business, then contact NSW Mortgage Corp right away.