21. Business loan (shop fit out)

Borrowers were the owners of a convenience store in a regional Victorian town.

They needed to upgrade their business with the installation of new shop fittings, adding a larger range of stock and a new line of products.

They were unsuccessful in obtaining appropriate finance from their bank and indeed other business lenders. They approached Eastwood Securities Mortgage Fund staff who identified the upgrades and additional stock would benefit the business and add to profits for the Borrowers.

Eastwood Securities loaned them the required $150,000 at 54% LVR on the security of a mortgage over a vacant block of land.

A commonsense approach with a quick turnaround.

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