New Options for SMEs
The last 2 years have been, unusual, to say the least. SMEs have never had it tougher. Banks and other lenders were already beginning to tighten up their lending criteria in the wake of the Royal Commission, and then COVID hit. We’re now starting to see the light at the end of the tunnel, businesses are beginning to be able to open up again, masks are starting to disappear, and life is starting to return to city streets, but with this, banks, the ATO and other creditors are, slowly, starting to call in their debts once more.
Coming off the back of 2 years of very limited income and already stringent lending terms, a lot of business owners are going to be in trouble. We understand that, and we have spent the last number of months expanding and refining our lending products to make sure that when they need it, we’re here to help. Our new products allow for larger loans, longer terms and lower starting rates, backed by the same great speed and service brokers have come to expect when dealing with us. Oak loans can now include rates starting from 5.99% and loan terms up to 3 years, offering more flexibility to SME borrowers in bespoke lending solutions crafted specifically to suit their needs.
We’ve also put more boots on the ground, expanding our BDM team and opening our new Sydney office headed up by Oak veteran Ellis Shedden. This new office will be the go-to for brokers from New South Wales, Queensland and the ACT, and will be rapidly expanding to help us more effectively service Australia’s largest property market. The opening of our Sydney office means we now have local people available in Melbourne, Sydney, the Gold Coast and Perth, making us more available than ever before.
Due to its success last year, we’ll again be running our Elite Connections Conference in 2022, if you want to secure your place (and places are limited), get in touch with one of our BDMs to find out what you need to do. This year is going to be our biggest ever, we’re only 3 months in and we’ve already completely revamped our product line and opened a brand new office, we can’t wait to show you what else we’ve got in store! Oak Capital really is your true non-bank alternative.