From Hesitation to Confidence: Supporting a Victorian Convenience Store Owner

After working as a sole proprietor of a convenience store in Victoria for the past 2.6 years, our client sought funds to meet rising customer demand. With a $20,000 business loan, he was able to:

• Purchase additional stock to keep up with the peak season
• Increase his store’s product range to attract new customers
• Maintain stable cash flow to support day-to-day operations

Finding the Right Solution

We approached our client to discuss any funding needs. Although he needed funding of around $25K to restock his shelves, he was unsure whether a business loan was the best option or if he should explore other financing sources. With no previous debts and a steady turnover, he seemed like an ideal candidate, but his hesitation was understandable.

To ease his concerns, we took the time to walk him through our loan process, explaining each step and the various ways a business loan could benefit him. We also addressed any questions he had about terms and repayment options.

A Confident Decision

A follow-up call proved to be just the nudge he needed. After reviewing his financials and understanding how a loan could support his store, he felt ready to take the next step. He sent in his recent financial statements, which allowed us to assess his eligibility quickly.

Based on his turnover, we offered a $20K loan – a tailored solution that ensured he could maintain healthy inventory levels without straining his cash flow.

Positive Outcomes

With the additional funding, he was able to stock up on popular items, meeting customer demand and enhancing his store’s reputation as a reliable local shop. The extra product range also attracted new customers, giving his business the boost it needed.

As he reflects on the experience, he’s grateful for the clarity and support we provided, which helped him confidently secure the funds to grow his business at the right time.

Need funds to grow your business? Reach out to us for a tailored solution.