Be Inspired

Getting the balance right

7 March 2018,


RedZed: Product explainers to help you grow your own way

The situation

Mr & Mrs Williams are self-employed printers who have built up a loyal customer base over a number of years. Printing technology has come a long way since they started their business, and new machines require substantially less ink than the equipment they are currently using. Investing in the new models would lead to attractive gains in efficiency and profit.

The cost of the new machine and its installation exceeds $180,000, which is more than they can afford upfront, having put any savings towards their mortgage, and running their business on a bare minimum.

The Williams have been to the banks and tried to access the equity against their property, however, none were prepared to allow them a sufficient amount to buy the next-generation printer they needed. This put a dampener on their growth plans.

The solution

Despite an excellent repayment history on their mortgage, the Williams have a telco and utility default on their VEDA report. Both are under $750 each.

The RedZed Reward product allows them to access equity of up to 85%.