Dana Eastwood spent 10 years as the head baker at a large department store, kneading, baking, and icing her way towards mastery. After managing her craft successfully at such a large scale, Dana decided she should rather work for herself and grow her own business.
14 months ago Dana and her partner Alex opened their own bakery. Dana’s years’ of experience meant that the business got off to a flying start, with plenty of customers and a great reputation among the local community.
However, they found themselves short of capital when faced with a clear opportunity for growth.
Are you thinking about finance for your business? See how RedZed can help, and find out if a RedZed loan is right for you.
Dana and Alex were surprised to find out from their mortgage broker that most of the options available to them required a minimum of two years full financials before they would be considered for finance. What to do?
What’s the solution?
With clean credit and strong repayment history, their mortgage broker applied to RedZed. Which was able to help them borrow the money they wanted.
All examples or scenarios are illustrative only and do not amount to endorsements. The names used are fictitious. All loan applications and requests subsequent to settlement are subject to RedZed’s lending criteria and lending policy which may be amended from time to time without notice. Fees, charges and conditions apply.
The above information is a brief summary only and does not take into account your personal needs and is not a substitute for independent professional advice. We strongly recommend that you speak to your accountant as they will be able to provide you the most suitable advice for your individual circumstance and to ensure that you are also always receiving the most up to date information.