He was concerned about funding since his credit profile already was damaged due to numerous enquiries. He explained his situation to the franchise finance specialist and completed the over-the-phone assessment. To his surprise, he was approved for a franchise finance loan. Paul was given $120,000 to invest into the franchise, which covered the entire investment so Paul didn’t have to use his own savings.
Paul opened his franchise in Brisbane and within just one year it was highly successful. He was so happy with the results that he decided to invest in another franchise. He didn’t bother with the banks; instead, Paul went straight to ALC Commercial to fund his next venture.
During his second loan with ALC Commercial, Paul had trouble making some of his payments. Since he already established a good history with us, we were able to approve an extension and let him catch up.