1/23/2018 11:36:00 PM by Magnolia Finance
Every year thousands of people in Australia start a new business hoping that their business idea would click and they would have a successful business.
Magnolia Finance, one of the leading providers of business loans to small businesses in Sydney announces a multimillion-dollar credit line for their new small business initiative. The new line of credit has been established in partnership with several institutional investors to make a variety of business loans readily available for small business owners across Australia. The present capital will be the first installment in the initiative and will likely be followed by a significantly larger credit line based on the success of the program.
Australia's Domestic Credit increased 4.1 % YoY in Oct 2017, compared with an increase of 3.2 % YoY in the previous month. Australia's Domestic Credit Growth YoY data is updated monthly. It averaged 9.3 %, available from Dec 2002 to Oct 2017. The data reached an all-time high of 35.0 % in Dec 2007 and a record low of 0.2 % in Nov 2009. CEIC calculates Domestic Credit Growth from monthly Domestic Credit. The International Monetary Fund provides Domestic Credit in local currency. In the latest reports, Australia's Domestic Credit reached 2,412.3 USD bn in Oct 2017. (Source - CEIC)
It’s amply clear that there is an increase in credit growth in Australia and companies like Magnolia Finance are at the forefront of this growth. It is basic knowledge that business funding is one of the most important areas for any business to reach the next level. For a start up funding is even more important as meeting expenses like salaries, paying for raw material etc means drying up off the meager capital that start ups usually work up on until they are able to receiving funding from institutions like Magnolia Finance.
Gordana who recently applied for business loan with Magnolia Finance has this to say "I applied on the weekend, attached a bank statement and my personal loan was approved within 4 business hours. I was constantly informed by email and SMS at what stage my loan was at."
About Magnolia Finance
Magnolia Finance has built a strong and trustworthy reputation in the cash business industry in Australia. The company’s headquarters is in Sydney, Australia. Thousands of small businesses throughout Australia rely on the services like invoice discounting Australia and short term loans Brisbane provided by Magnolia Finance. The company’s customers are across industries from aviation, construction, dentistry, franchises, healthcare, manufacturing, communications, real estate, retail, and wholesalers.
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Contact Details
Contact Name - Mitchell Atkins
Address: Suite 3, Level 27, Governor Macquarie Tower, 1 Farrer Place, Sydney NSW 2000, Australia.
Phone number: 1300471308
Web - www.magnoliafinance.com.au