Going places with Banjo Loans

11th Oct, 2022 | Branch News 13 October 2022, Lender Updates

In this article:
Banjo Loans has helped a retail company secure needed capital.

Banjo Loans has recently helped a company that was seeking funding to purchase a new machinery.

See snapshot below of how they helped the business.

Retail – Automotive
Loan Amount
Time in Business
8 years
Annual Turnover
Total Deal Time
2 days


A bit of background

  • A N.T owned and operated company that has extensive knowledge of used cars.
  • They have recently expanded its services to include vehicle restoration and tire retail.
  • The business has recently injected over $400K of equity into the company, and as a result has remained profitable with a growing turnover.

How did Banjo Loans help them move forward?

  • Providing confidence with its profitability, Banjo provided a working capital loan of $315,000 over a 36-month period which was funded in 2 days.
  • This cash injection provided funds to purchase its machinery for its successful business growth and expansion.

For any questions please reach out to your BDM.