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For many businesses bridging the gap between paying for and receiving the JobKeeper payments is a significant financial challenge. At a time of plummeting revenues, and scarce cash, it can be hard.
Can your clients pay JobKeeper wages before the government money arrives?
06 May 2020
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4 minute read
If they have ten staff that could mean finding $45,000 in a five-week month. Twenty staff and suddenly that is $90,000. Not many businesses have that sort of money at hand.
“Bridging the Gap” – here to help.
The IA Group has been lending for over 20 years and has designed "Bridging the Gap" to help your clients. It is
✔ Created specifically for accountants to offer their business clients, and easy to access.
✔A value-add service you can proactively offer your clients in their hour of need.
✔The money is in their bank accounts within 24 hours of receiving the transaction documents.
But more than that it is an example of our ethos here at International Acceptance Group (IA).
Other ways we have helped your clients
Finance is there to grasp opportunities and fix business problems. In and of itself, it is just a commodity with a price attached. It is what you do with it that counts.
For us at IA we look to the business case, the people operating the business and the opportunity or challenge in front of them. Amongst the thirteen hundred companies we have worked with over the past twelve months:
- An engineering company with the opportunity to expand. The banks were too conservative, other financer companies too expensive.
- A financial services company with an innovative customer payment solution.
- Reframed a financial challenge for a client into a vendor finance opportunity for a farm equipment company. Their sales rose 56% in six months.
- Finance for a professional services firm so a partner could successfully exit.
- New assets finance for a trucking company to expand its geographic markets.
IA - a relationship business.
Borrowing capital is one thing; but what are you leveraging? In the end, it is the business, its ideas and people. Money helps you increase their impact. Michael Moloney CEO maintains….
“We look to the people and the business case before we finance. After all, that is who we are lending to. We invest our time and expertise to understand your clients and their business.
So that we can help them access capital to leverage their business and achieve their goals faster.
It is an ethos that has stood the test of time—lending during the dot com bust, the GFC and lending today.
A Resimac Limited subsidiary, The IA Group balances the technology advances of fintech with an old- fashioned view of service and client alignment. That is how we can continue to lend during Covid-19 as we did before.”
To find out more about “Bridging the Gap” visit www.theiagroup.com.au/bridgingthegap or call 1300 798 590.
We are also happy to discuss any other finance challenges your clients are facing.
IMPORTANT INFORMATION: As this information has been prepared without considering your objectives, financial situation or needs, you should before acting on this information carefully consider its appropriateness to your circumstances. Approval of any Bridging The Gap is conditional on credit checks and is subject to International Acceptance Pty Ltd’s standard lending credit criteria. International Acceptance Pty Ltd reserves the right to decline any application in its sole discretion. If approved, funding provided by International Acceptance Pty Ltd ACN 098 034 041 (Australian Credit Licence 391809). Terms, conditions, fees and charges apply. International Acceptance Pty Ltd contact details are PO BOX H300 Australia Square, NSW, 1215 or Toll Free Number 1300 729 955. International Acceptance Pty Ltd is a registered member of the Australian Financial Complaints Authority for dispute resolution. Any comments or suggestions regarding tax and/or financial related issues are of a general nature only. Taxation law in Australia is complex and changes frequently. Accordingly, no person should rely on any general taxation and/or financial comments in this publication without first obtaining advice from a qualified professional person. International Acceptance Pty Ltd and staff are not responsible for the results of any action taken on the basis of the general taxation and financial information in this publication. They are not engaged in rendering legal, accounting, taxation or other financial advice. They expressly disclaim all and any liability and responsibility to any person in respect of anything and of the consequences of anything done or omitted to be done by any person in reliance, whether wholly or partially, upon the whole or any part of the general taxation and financial contents of this publication.
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