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It’s no secret that for many businesses, 2019 kicked off to a shaky start.
The year began with uncertainty surrounding the federal election, with investors and business owners alike holding onto their cash and putting off making major spending decisions.
A tentative market was then compounded by the Royal Commission resulting in financial institutions tightening their credit policies.
The Western Australian lending market holstered its pistols, forcing top financial institutions to swap to an ‘ask first’ shoot later mentality. Hesitant to take risks on transactions now deemed too complex or financially challenging to secure approval, this resulted in businesses starved of debt funding.
When you can’t borrow money, it can significantly restrict your business in achieving its goals.
So how do you best navigate an increasingly cautious and vigilant lending landscape?
Ledge’s team of finance specialists have helped many Western Australian businesses hit their financial targets with complete business finance solutions, backed by decades of experience.
Over 40 years of results
Since 1979, Ledge has worked through the state’s boom and bust cycles, and weathered the GFC.
As a result, we’ve expanded on the debt service proposition to meet the changing demands of the Western Australian market.
Since inception, our goal has been to diversify and innovate to ensure we have the capacity to deliver the best possible outcomes.
After building up experience primarily sourcing equipment finance, we expanded our capabilities to offer a complete suite of business finance, including various working capital and other debt solutions. In support of this, we have added Property and Health & Medical Finance arms to our established portfolio.
As we’ve evolved, so too have our clients – and this is why we form relationships at early stages, to assist with growth and development.
Our close working relationship with businesses has given us a comprehensive understanding of this space, with regards to debt, effective life or value of the assets and how it builds long term balance sheet strength, which is ultimately “enterprise value”.
We assist clients with both commercial risk and financial risk – critical with current market conditions.
Is your business ‘fit’ for finance?
As financial markets continue to change, so too will the lending environment.
Now more than ever, it’s crucial to proactively monitor and understand these changes when approaching financial institutions to ensure you secure the right finance.
The first step is seeking professional assistance.
At Ledge, our team of experts can guide you every step of the way. We work closely with your business to present the opportunity to the finance market, ultimately ensuring good outcomes.
2020 outlook
A new year brings with it new possibilities.
At Ledge, we partner with you to build a pathway for business growth, by securing finance requirements and providing the knowledge and guidance your business needs to ensure you remain ‘fit’ for finance.
As the state’s economy starts to pick up with a lift in consumer sentiment and a stronger export market, is your business financially prepared to take advantage?
Contact Ledge today, we’ll pair you with a Finance Executive who best suits your business needs.
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