Following on from our last business update we have had a very busy 2nd Quarter and I am proud to say we continue to break our own records and exceed our business plan goals while remaining focused delivering the best customer experience possible.
- Highest loan volume for any single Quarter.
- Highest income for any single Quarter.
- Highest Dollar value ever lent in any single Quarter.
We continue to control our bad debt at below industry average and control our expenses so we can continue to invest in growth.
The team has been working tirelessly to deliver and will continue to do so. We have also invested in some IT enhancements to help keep us at the forefront of technology and enhance both productivity and profitability.
We have also expanded our broker network and our applications now come from a mix of 5 trusted broker partners.
The new staff we spoke about in our last update are now fully trained, on-boarded and successfully through their probation period and are very much part of the team.
We will celebrate our new office with a "Grand Opening" on the 10th of August and Mayor Mark Jamieson of the Sunshine Coast Council will be in attendance to cut the ribbon.
As our business grows we need to continually source new funds to fund our loan book and one of my roles is to do both that and manage existing investor relationships. I had a brief but successful trip to sunny Singapore in Quarter 2 to meet with both existing investors and speak to a small but select group of high net worth individuals about the opportunity to invest with us.
Once again, we are on target to achieve our 2016 growth plans and I look forward to updating you in Quarter 3 on our progress.
Please feel free to call me direct on 0401679744 to discuss our business and how you can be a part of it as an investor, shareholder, lender, customer or part of our extended brokerage team.
Founder and Managing Director