2020 Quarter 1 Business Update

Written on the 15 June 2020

To our Customers, Staff, Finance Brokers, Lenders and Shareholders

Thank you once again for taking the time to read the latest news about our business.

2020 is well underway and what a crazy year it has been so far! Tremendous issues in our economy and health systems worldwide but also plenty of good opportunities coming to light. Although our quantity of loans is down on the same period last year the quality of borrower's is higher. Its great to help so many people get the second chance they need.

During this quarter we saw COVID19 impact our country and our economy. Naturally, some of our clients are affected and we have put together a proactive step by step process to help them through this challenging time. Our staff have and continue to do an amazing job identifying the clients in genuine need of assistance and also helping our clients through the paperwork to obtain the government safety net payments.

Some highlights from the quarter are:

  • Another profitable quarter with some great quality loans processed and another reduction in our overdue client numbers.
  • If you are a finance broker looking for a competitive edge you should be talking to us about providing your clients with the Second Chance they need! Our online portal has been improved again and is ready and waiting www.umeloans.com.au/broker.html
  • Dan, Phil and Brit all celebrated their birthdays this quarter with some amazing birthday cakes (even a very yummy vegan cake).
  • Courtney completed yet another IRONMAN this time in 13 hours, 10 minutes and 3 seconds.... its exhausting just thinking about it!
  • COVID19 has started to impact a few of our clients and we have prepared some information to make navigating the government safety nets a little easier, see here https://www.umeloans.com.au/articles/australian-government-covid-19-assistance-information.html

If you are reading this and are interested to know more about being a shareholder, Broker or partner please call Dan Fox on 07 5443 3863 or 0401 679 744 to discuss.

Dan Fox
Founder and Managing Director

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Ume Loans Pty Ltd ABN 25 138 637 064. Australian Credit Licence Number 383502.