2018 Quarter 4 Business Update

We Believe in You: Ume Loans’ Commitment to Bad Credit Car Loans - At Ume Loans, we believe everyone deserves a second chance, focusing on potential over credit history. Established in 2009 during the Global Financial Crisis (GFC), we are Australian-owned and operated, created to help everyday Australians who don’t fit traditional banks’ criteria. We’ve since specialised in bad credit car loans, turning financial challenges into opportunities. Led by our founding director Dan Fox, a seasoned specialist with experience managing loan portfolios at GE Finance and Avco Finance & Insurance, Ume Loans has developed a unique credit scoring model. This innovative approach allows us to quickly, fairly, and accurately assess applications for bad credit car loans, ensuring you get the best solution for your needs. What We Believe: The Ume Loans Difference We’re not just about providing finance; we’re about believing in you. This belief shapes how we work, ensuring that we deliver more than just car finance approvals; we provide understanding, compassion, and a fresh start. {{embed_youtube_vid_here}}   We’re About Giving Financial Second Chances Financial setbacks can happen to everyone, and often due to circumstances beyond someone’s control. We focus on your current potential and ability to repay a loan, not your past difficulties and mistakes. From bad credit car finance to second chance leisure loans, we offer flexible options tailored to your situation and needs. Our commitment is simple: to help…

How Ume Loans Helps Brokers Secure Client Second Chances - As a broker, you help clients tackle financial hurdles, even when credit issues present obstacles. At Ume Loans, we’re here to support you with solutions like bad credit car loans, to give your clients a fresh start. With our collaborative approach, deep understanding, smart technology, and streamlined processes, we make it easy for you to secure funding for your client - quickly and confidently. We’ve redefined broker-lender collaboration by these commitments Fast Approvals: Our team and systems allow us to provide same-day approvals. Customised Solutions: Loans tailored to the clients’ unique situation. Broker-Centric Support: Direct communication lines to our credit team. Experienced Team: Our team has the experience to help with any financial scenario. Workshopping: Finding ways to make a deal work is what our team does every day. Digital Process: Our entire process is digital, making life easy and simple for your customers. Same Day Funds: Our payments are done via RTGS and are visible same day as settlement. We know that as a broker, your reputation depends on delivering results, and we’re here to help make that happen for you! Speed and Simplicity, Backed By Cutting Edge Tech Time is critical for brokers managing multiple clients. That’s why Ume Loans focuses on fast, efficient service. Our streamlined process delivers same-day approvals, securing funding quickly. It’s not just convenient—it…

Everything you need to know about Jobkeeper - The Australian Government has finally released the much anticipated Legislative Instrument and accompanying Explanatory Statement for the JobKeeper Payment. The ATO have also released further information on their website. This is the "nitty-gritty" detail we have been waiting for. Employers can now commence the process of implementing the JobKeeper payment as follows: STEP 1: ASSESS ELIGIBILITY OF THE EMPLOYER To be eligible to receive JobKeeper an employer must meet the following tests: a) On 1 March 2020, you carried on a business in Australia ;. b) You employed at least one eligible employee on this date; c) Your eligible employees are currently employed by your business for the fortnights you claim for; d) Your business has faced a 30% fall in turnover Business owners actively engaged in the operation of their business are also eligible to claim the JobKeeper payment (i.e. an individual shareholder, director, adult beneficiary or partner). Criteria (b) above does not apply in this instance. 30% DECLINE IN TURNOVER TEST This test works by comparing the projected (i.e. estimated) GST turnover of the employer for a month or quarter (the test period) with the actual GST turnover of the comparable month/quarter of 2019 (the comparison period). To begin with employers should make comparisons using the following periods: actual GST turnover for March 2020 with actual GST turnover…

Celebrating 15 Years of Giving Financial Second Chances - Ume Loans is marking a significant milestone this year as it celebrates 15 years of providing financial second chances to Australians with less-than-perfect credit histories. Since its inception in 2009, Ume Loans has grown to become a trusted name in the alternative lending market, offering finance to many who were left behind by traditional banks and finance companies. {{embed_youtube_vid_here}}   The Origins of Ume Loans Ume Loans was founded in the wake of the Global Financial Crisis (GFC), a time when many financial institutions tightened their lending criteria, leaving many good borrowers without access to the loans they wanted and needed. Recognising this gap, Ume Loans stepped in to provide thousands of financial second chance loans to good people who deserved another chance but were unable to secure loans from conventional lenders​. Every day is a second chance A Commitment to Fairness and Inclusivity At the core of Ume Loans' philosophy is the belief that everyone deserves a second chance. This principle has driven the company's operations and has been the foundation of its success. Ume Loans specialises in bad credit loans, offering products such as car loans, boat loans, motorcycle loans, and caravan loans to both consumers and businesses. The company has also developed an industry-leading software platform that ensures a speedy ​approval and loan origination process. At Ume…

Behind the scenes at Ume Loans - I've had a few comments lately from some clients, broker partners, investors and shareholders about our team and our office. Where is our office? How many team members do we have? How big is the office? So, I thought I'd record on my phone just a quick 1 minute behind the scenes tour for you all of the Ume Loans office and team. Let me know your thoughts and if you have any other questions. {{embed_youtube_vid_here}}   If you are reading this and are interested to know more about being a shareholder, Broker or partner please call the office on (07) 5443 3863 to discuss. Dan Fox Founder and Managing Director

Australian Government COVID-19 Assistance Information - Hi Everyone, As a valued client of ours, are you OK? The COVID-19 pandemic is presenting many difficult and different challenges for all Australians right now. We are definitely all in this together. For our customers, we are here to help you through this challenging time. We have an amazing team who care about our clients which comes from our ethos of giving people a second chance. As one of the first steps in our assistance process, we provide the below information about the Australian Government assistance that is available (to our best knowledge). Our governments have put together some great assistance packages to help us all through this difficult time. We want to make sure our clients are fully informed about the assistance they may qualify for. We have provided information to learn more about: Assistance for Individuals Assistance for Business Assistance for Retirees Please reach out to us if you need some assistance or guidance, our phone number is 07 5443 3863 or you can email us at info@umeloans.com.au and advise us the best number to call you on. Stay Safe Regards, The Ume Loans Team

2022 – The year that was at Ume Loans - To our Customers, Staff, Finance Brokers, Lenders and Shareholders Thank you once again for taking the time to read the latest news about our Ume Loans. 2022 was another growth year for us. In 2022 we gave more clients second financial chances than in any other year before. It’s truly humbling to know the difference we are making in people’s lives. Don’t just take our word for it, take a minute to check out what our customers are saying about Ume Loans. Some highlights from the year are: $7.9M lent to our customers in 2022 (up 138%) 116% increase in the average loan amount Overdue customers down 6% More loans issued than any prior year We received 71 X 5 Star Google reviews from our customers We welcomed to the team Zoe and Emma We celebrated our 13th year in business As a group we raised over $2000 for November Led by Darin, we donated over 60 Christmas toys to some amazing disadvantaged children, putting some very big smiles on their faces! We continued our significant investments into IT, confirming our push to be a true fintech business with significant growth potential Overall, a very solid performance from the team, one we are very proud of in a challenging economy. 2023 is off to a cracker start with our team continuing…

2021 – The year that was at Ume Loans - To our Customers, Staff, Finance Brokers, Lenders and Shareholders Happy New Year! 2021 was a great year for us and our customers at Ume Loans. Thank you once again for taking the time to read the latest news about our Ume Loans. We are really humbled to help so many clients get the second chance they need in 2021. Please take a minute to check out what our customers are saying about us. Some highlights from the year are: $5.7M lent to our customers in 2021 ($778k more than we planned) 164% increase in the average loan amount Overdue customers down 14% Loan volume is on the rise again as the economy continues to recover from the COVID-19 pandemic We received 28 5 Star Google reviews from our customers Nathan Drew joined the business as a shareholder and director sharing his skills, knowledge and finance industry experience Britt went on maternity leave and has had her little boy Bellamy We welcomed to the team Lynley, Shaun, Ford, Taylor, Justin and Charlie We made significant investments into IT, making us a true fintech business with significant growth potential in the coming years Overall, a very solid performance from the team, one I am very proud of in a challenging environment. 2022 is looking like we will be able to help many…

2020 Quarter 3 Business Update - 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. We are really humbled to help so many clients get the second chance they need. Here is a very cool story from one of our clients, its worth the minute to read   Some highlights from the quarter are: Some of our clients have been affected by COVID-19 and we continue to use our proactive, step by step process to help them through this challenging time. The QLD government have come up with a great tool to help small businesses assess if they qualify for various types of assistance Loan volume is slowly on the rise again as the economy continues to recover from the COVID-19 pandemic During this quarter we released our electronic signing capability and can now help our clients even faster and easier. Yes, we are a Fintech now! Strong cash flow during this quarter has allowed us to pay down our wholesale funding facility and keep our interest expense to a minimum Another reduction in our overdue client numbers We have a renewed Management Focus and shuffle of responsibilities which has seen me move back out onto the floor with the team, working closely with them sharing my experiences and basically…

2020 Quarter 2 Business Update - 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. We are blessed to run our second chance loan business in Queensland! We are very lucky that most of our clients and certainly all our staff are based in Queensland. Our thoughts and prayers go out to our friends, customers and partners in Victoria. From a lending point of view, our quantity of loans continues to decrease but the quality of borrowers continues to be higher. It's great to help so many people get the second chance they need. Whilst some of our clients have been affected by Covid19, we continue to use our 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 helping them through the paperwork to obtain the government safety net payments. We have also created a COVID-19 assistance page to provide those seeking more information on the assistance available. Some highlights from the quarter are: We have been proactively investing and developing technology to help our team improve the delivery and speed of our loan products to customers. Are we a fintech now? Our website has had a digital…