How did you hear about Moula?
I met the team from Moula at the Xerocon event in Melbourne last year. Their lending solution was a new and exciting concept for me.
Tell us about the first client you referred?
I had a client who was running a labor hire business. Essentially the client required some additional money to fund their working capital at the time.
They had some cash flow issues given their obligation to pay employees prior to receiving payments from their debtors. We approached the big banks, but there were just too many hoops to jump through and they wanted money in the bank before they would lend. We also explored debtor financing, but that would have been like taking out a mortgage on a house – we would have been required to put up too much collateral!
What happened next?
I initially called Moula, and subsequently signed up to the Partner Program and was able to refer my client in a matter of minutes. The team at Moula took it from there…
My client had his loan approved and got the money he required within a matter of hours and was a very happy person. It was painless!
How long did it take for them to be approved?
Sounds great. So would you use Moula again?
Absolutely… It is such an easy process. It is quick, easy, simple and you don’t have to sign over your first born… and you can repay the loan early with no penalty.
Want to join our partner program? Learn more and sign up today to help your clients grow.
If you want to learn more about small business finance, get the business loan basics.
