Non-bank lender Assetline Capital and private debt provider AltX have joined forces to become principal co-sponsors of the Accountants Daily inaugural Finance Day in June.
The first Accountants Daily Finance Day will focus on how accountants can help their small and medium business clients through the lending process and generate additional revenue streams through strategic partnerships.
One in five small-business borrowers reported that a lack of finance hinders their operations, while access to cash flow or working capital is a critical issue.
Assetline Capital offers “capital with certainty at market-leading speed for business borrowers” while AltX delivers wholesale investors access to an alternative income stream through private debt investments secured by a first mortgage.
Together, they help resolve some of the supply and demand pressures on Australia’s credit system.
Assetline Capital said that during the past two years, when bank turnaround times put many owners under pressure, it continued lending to small-business owners.
Its property-backed approach focuses on the asset valuation, the business strategy and the loan exit strategy. Its credit and underwriting team values the inside knowledge accountants bring.
“Major banks may no longer be the primary source of funding for small business owners,” said Paul Munt, Assetline Capital managing director, property lending.
“Non-bank lenders like Assetline Capital have become the new normal as a first point of contact for both borrowers and their advisers, who value being able to talk directly to decision makers.
“We understand small and medium businesses, because we are one ourselves – and we make decisions with a commercial mindset.”
Assetline Capital’s wide range of finance offerings includes short and long-term property-backed loans, as well as construction finance.
“Short-term bridging loans are ideal for any business that has a few residential or commercial property assets, and a commercial requirement for access to funds,” said Mr Munt. “It gives them enough time solve a cash flow shortfall, or see a business strategy through.”
On the supply side of the capital equation, AltX has seen private debt emerge as a core strategy for income in retirement, with 21 per cent of its investor base allocating over 30 per cent of its portfolio to private debt.
With interest rates still at historic lows, its fixed yield is an alternative for SMSFs and retirees looking for stable income with low risk to capital. For business owners planning their exit strategy, maximising returns on their hard-earned capital is also a challenge in a low-interest environment.
“Accountants play an important role informing investment decisions for high net worth investors and business owners, as well as SMSFs,” said Nick Raphaely, AltX co-founder and co-chief executive.
“That’s why we want to bring accountants into this conversation, and raise awareness of private debt as an investment strategy.”
Thanks to Accountants Daily Finance Day principal partners Assetline Capital and Altx, the first 200 registered will attend free on a $199 ticket price.
Places are filling up fast so click here to register and secure your spot.
For more information about the workshop, including the agenda and speakers, click here.