Magnolia Finance Announces the Small Business Loan Initiative

SYDNEY - Dec. 5, 2017 - PRLog -- Magnolia Finance, one of the leading providers of business loans to small businesses in Sydney announces a multimillion-dollar credit line for their new small business initiative. The new line of credit has been established in partnership with several institutional investors to make a variety of business loans readily available for small business owners across Australia. The present capital will be the first installment in the initiative and will likely be followed by a significantly larger credit line based on the success of the program.

The additional working capital will compliment Magnolia Finance's existing funding portfolio and make the company a clear leader in the small business lending industry. The company's spokesperson Mitchell Atkins said, "The overwhelming demand by our continually growing customer base was the impetus for reaching out to our funding partners to launch this initiative." The economy is clearly establishing positive trends and the company believes that launching the small business initiative at this juncture will allow small business owners to take advantage of the growth opportunities that are available. The additional clients will improve the company's brand recognition and their overall market share in the current marketplace.

The business loans will be made available to small and medium-sized business owners that are looking to develop and expand their existing operations. All of the loan options will be unsecured and distributed through the variety of business loan options the company offers. Additionally, due to the company's expanded financial resources, the initiative will also assist small business owners in a variety of industries that are currently experiencing credit problems. Mitchell Atkins added, "There are a lot of good companies out there that can be great companies with the right financial backing."

The continuously tight credit markets have steadily contributed to the growing demand for business loans. As the economy improves it is likely that the demand for financing will grow, and most banks will have to remain on the sidelines until the economy re-establishes a healthy financial picture. This scenario has made the small business loan initiative necessary for both the borrowers and Magnolia Finance.

About Magnolia Finance

Magnolia Finance has built a strong and trustworthy reputation in the cash business industry in Australia. The company's headquarters is in Sydney, Australia. Thousands of small businesses throughout Australia rely on the short term loans and working capital loans provided by Magnolia Finance. The company's customers are across industries from aviation, construction, dentistry, franchises, healthcare, manufacturing, communications, real estate, retail, and wholesalers. For more information on the company's services, visit: http://www.magnoliafinance.com.au or call 1300471308.

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Contact Details

Contact Name - Mitchell Atkins

Address: Suite 3, Level 27, Governor Macquarie Tower, 1 Farrer Place, Sydney NSW 2000, Australia.

Phone number:1300471308