RONCOLE

Finance Broking

A Business Finance Broker in Perth meeting your financial needs

Are You Confident That You’re Getting The Best Deal From Your Bank?

I Can Help You To Ensure That You Are.

My clients are business owners and investors who require more from their lender than one-size-fits-all advice.

I’ve been on both sides of the desk, working my way up the corporate ladder to a bank lending executive. I then moved to the other side of the desk as a business owner, property investor and now a Finance Broker.

About

Services

“I know how banks operate and I know what business owners and investors need.”

If you’re not getting the best deal from your bank, call me and let’s find out if we can make sure that you are.

Meet Our Lenders

About Ron Cole

Ron Cole Finance Broking

I arrange loans for any worthwhile purpose. Big and Small! Business Loans or Home Loans.

THE VOICE OF EXPERIENCE

I am a licenced Finance Broker based in Perth with many years of experience in business and personal banking.

I have been on both sides of the desk, as a senior manager with a major bank. As an investor, business owner and parent I understand the challenges of dealing with finances, at multiple millions of dollars or a few thousand. So I can meet your needs that align with your expectations and plans.

MORE THAN COOKER-CUTTER LENDING ADVICE

My clients come to me because they have found that call centre cookie-cutter loan advice isn’t adequate.

I will take the time to understand what your plans and objectives are for your success.

My knowledge and expertise can take the stress out of managing financial matters and ensures my clients have what they need to maximise every investment opportunity.

I deal directly with lenders on the clients’ behalf, conducting thorough research and providing comprehensive, well thought out recommendations.

My objective is to manage the loan process from interview to settlement and beyond.

Services

Financial Services

Are you getting the best deal from your bank or lender? A Finance Broker in Perth can help you find out.

WHY USE A FINANCE BROKER?

Finance Brokers are required by law to act impartially and have a mandate of responsible lending. Also, importantly to operate in the best interests of our clients. Banks and other lenders have no such best interest requirements.

Could it be time to break a bad habit?

We’re creatures of habit and many of us will use the same bank or lender for years or in some cases, most of our lives because it’s familiar and easy. Even if we are not getting a particularly good deal or particularly good service.

Should you settle for this?

“I welcome all people and businesses who wish to borrow money. I have specific business finance knowledge and can provide advice you can trust.

My expertise covers all forms of loans from small business and home loans to large development funding.”

– Ron Cole

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EXPECT A BETTER DEAL

Call centres and cookie-cutter financial advice may suit some people but it doesn’t suit the vast majority.

If you’re one of those people, then a finance broker may be the best option to help you make sure that you’re getting a good deal. Not only with the financial products you choose but with the advice you get on the way your loans are structured to meet your needs and maximise your return.

Business Finance

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Cashflow Finance

Applicable to most businesses, but more particularly businesses looking to grow and expand.

Lenders will be encouraged to assist if budgets and plans are provided.

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Debtor Finance

Ideal for businesses growing and experiencing cash shortage due to client growth.

Funding is possible for the business against client invoices.

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Consultancy

Review business financials as a start point to consider cost saving and income generating strategies.

My experience and knowledge as a business bank manager and 20+ years as a Finance Broker can be a valuable asset.

COMMERCIAL Finance

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Commercial Property Finance

Commercial property financing for businesses who would rather grow their asset position rather than pay “dead” money to a property owner.

Loan all up costs and favourable loan terms could mean loan repayments compare favourably to rental lease payments.

COMMERCIAL Finance

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Development Finance

Whether it is land subdivision or residential and commercial builds I can assist.

An understanding and correct and inclusive analysis is crucial. Important to work with all stakeholders and come alongside my clients to provide support.

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Self-Managed Super Fund Finance

Particularly for PAYG and business clients who have accrued reasonable superannuation investments. The focus is to diversify directly into the property market.

Loans can be arranged for residential investment or commercial property from where your business is trading.

MOTOR VEHICLE & PLANT & EQUIPMENT Finance

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Plant & equipment Finance

Rather than use cash funds to finance business equipment will allow cash surpluses that can be retained to increase business opportunities.

This form of finance can cover many and varied asset classes. E.g., shop fit outs, cool rooms, all types of plant and equipment, etc.

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Motor Vehicle Finance

Ideal for businesses with a fleet (even a very small fleet of one) that is an ongoing necessity for the business.

Funds the vehicles for say 4 to 6 years and replace/upgrade on an ongoing basis, thus retaining cash in the business for other growth opportunities.

RESIDENTIAL PROPERTY Finance

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Home Loans

Get out of the rental trap and purchase your own long-term asset. Equity growth in your home asset with no capital gains applicable will allow you to build a larger asset position.

Then as family and income grows why not upgrade your home with equity and savings. First Homeowners most welcome and there is some Government assistance for you.

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Investment Property Loans

Can use equity in present home loan to assist with purchase.

Not only generates income but hopefully capital growth and maybe some taxation benefits.

Additional Services

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MANAGING YOUR FINANCES

My first thought or question isn’t what financial products I can sell you, it’s whether the loan structure is in your best interests.

I will help with cost reduction strategies and provide information on government incentives which may apply to your business or personally.

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FINANCE BROKING

It is my objective to not just find a lender with products and rates to suit your needs, I will negotiate on your behalf to ensure you get the best deal and will follow up until all the loose ends are tied up.

I will come to you at a time that suits you and makes the process as simple and painless as possible.

BOOK AN OBLIGATION-FREE CONVERSATION

Arrange an informal discussion with me before you sign on the dotted line for finance for your next major purchase or investment.

Contact

FAQs

What does a Finance Broker do?

A Finance Broker is the conduit between you, the client and the proposed lender. The Broker must act on behalf of the client’s best interests first and foremost.

Responsible lending is paramount ensuring that the loan doesn’t cause any hardship and fulfills the client’s needs and objectives.

Do we have to meet in person and where do meetings take place?

I will meet anywhere, any time and any place that is convenient to my clients.

The Broker must act on behalf of the client’s best interests.

A substantial portion of basic information can be provided via email or online services, thus freeing up client valuable time to discuss desires, needs, plans, and develop strategies. This wherever possible is best to be a face-to-face discussion with all prospective borrowers in attendance.

How long does the process typically take?

Difficult to be definitive with a variety of lender capabilities.

It is important to ensure a finance clause on your contract can under most/all circumstances be met.

This is where a Finance Broker must use good judgement analysing the milestones needed to be met with the property or equipment purchase.

Some lenders have a very quick turnaround time for approval & others not so much. Preparation of documentation by lenders is generally very quick, 2 to 5 days.

Settlement can be maybe 14 days after all documents are executed correctly and returned to the bank.

Does a broker have lender favourites?

No, we have a panel of over 45 lenders and it is the Finance Broker’s role to act responsibly with the highest integrity and operate in the best interests of you, the customer, not the bank and certainly not me, the Broker.

What fees does a broker charge?

I do not charge any fees to the client for home loans or residential investment loans. The bank pays commissions for introductions, and the commissions are all much the same.

Business and commercial loans can involve a consultancy fee, depending on the services required and expertise provided. However, this is always disclosed and discussed and agreed to up front.

What information does the bank require?

Well, what colour socks do you wear? Unfortunately, in the environment of responsible lending ensuring the Broker establishes the best loan to meet client needs, I ,the Broker, am required to obtain relevant information for the loan application.

The more information I obtain, the more accurate and professional my recommendations will be.

Don’t worry what you need to provide, I, the Broker, am across lender requirements.

Do all brokers do all types of loans?

Generally, a Mortgage Broker will only do loans for personal home loans or residential investment loans.

A Finance Broker will have the expertise and experience to not only action consumer loans, but also all forms of business and commercial loans. A smaller number of brokers deal with development and SMSF loans.

Please note that Ron Cole Finance Broking can meet all financial needs.

What protections are in place for the customer?

There are several very important government authorities that ensure Brokers conduct business ethically, honestly, and responsibly. To name a few ASIC, APRA, Finance Ombudsman (AFCA) The Lenders, My Aggregator, and My Industry Association (MFAA).

Links

What educational qualifications are required of a Broker?

A Diploma or Certificate IV Finance Broking and ideally a Diploma in Finance Broking. Those new to the industry must be mentored for 2 years by an established Broker.

There is a requirement to complete at least 30 hours of professional development per annum.

USEFUL RESOURCES AND LINKS

Real Estate Perth

Property and Houses for Sale in Perth & WA – REIWA

Website

Domain.com.au

Real Estate & Properties
For Sale & Rent

Website

First Home Owner Grant

Website

Australian Government Guarantee Scheme

Website

Transfer duty

Website

National Consumer Credit Protection Act 2009

Website

Testimonials

“Your service was invaluable.
You should provide a service for people struggling to see the wood for the trees, like you did for me. It’s invaluable.

– Derek

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“Ron has provided excellent service and results.
I have been a customer of Ron’s for over 15 years during this time he has provided excellent service and results in both business and personal finance.”

– Steve

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“Ron has never let us down.

Over a number of years we have utilised the services of Ron Cole to assist with our finance requirements when we needed to make the difficult a reality and Ron has never let us down!”

– Mark

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