Melbourne, VIC – A finance broking and property development firm based in Melbourne, Ace Capital (online at AceCapital.com.au), is now assisting small business startups in accessing the financing they need in order to start operations. The firm, which also offers financial assistance for mortgages and property development, says it wants to help startups get off the ground, and this can only happen by easing access to capital.
“Capital is the biggest obstacle for small business startups,” says Aaron Chong, manager at Ace Capital. “While larger companies and corporations have investors and shareholding to help with the financing, small business owners have nobody. Most of these small business owners have no savings and no business assets. And without either of those two, external financing is required. What we want to do at Ace Capital is to help such prospective business owners find the money to breathe life into their new business ideas. So, in essence, we are going to be partnering temporarily with these small businesses as we seek the best financing options and lenders in the market.”
Aaron Chong further explains that the move by Ace Capital to work with startups has long been in the planning. Thousands of businesses are started every year, so the market is huge and there’s a lot of demand for startup financing. This means that the finance broker will not only be filling a very large gap in the market, it will also be tapping into a very wide pool of potential clients. The move is undoubtedly going to be well-received by start-up as well as entrepreneurs across Melbourne and beyond.
For a startup to get financial assistance from Ace Capital, they have to make an application. Financial evaluations and assessments by the firm are free and can be initiated via calls or through the firm’s site. Once qualified for the process, the firm’s representative will reach out to the business owners and take them through the process. This entails evaluating how much capital is needed, looking for potential collateral to create a line of credit, discussing repayment periods, acceptable interest rates, and more. Once this is done, the broker firm negotiates for funding from lenders on behalf of the start-up.
Small businesses play a huge role in the economy by creating employment opportunities, cheap goods, and services and by generating revenue to the state and country. The initiative by Ace Capital to help with start-up loans will, therefore, go a long way.
About the company
10/305-313 La Trobe St
Melbourne, VIC 3000
Company Name: Ace Capital
Contact Person: Aaron Chong
Address:10/305-313 La Trobe St Melbourne VIC 3000