With the right business finance solution, Matters of Taste Cooking School was able to purchase a new commercial property and grow its business.
Matters of Taste is a Perth cooking school teaching individuals, corporate groups and kids to feel confident, inspired and excited about cooking. The successful cooking school was established 20 years ago, operating out of premises in Bicton.
The business owners approached their regular bank to fund the new commercial property. However, their bank was unable to assist them due to previously structured financial reporting. The owners had recently changed accounting firms and had a new financial structure which was more tax effective. Furthermore the bank was reluctant to place weight on forecasts which more appropriately reflected the ongoing position of the business.
The business owners were referred to Michael Cane at Westminster National. Michael worked with the owner, their accountant and an experienced banker to fully and better understand the financial data and risks. Westminster National presented the position to a new bank, which took the time to understand the transaction and the business, and completed a more detailed forward looking risk assessment.
As a result, Matters of Taste received the finance they needed to purchase their new premises. Matters of Taste has recently re-opened in its new premises and continues to grow from strength to strength!
Different lenders have different risk policies and approaches to assessing applications for business finance. Levels of experience and service also varies between individual bankers. So, in order to find you the right Lender for your business, it’s essential to have a finance broker that understands your needs as well as the individual requirements of each lender.
Win a private corporate cooking class!
To help celebrate the opening of Matters of Taste in their new premises in Mount Pleasant, Westminster National is offering the chance for you to win a private corporate cooking class for 12 people valued at $1,560!
Let us review your business or personal financing needs. Any client that makes a new loan application between 26 October 2017 and 1 February 2018 will automatically be entered into our prize draw. Terms and conditions apply*.
The cooking class will be held at Matters of Taste in Mount Pleasant, WA. The winner can choose from range of private corporate classes. Visit www.mattersoftaste.com.au for more information on classes available. But don’t worry, if you’re one of our many Eastern States clients, we’ll provide an alternative prize of similar value in your city.
Book a free consultation now. Call and speak with one of our finance experts.
*Terms & conditions: The prize draw commences on 26 October 2017 and closes at noon on 1 February 2018. Westminster National clients who make a new loan application for equipment, property or business finance are eligible and will be automatically entered into the prize draw. Westminster National will notify the winner by phone and/or email. The private cooking class is for up to 12 people and will be conducted at Matters of Taste at The Precinct, G03/19 Ogilvie Road, Mount Pleasant WA. The winner can select from a range of private corporate events. Booking needs to be made with Matters of Taste directly. An alternative prize of similar value will be be offered if the winner is not based in WA. The winner consents to having their photo taken and published on Westminster National’s Facebook Page.