AFN Corporate Finance Pty Ltd (AFNCF) has been helping our SME clients since 2004. Our knowledge and practical experience have been gained from hands-on, coal face & high-level management experience across a range of industries dating from the early 1980s to the present day. We've started and built our own businesses from scratch. In the late 80's /early 90s along with a small group of like-minded companies, we helped forever change the Australian mortgage and business finance industries.
We've helped build businesses for others, from startups to public companies, helped turn loss making subsidiaries into highly profitable operations, turned waste stream expense into new revenue opportunities, bought and sold businesses for a public company, advised banks, finance companies and industry associations. Over the last 40 years we've worked with over 2,000 clients ranging from one-man startups, professional practices and public companies, helping them to buy, finance, build and sell businesses. We've shared the joys of the good times - and we've also shared the pain and been there for our clients when times were really tough.
What we do
We work with you, and your other advisers, to solve the problems of the past, consolidate the present and help you to build a better and more profitable business.
How we can help you...
With more than 40 years of experience in lending and business finance credit assessment our objective is to achieve a "first pass" credit approval for our clients, for the right facility(s), at the right price, with the right lender, and settle within the time frame required. Post settlement we can also assist with the financier/ client relationship.
We can access a wide range of business finance solutions, provided by a panel of more than 50 lenders, including major banks, second tier banks, specialist business finance providers, trade finance specialists, vehicle & equipment financiers, fintech, and non-institutional lenders.
Good finance is more than just a cheap interest rate. It's also matching your needs with the structure of the product, the credit process & security requirements, structure and frequency of repayments to achieve a facility that works for you - as well as the lender!
Equally important is the time frame required to approve, document and settle the transaction, and the post settlement relationship with the lender. A "great" facility that misses settlement date is a disaster.
The finance process often identifies other issues, or areas where sometimes small improvements in processes may result in thousands of dollars on the bottom line at the end of the year or add significantly to the value of your business.
We will work with your current advisers to help you achieve your goals.
Doug McClelland - CEO
With 40 years' experience in corporate finance as a senior lender and broker principal, and 30 plus years as principal of two residential & commercial mortgage management firms Doug has been involved at the forefront of change in the finance industry since 1983.
Prior to becoming a broker in 1987 Doug was the State Manager of Perpetual Finance in South Australia and was previously General Manager Property & Finance for MS McLeod Ltd, a major South Australian listed company with over 1500 employees. In that role he had 22 direct & 73 indirect reports and was responsible for
Acquisitions, joint ventures and development projects
Treasury and corporate finance
Operation and profitability of the subsidiary finance company
A national portfolio of 125 commercial properties
John Coulson - external Consultant
Principal of Coulson Management Consultants (14 years), John is a qualified accountant, & holds an MBA. Following employment with the Metropolitan Transit Authority, he worked with Touche Ross and KPMG Consultants, and for a period of 10 years he was the Partner in charge of the consulting division of HLB Mann Judd.
John has assisted over 100 companies to undertake strategic planning and helped many of these to access significant federal & state government grants.
John's 40+ years of consulting has included growth & repositioning strategies, business planning, activity-based costing, financial & market analysis, performance management financial improvement planning & management training.
Our fee structure.
We will quote fees for individual transactions on a per case basis in our Terms of Appointment considering the urgency, complexity and size of the transaction.
An engagement fee of $750+GST is charged for all new to firm clients.
We will also offset any brokerage received against the fee charged.
Not all lenders pay upfront commission to brokers, and not all transactions pay a scale of brokerage that is reflective of the work involved. For example, the work involved in the submission for an overdraft facility is the same as (often more than) that involved in a term loan - but the brokerage commission is far less.
Trail commissions are frequently paid in relation to term loans and are effectively a post settlement servicing fee paid by the lender. We don't charge our existing clients ongoing fees for advice post settlement or engagement fees for subsequent transactions.
Consulting Fees - Business Advisory & Finance
Quoted in writing on a case-by-case basis.
Australian Credit Licence No. 388858
Member number 3145 of the Finance Brokers Association of Australia (FBAA).
Professional Indemnity Insurance
AFNCF holds professional indemnity insurance in accordance with FBAA and lender requirements.
External Dispute Resolution Scheme
AFNCF is a member of the Australian Financial Complaints Authority (ACFA).
If an issue in relation to any financial product or advice has not been resolved to your satisfaction, you can lodge a complaint with the Australian Financial Complaints Authority, or AFCA. AFCA provides fair and independent financial services complaint resolution that is free to consumers.