Manager of managers firm MLC is launching a loan package for financial planning firms in partnership...
Manager of managers firm MLC is launching a loan package for financial planning firms in partnership with sister company Clydesdale Bank. The package, called the MLC Strategic Partner Funding Program, bases lending against an advisory firm's cashflow stream, as opposed to the traditional method of security over assets. MLC and Clydesdale Bank are both members of the National Australia Bank Group. The loan facility will provide financial planning firms with the opportunity to borrow money to fund expansion either by a management buyout or acquisition. Loans will be underwritten by Clydes...
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