^[redacted]‌ - tagging a few searchers in Australia to get the ball rolling for you. You can also find Searchers in Australia under the Directory Icon on the top and left side of this page. Here is the direct link: www.searchfunder.com/user/list/searcher

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Hey Hugh,

I recently spoke to a Judo Bank, which is not one of the majors. Happy to share my experience with you if it helps. Send me a message [redacted]

Super interested in this question. I haven't raised search capital yet, but from discussions with investors and fund managers it seems the access to debt here in Oz is not as open as in US or EU markets. Interested if anyone has managed to secure a substantial (~50% of purchase price) asset backed loan from any lender, or if there is a requirement to lean more heavily on Seller notes.

^[redacted]‌ ^[redacted]‌ Please feel free to send me a message to arrange a time for a call [redacted] I can provide you an overview of the Australian debt market (both mainstream and private) - access to debt, in the main, is driven by the quantum of debt you are seeking and how you, as a credit risk, stack against the 5Cs of Credit

Working with a couple now. Happy to share my experience Hugh.

In Australia (and NZ) you could try Scottish Pacific for e.g. trade debtor finance and inventory finance. Will give you a turn or two which may get towards 50% of the sale. It is secured with a GSA over the business and no personal guarantees. I think FC Capital is also an option but have yet to deal with them myself.

Thank you both. Super helpful.

Thanks Bruce, that's very helpful.