Financial Services - Perth, Western Australia, Australia
Buzz has identified a unique market niche in supplying wholesale finance to a sector of the market that struggles to obtain finance due to conservative bank lending criteria - used vehicle dealerships.Unlike traditional funders that only look at bricks and mortar, Buzz understands that Dealerships have the majority of their capital tied up in trading stock. Buzz has created a unique funding model in the industry that allows it to value the Dealership's stock at wholesale prices and for the Dealership to pledge that stock as security to fund further purchases, but with margins that limit risk.It is the margin structure, combined with unique security features, that make the Buzz funding model unique.
Amazon AWS