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MoneyQuest Balwyn Records Mega $120 Million Month

Melbourne mortgage broker franchise, MoneyQuest Balwyn, has achieved a record-breaking total of $119,144,867 in paid settlements for the month of January. This significant value of almost $120 million is the highest monthly settlement amount that any MoneyQuest franchise has secured in the network’s history. The loan figure included a mix of home loans and one particularly substantial transaction for an e-commerce business that involved a core debt facility and a working capital facility.

MoneyQuest Balwyn franchise owners Scott Seng and Matthew Chik, who joined MoneyQuest in 2017, were thrilled with the outstanding result, attributing their success to their ability to form strong relationships with lenders, funders and clients, as well as their knowledge of the corporate and commercial debt space.

“To achieve close to $120 million in settlements in one month is incredibly exciting for our team. We have worked very hard to build an extensive network of contacts within the lending industry, and have focused our energy on nurturing our business client relationships. The fact that our hard work has paid off in this way is extremely satisfying,” Mr. Seng said.

MoneyQuest Australia Managing Director, Michael Russell, lauded Mr. Seng and Mr. Chik for their strong work ethic and dedication, which has culminated in this impressive result.

“Scott and Matt have a wealth of experience in the commercial lending space, and these fantastic results are very well deserved,” Mr. Russell said.

MoneyQuest Balwyn was also the first franchise within the MoneyQuest group to participate in the brokerage’s innovative graduate program, which was launched last year. Mr. Seng and Mr. Chik welcomed University of Melbourne graduate Henry Nguyen to their business in October, 2021.

“Henry has been an extremely valuable addition to our business. He is receptive to our training and guidance, he is hardworking and eager to learn, and most importantly, he comes to work each day with the right attitude,” Mr. Chik said.

*To read the media coverage of this significant achievement, go to The Adviser website, or Australian Broker online.

Disclaimer:

This article is written to provide a summary and general overview of the subject matter covered for your information only. Every effort has been made to ensure the information in the article is current, accurate and reliable. This article has been prepared without taking into account your objectives, personal circumstances, financial situation or needs. You should consider whether it is appropriate for your circumstances. You should seek your own independent legal, financial and taxation advice before acting or relying on any of the content contained in the articles and review any relevant Product Disclosure Statement (PDS), Terms and Conditions (T&C) or Financial Services Guide (FSG).

Please consult your financial advisor, solicitor or accountant before acting on information contained in this publication.

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