Why AFN Corporate Finance?
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 change forever 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...
Finance
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.
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.
Business advisory
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 plus years' experience in corporate finance as a senior lender, broker principal, and principal of two national residential & commercial mortgage management firms Doug has been involved at the forefront of change in the finance industry since 1983.
AFN Group of Companies - Established in 1998 - Based in Melbourne. Mortgage managers and commercial finance brokers. Employed 16 staff and established strategic alliances with approx., 70 accounting and financial planning firms nationally.
Post GFC the focus is now purely commercial / business finance advice and broking with an emphasis on professional practice finance.
1988 - 1998 Finance Lease & Mortgage Services Pty Ltd (Director & 25% shareholder). Established as a commercial finance brokerage and consultancy, FLM quickly established a reputation for quality advice & service and our clients included two banks, the REI of SA, 3 major business sales agencies, & a vehicle fleet leasing company, as well a large number of SMEs. In 1992, the company was accredited as a Mortgage Originator / Manager for a number of wholesale commercial mortgage funding programmes, and 1994 become one of the pioneers in non-bank residential mortgage funding.
1985-87 State Manager (SA) Perpetual Finance Ltd - oversaw the establishment of the equipment & commercial finance arm of the R & I Bank of WA (later Bankwest) in South Australia.
1983 - 85 General Manager Property & Finance for MS McLeod Ltd, a major South Australian listed company with over 1500 employees. 22 direct & 73 indirect reports and was responsible for
- Acquisitions, joint ventures and development projects - up to $10m ($1985 value)
- Treasury / money market ($50m) and corporate finance
- Operation and profitability of the subsidiary finance company - transformed from a marginally profitable consumer lender into a highly profitable niche development financier
- A national portfolio of 125 commercial properties - including several major properties in the Adelaide CBD.
Our fee structure.
Finance transactions
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
Professional Associations
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.