The collaboration enables TaxAssist Accountants the ability to offer sole traders and SME’s, many of who may have previously found their options limited, funding to help with business expansion, cash flow, asset purchase etc. Through this alliance, both new and established business owners will have access to Swoop’s curated network of direct lenders, chosen specifically to deliver tailored financing options to SMEs.
This is shaping up to be a challenging year for many businesses, with many struggling to access finance, so TaxAssist Accountants are thrilled to be utilising financial technology to provide access to innovative and alternative funding options via this partnership with Swoop Funding.
TaxAssist Accountants provide cost effective accounting and business advisory services to local businesses, and ensure Swoop Funding has the financial reports required by lenders to facilitate efficient and successful lending solutions.
Mandy Sigaloff, Managing Director of TaxAssist Accountants commented "Many small businesses in our communities are finding this year tough. It is crucial, now more than ever, to support these businesses by facilitating swift and straightforward access to finance. By doing this, we can safeguard the enterprise that is key to our communities. We are thrilled to provide Swoop's innovative funding tool to facilitate this."
With the latest statistics indicating that fewer than 50% of businesses are accessing the loans needed, it becomes crucial for organisations that work closely with these local businesses, like TaxAssist Accountants, to tackle and address the challenges when looking for funding. This new tool, powered by one of Australia’s most admired fintechs, Swoop Funding, matches businesses with funding options from over 100 providers.
Addressing the partnership, Cynthia De Vera, Swoop’s Head of Country, remarked: “This latest collaboration aligns with Swoop’s dedication to supporting SMEs in Australia to enhance their business performance. By offering tailored working capital solutions that meet the unique needs of each SME, our aim is to ensure these businesses are well-positioned for success in their post-COVID-19 recovery journey. Swoop recognises the individuality of each business; therefore, we approach each deal on a case-by-case basis, providing bespoke solutions to secure long-term benefits for the business owner.”
Swoop is committed to providing simple, secure and speedy access to the right finance solution to small business owners complimenting TaxAssist Accountants aggressive growth strategy to support and develop profitable and sustainable businesses in Australia’s local business communities.
April 2024
