Frankston Debt Consolidation and Finance Broking

Start with the practical question, because trades and small operators ask it first. WeL’nd is at 1/3 Westside Avenue, Port Melbourne. You do not have to come to us. Almost everything runs by phone, video and secure upload, and calls can be taken early or late so you are not losing a day on site.

1. 01

   One phone call

   Twenty minutes. What is owed, to whom, and what is pressing. Nothing to prepare beforehand.

2. 02

   Documents once

   Bank statements, BAS history, an ATO account statement, financials if you have them, and identification.

3. 03

   A structure explained

   We tell you what we are proposing and why, including cost and risk, before anything is submitted.

4. 04

   We deal with the lender

   Payouts, solicitors and settlement handled, then a follow-up afterwards.

The one thing worth doing before that call is getting the payout figure rather than the balance on any short-term facility, because those two numbers are frequently different and the payout figure is what has to be funded.

Frankston functions as the commercial centre for the northern peninsula. The health precinct around the hospital is a major employer and supports a large allied health and medical services layer. Around it sits retail, hospitality, education and, most numerously, a large population of building and trade businesses working across the peninsula and the south-east.

• Sole trader and small company trades with vehicle and tool finance
• Building and renovation contractors exposed to progress payments and variations
• Allied health and small medical practices with fit-out and equipment finance
• Retail and hospitality operators with personally guaranteed leases

The peninsula's seasonal economy sits behind a good deal of this. Hospitality, tourism and holiday-home trades run hard through summer and quietly through winter, and businesses that serve them inherit the same shape one step removed. Documented across a couple of years it reads as a pattern; presented as a single quiet quarter it reads as decline.

In a small-operator economy the line between the business and the household is thin. Personal credit cards get used for materials. A personal loan covers a ute. A business shortfall gets funded from the mortgage offset. By the time someone calls us, the debts do not sort neatly into two columns and neither does the stress.

That is normal and it is workable. The first job is a single list covering everything, personal and business, with payout figures rather than balances. Very often the picture is better than the person expects, because they have never seen it in one place.

It also means the conversation has to include the household, not just the business. A repayment that the company can service on paper is not much use if the family budget cannot survive the month it falls due in.