Nicole's story

Financing solution for an innovative start up.

This month's client story is from a successful business owner who is expanding her business of 20 years with a new start-up project called Musolingo. Nicole was referred to Finance Logic after exhausting all other avenues for seed funding, we worked together to come up with a responsible loan exit plan to ensure the funding is sustainable. I'm so thrilled to have helped this innovative business take off.

"I have been working on a new start up project, Musolingo for the best part of this year, and I really needed some funds to help build the prototype of my new product.

Raising capital through startup or seed investors has been quite a challenge this year with the current financial climate and US election creating considerable instability, as well as incubators wanting to take substantial chunks of my equity in return for funds.

Recently my investment property value in Brisbane escalated quite quickly after settling from off the plan only a year ago, with an apartment below mine being sold for almost double what I paid for it, and so I would have to sell in order to help fund the business.

Considering a second mortgage was the most practical and sustainable way to obtain timely funding without giving away equity in my existing business, and also without selling my investment property - which would have taken a lot longer to reach settlement as well.

Thanks to Tim, I am now able to start developing my prototype this year and be able to hit my target of MVP by early next year, launching into the US and Latin American market.

His hard work and dedication to my business was just amazing, I am so excited, grateful and I can't thank him enough!"

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