Book on Business Borrowing
Book on Business Borrowing

Book on Business Borrowing

One day an IT expert phoned me just after I had spoken to a farmer whose total crop proceeds had been seized by the bank. The IT expert had a similar problem with business borrowing. The bank froze the account, after a large deposit had been made into it. The bank’s receiver took it all.” For this reason, “The Winning Borrower”, is the story of how one Sydney Chartered Accountant with a business, farming and professional background became a business debt consultant. He took on the big banks to save borrowing businesses all over Australia from foreclosure.

Baseball bats to battle business borrowing issues

In the process of negotiations, mediations and refinancing, he discovered the disturbing details of how banks lied, cheated and trapped the business owners in debt they could not clear without selling their mortgaged properties. The author relates how untrustworthy banks have exploited customers since de-regulation in their quest for multi-billion-dollar profits. He takes a metaphorical baseball bat to the bankers to knock sense into their heads. Furthermore, some of his farmer clients ended up making more profit out of their loan settlements than out of their business.

Royal Commission investigates bank loan problems

The Prime Minister announced that there would definitely not be a Royal Commission into the banking industry. That day, the author sent a Votergram to each one of the 225 Federal MPs decrying the decision. The government reversed the decision within days and and announced the Royal Commission.

Furthermore, the ebook is free to business borrowers during March

“The Winning Borrower” e-book by this businessman, farmer, Chartered Accountant and CPA , who became a business debt consultant by accident. The ebook is FREE in March to help business borrowers all over Australia enjoy a profitable and secure business.

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