GAIF continues to see more creditworthy deals than it can currently fund. The recent Australian Banking Royal Commission has led to Australian banks tightening their lending criteria. This has resulted in high grade businesses seeking funding for their business equipment from other funding sources such as GAIF. As a result GAIF expects to maintain or improve its unblemished monthly positive returns for the forseeable future. Currently GAIF has an annualised net return of 8.06%. In April 2019 GAIF financed 11 new loans and had 3 existing loans mature which left a total of 46 loans outstanding. The new loans were for terms between 36 months and 48 months. The equipment financed included transport, farming, catering and auto repair equipment. GAIF now has Institutional and Non¬ Institutional investors and the monthly newsletter will report both Net Asset Values when available.
STRONG APPLICATIONS FOR FUNDING
Mar 23, 2022