Insights from Northern Rivers Lending Specialist, David Seymour (Part 2)

Following our February article read why, when it comes to loan applications, David is ready to ask the right questions.

David Seymour"For anyone self-employed you need to run your business and take a wage to service your debts – is there sustainable income or industry change ahead that affects your ability to secure the finance you need?"

David's due diligence includes reviewing the financial statements and clients' needs analysis to understand the needs that the applicant is seeking and how he can match those with a suite of products from different lenders. 

"At times I need to play the devil's advocate to help achieve the end goal in the most effective way and eliminate as many questions as possible regarding an application," says David. "I like to see the finished result by making sure something can happen, or offering another solution rather than hanging and hoping for the best."

David feels that the change in credit appetite by lenders will make things harder.
"Understanding your living costs, making sure those are reflected on paper and being prepared to make lifestyle or spending changes to service a loan not only helps being approved for finance, but also keeps your head above water."

David is an active member of our community and fundraiser.
As dedicated assistant coach of Ballina Seagulls U18s it's all about instilling teamwork, discipline and having fun on and off the field. And, at the end of 2018, David and his fellow Our Kids Golf Day founders raised another $12,000 to purchase paediatric equipment for Lismore Hospital. Since they started in 2005, the event has raised a staggering $175,000!

"It seemed ludicrous to us that if a bub was born or transferred to Lismore Hospital, there were only three humidicribs and the next bub in need of a humidicrib would most likely be flown to the Gold Coast for emergency treatment. This only caused more upset and stress, so we decided that raising funds to buy extra equipment would be a good cause," says David.

"Our Kids fundraising group nominates one piece of equipment they need for the year and we raise the money to buy it. The golf day is enthusiastically supported by businesses through thick and thin – even when there was major flooding in 2017, Lismore still turned out to support the kids!"

"Thanks to the Our Kids Golf Day and our supporters, Our Kids has been able to purchase a dozen pieces of equipment over the years including more humidicribs, a resuscitation table, jaundice blankets and phototherapy lights. We look forward to the golf day every year as we've been doing it for so long and everyone has great fun – there's even a waiting list as it's such a tremendous day!"

It's very much a part of who David is and his overall approach to work and life.
David operates from Collins Hume's Ballina office every Monday, Tuesday and Friday or he can schedule a meeting at your premises around your hours or even on a weekend if necessary. Call David on 0418 785 747. Connect with David to see his areas of expertise.

David Seymour is an Authorised Credit Representative No 477331 of Regional Finance Solutions Pty Ltd ABN 71163893945 Aust Credit License 484980. He has a Dip Fin Management & Business Management and a Cert IV Management & Business Management. He is also a Justice of the Peace.