Grant Thornton Australia

During the Global Financial Crisis we saw a tightening of liquidity from traditional sources - which took a period of nearly five years to bounce back. As Australia enters into recession, the banks are still extending credit to existing clients, but their appetite for new customers has already dwindled. To survive and thrive through this period, cash is king. When the big banks pull back, non-bank lenders and alternate debt providers such as Credit Funds and Family Offices could provide that all important bridge. Paul Gooley, National Head of Corporate Finance, and Cyrus Church, Director of Neu Capital sat down to discuss why now is an important time to shore up your balance sheet. There's liquidity in the marketplace if you know where to look and how to access it.