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19/02/18
21:11
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Originally posted by Thanky
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Hey Musky, copied from the AFR article:
"They call small businesses around the country and among their offerings is a promotional video shoot sponsored by Finstro, a subsidiary of FC Capital. In return they agree to have an account set up, that includes a $15,000 cash advance facility.
Small business reviews
The Financial Review has called several small businesses that appear on the Big Review TV channel and found few that had signed up for the full $12,000 package financed by Finstro.
Customers either agreed to pay lower amounts via regular direct debit payments from their bank account or said they agreed to be filmed for free."
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Little confusing but essentially if a SME takes up the Finstro financing they get a free promotional video. This sounds like it's linked to the 'Sponsorship Agreement' in some way.
The article then says they found few that had signed up to the Finstro package, I presume that's the same one as the $15k one even though it says $12k. Most customers direct debit or were filmed for free. No info on how many were paying vs free customers, shame he isn't a clearer communicator.
Putting that aside, the USA is growing fast and there's no finance there.
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Yes, but what proportion of the customers would be on that deal as opposed to the video marketing packages? I’d suggest a small proportion. The talk is as though it’s 100% of customers.