They have been talking about a new wholesale facility for 3...

They have been talking about a new wholesale facility for 3 years and it hasn't happened yet.

https://hotcopper.com.au/threads/ann-propell-increases-wholesale-facility-reduces-cost-of-funds.6693254/

• Interest revenue between FY23 and FY24 was down over 30%
• The finance costs are currently exceeding the customer revenue.
• The balance sheet is $5.6m in deficit
• Current borrowings are about $9.7m with loans receivable just $6.3m. Over a $3m hole.
• Average loan size is $93k so they have less than 100 customers. I reckon about $7m loaned out for 93k each so no more than 78 customers.

It is not compelling to give them access to more funds.