Grow announces new WA BDM appointment
Leading non-bank business lender, Grow Finance (Grow) announces the appointment of Victoria Graves in the position of Partner, to lead the new business development efforts across Western Australia. Ms. Graves will be responsible for supporting brokers to deliver asset finance and working capital solutions to SMEs on the western seaboard, including business loans, asset, trade, invoice, floorplan, and insurance premium funding.
Ms. Graves’ addition is part of the Group’s progressive sales team expansion required to sustain aggressive growth targets. “Grow recently implemented a team restructure to manage increased deal flow, improve service levels, and ensure brokers are well supported. We have also appointed 4 new Account Managers to assist our growing BDM network. The Account Managers will work alongside the BDMs to ensure smooth deal flow from start to finish,” said Mr. David Verschoor, Co-CEO, Grow.
Co-CEO, Mr. Greg Woszczalski, concurred “We’re delighted to have Victoria on board to extend our reach and actively help brokers deliver more commercial funding solutions to SME clients. Victoria has extensive BDM experience and has a successful track record in sales, marketing, and relationship management. Importantly, she understands the nuances of the West Australian market compared to other states. Evan Yii, a dedicated Account Manager, has also been brought on to support Victoria’s activity.”
When asked why Victoria chose to accept the position, Ms. Graves said, “I’m interested in high-growth, dynamic companies. There’s tremendous potential in WA, and I’m looking forward to contributing to the company’s aggressive targets. I also appreciate that Grow is exploring green finance alternatives, and that my announcement coincides with their latest initiative, where the company will plant a tree for every loan written throughout May.”
Originally from the UK, Ms. Graves has ten years of legal experience, practising law in WA and NSW, before moving into strategic advisory and business development roles in law and finance. She is renowned for her strategic advice, óut-of-the-box-thinking, and exceptional client service.
Grow was recognised as the #1 fastest-growing company in the 2021 AFR Fast 100! and was recently received the # 1 Australian and #8 Asia-Pacific high-growth company in the 2022 Financial Times: Asia-Pacific high-growth ranking. The Group actively responds to current and emerging market demand with sharply priced new generation product enhancements, product extensions, and new products (single and blended).
Recent product announcements include a new low doc balloon refinance facility for Tier 1 assets that enables SMEs to access up to $150,000 to refinance balloon payments on cars, vans or utes for up to five years with minimal financial information (fully amortising and available to property and non-property owners; doesn’t require bank statements or onsite valuations for standard assets). In addition, Grow’s extended its business loan to include primary agriculture to support the sustained sector demand for alternative working capital products to boost growth. The Group has also increased its Tier 3/Specialised Asset Low Doc product limits from $75,000 to $150,000 and increased limits from $150,000 to $250,000 on its Easy Doc product. The Low Doc (no financials) and Easy Doc (bank statements) limit extensions apply to new and used assets. These enhancements meet the demand for used assets to offset supply chain disruption.
