Bank of Queensland has recently appointed a Debtor Finance specialist to meet demand in Central and Far North Queensland.

BOQ’s new debtor finance specialist, Bruce Meredith, who has 20 years’ experience in the industry, said Queensland’s mining boom was driving growth in this area.

“All the mine suppliers – labour hire, engineering, steel – are going through the roof, and some are finding it difficult to fund this growth.

“And that’s where I come in.  Debtor Finance can help fund growth in those industries without the business owners having to put up their own real estate.

“From Gladstone to Cairns to Mount Isa, the whole area is being affected.  The growth we’ve seen over the past 12 months is the strongest I’ve seen in the 20 years I’ve been working in debtor finance.”

Regional Manager Kevin Ryan said Mr Meredith’s addition to the team meant the Bank had an extremely competitive business banking offering for Central and Northern Queensland.

“With Bruce joining the team, we can now offer our customers business banking, equipment finance and debtor finance expertise, combined with our trademark personalised service.

“I would really encourage any local businesses who aren’t 100% happy with their banking arrangements to give us a call.  We might surprise you!”