BOQ has policies tailored to support small business clients, and we have made a number of changes to make it even more attractive for your clients. BOQ Specialist is a full-service bank, with over 30 years' experience, offering a broad range of personal and business products and services for medical, dental and veterinary professionals. Some examples include Accounting policy, BOQ Specialist offers tailored products specifically for accountants. Accounting case study: Existing accountant at a 6-partner firm was offered a 10% stake in the business with a purchase price of $950,000. Clients owned a residential property mortgaged to 90% with no equity available. The existing lender was able to assist but required the business to guarantee the debt, and the PPR tied in as secondary security. BOQ was able to lend the client $950,000 secured against his personal guarantee and the value of shares to be purchased, excluding the accounting practice and residential property. Simultaneously, BOQ refinanced the clients PPR up to 90% (no LMI).
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