Specialist finance provider, Kooyong Group, becomes Avant Financial Services

Doctor, dentist and veterinarian finance specialist Kooyong Group has become Avant Financial Services, a division of Avant Mutual, having been a part of the Financial Services specialty area of Avant for several years.

Avant Financial Services provides doctors, dentists and vets with the most extensive range of finance solutions under the leadership of industry veteran, Paul Freeman.

Avant Financial Services continues to provide exceptional service and the most extensive range of finance solutions, which now includes an expanded practice finance product suite of equipment loans, car loans and commercial property finance.

As CEO of Avant Financial Services, Mr Freeman brings more than three decades of financial services and medical lending experience to the business.

Mr Freeman said, "The many years that doctors, dentists and vets spend in training and the complexity of modern practice often requires a specialist funding partner.

"Kooyong had a track record of saving doctors, dentists and vets time and money by understanding what lenders require, doctors' unique income streams, career journeys and most importantly, credit character, which can make the process of financing a home, investment property, motor vehicle, medical equipment or practice quicker and easier.

"We will continue this service commitment under the Avant Financial Services brand, allowing time-poor specialists to secure finance solutions that are tailored to their needs."

Avant Financial Services expands finance solutions

In addition to offering brokered practice finance solutions, Avant Financial Services now are providing doctors access to new practice finance products including business equipment, motor vehicles and commercial property loans under the Avant brand.

Mr Freeman said, "The launch of these products, coupled with Avant's ability to broker loans with strategic lending partners, means Avant Financial Services gives doctors the most extensive range of finance options available from a single medical finance provider. Plus, Avant's heritage and mutuality provide the Financial Services team the significant point of differentiation amongst the lending market in being the only finance provider who use doctors' money to finance doctors' practice growth, with profits going back to the membership."

Significant investment in technology

Across Avant's practice finance products, the business equipment loan is designed for the purchase of practice equipment and motor vehicles and provides funding for up to $250,000 without financials, under a fast-track approval process.

Mr Freeman said, "Avant Financial Services is not weighed down by legacy systems, which has allowed us to rapidly adopt new technologies that significantly streamline our processes, while always keeping the client experience front of mind.

"Doctors, dentists and vets are busy seeing patients and don't have time for paperwork. Our investment in technology allows doctors to secure the funding they need quickly and seamlessly.

"Avant Financial Services are commited to meeting the finance needs of doctors. We have a new name, but our dedication to delivering outstanding service to doctors remains at the heart of what we do, and we are excited about the opportunities that lie ahead with Avant," concluded Mr Freeman.