Patrick, the current owner of a mortgage broking business, wanted to step back from the day-to-day operations but still remain involved as a contractor due to his love for client engagement. As it is a family business, he wanted to keep it in the family but also reward a long-term employee. So Patrick offered Tabitha (his daughter) and Matt (employee) 50% equity each, to acquire the business and become the new joint directors.



Tabitha and Matt chose to take up AMP’s Business Finance Loan for several reasons:

✔  They were both able to utilise current and future ongoing reoccurring revenue to service the loan, therefore not having to register a mortgage over their homes or other personal assets.
✔  AMP provided the flexibility with their loan terms, allowing them to bring down their monthly repayments.
✔  Their Relationship Manager, Sonia Flower, was highly responsive who provided, support and education throughout the loan process.

This collaborative approach made them feel like a team, working together on their business strategy.

In summary

Patrick has successfully implemented his succession plan strategy via AMP’s Business Finance Loan facility. Importantly, Patrick’s daughter, Tabitha, and his other key employee, Matt, are now joint owners of the business and have the confidence and assurance to build up their mortgage broking business whilst maintaining their personal financial stability.

Other case studies


The benefits of changing your business finance lender to renegotiate business loans and help shareholders.

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The benefits of taking a Business Finance Loan without leveraging personal assets

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Contact your Business Finance Relationship Manager

If you’re ready to take the next step, or even if you just want to learn more about what might be involved in taking the next step, contact one of AMP’s Business Finance Relationship Managers today.