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Renown Lending Calls for Stronger Support for South Australian Small Businesses and Builders, Commits $250 Million in Private Capital to Back the State's Economic Backbone

Renown Lending

Key Facts:

• $250 million in private capital committed by Renown Lending to support South Australian small businesses and builders.

• Initiative led by Founder Kalpi Prasad and General Manager Mitchell Chadevski.

• Capital supports asset-backed lending, construction finance, cash-flow lending, equipment finance, and short-term property-secured loans.

• Funding designed to help businesses facing tightening bank credit, project delays, and increased operating costs.

• South Australia’s small business and construction sectors are experiencing significant strain, contributing to rising insolvencies.

• Renown Lending is calling for private investors to step up and reinvest in local enterprises.

• Focus on fast, flexible, ethical lending to ensure builders, tradies, and business owners can continue operating and growing.

• Renown Lending operates across Australia, with a strong commitment to supporting South Australian economic resilience.

Adelaide, South Australia — [Date]
South Australia’s small business and building sectors are facing one of the most challenging environments in recent memory. Rising operating costs, tightening credit conditions, and delayed project payments are placing unprecedented pressure on the very businesses that keep the state’s economy moving. Today, Renown Lending has issued a call to action: it is time for private investors to stand behind local businesses — not just in words, but in capital.

In a decisive move to stabilise and stimulate the South Australian economy, General Manager Mitchell Chadevski and Founder Kalpi Prasad have jointly committed $250 million in private capital to support struggling small businesses and empower South Australian builders, tradies, and construction SMEs to survive, recover, and grow.

This funding will support property-backed short-term finance, construction loans, cash-flow support, equipment lending, and bridging facilities — all designed to help operators who are too often overlooked or delayed by traditional lenders.

“Small businesses and builders are the backbone of this state. Without them, nothing gets built, nothing gets repaired, and nothing moves,” said General Manager Mitchell Chadevski. “Our commitment is not just financial — it’s a statement that South Australian businesses deserve real backing, real urgency, and real partners who believe in them.”

Founder Kalpi Prasad, who has built Renown Lending into one of Australia’s most trusted non-bank funders, added:

“We can no longer wait for someone else to step in. Private capital must lead. South Australia’s small construction firms and family-owned businesses are fighting battles every day — high interest rates, frozen credit lines, slow approvals, and razor-thin margins. Our $250 million commitment is the beginning of a broader movement to give them the support they deserve.”

With construction insolvencies at historic highs nationwide and small business closures increasing across multiple sectors, Renown Lending’s intervention comes at a crucial moment. The company’s initiative aims to:

• Inject fast, flexible, asset-backed funding into South Australian businesses that need immediate support

• Provide builders and contractors with capital certainty so they can complete projects without disruption

• Strengthen economic confidence and encourage other private investors to reinvest locally

• Help stabilise employment in construction, trades, and small business sectors

“If we want a strong South Australia, we need strong South Australian businesses,” Prasad said. “It’s time for private investors to step up, take responsibility, and stand by the people who actually build this state.”

Renown Lending invites other private lenders, family offices, and sophisticated investors to join the movement and reinvest in the local economy. The message is clear: South Australia’s small businesses deserve more than sympathy — they deserve capital, confidence, and commitment.

About us:

Renown Lending is a leading Australian non-bank lender specialising in asset-backed finance, construction funding, and private credit solutions for businesses and developers. Founded by Kalpi Prasad, the company works across Australia with a focus on fast-turnaround, ethical, transparent lending that supports real economic growth. Renown Lending partners with builders, SMEs, and brokers to deliver funding outcomes across residential, commercial, and land-backed projects.

Contact details:

Renown Lending – Communications Team
Email: [email protected]
Phone: 1300 626 771