ISCOVER
LMG Asset Finance has welcomed global business lender TP24 to its growing lender panel, making its revolving credit facilities available to LMG brokers.
Founded by former bankers and operating in Zurich, Manchester, and Melbourne, TP24 provides revolving credit facilities to Australian small and medium-sized enterprises (SMEs) using real-time data, technology, and banking expertise.
The facilities are receivables-backed and remove the need for directors to pledge personal property, offering an adaptive approach to credit by aligning funding availability with a business’s real-time performance and cash flow.
Tim Wells, head of operations at LMG Asset Finance, said the new addition brings a modern approach to business lending.
“TP24 is a great addition to our panel,” said Wells.
“They bring a truly modern approach to business lending, one that’s based on real-time data, flexibility and trust. Our brokers are always looking for ways to help their clients grow, and TP24 gives them another powerful tool to do just that.”
TP24 Group CEO Adam Lane commented on the partnership, highlighting the importance of supporting brokers and their business clients.
“We’re excited to join the LMG Lender Panel – an important milestone that strengthens our commitment to supporting Australia’s vital network of brokers and their business clients,” said Lane. “At TP24, we know that speed, transparency, and flexibility are non-negotiable for SMEs seeking timely lending. Being part of LMG’s platform means brokers gain instant access to our streamlined credit solutions – backed by clear underwriting, dependable fulfilment, and dedicated broker support.”
Donelle Brooks, TP24’s head of client & partnerships, added that the partnership will make flexible funding more accessible to brokers.
“Joining the LMG panel is a fantastic step forward for TP24 in Australia. We’re thrilled to make our flexible funding lines more accessible to brokers and their business clients across the country,” said Brooks. “At TP24, we understand that no two SMEs are alike, so we’ve designed our facility to adapt to the rhythm of each business, without the red tape. For LMG brokers, this means more options and greater confidence in matching clients with a funding partner that truly understands their needs.”
Brooks concluded that TP24 was proud to partner with LMG and support its broker community.
“We’re excited to support LMG’s incredible broker community and help more Aussie businesses thrive. For clients, this translates into faster funding decisions, tailored lending, and an improved borrowing experience all round,” Brooks said.
“We’re proud to partner with LMG, working hand-in-hand with brokers to unlock growth for SMEs and fuel the AU economy.”
[Related: In Focus: The intricacies of invoice finance]
JOIN THE DISCUSSION