the adviser logo

SME finance platform offers advanced commission product

by reporter4 minute read
SME finance platform offers advanced commission product

A small-business finance platform and a cash flow funder have partnered to offer brokers a product where they can access advanced commissions.

Lend.com.au (Lend) has announced that it has partnered with invoice and supply chain financier Butn, to enable brokers to access $5,000 - $10,000 advanced commissions for a fixed fee of $100. 

To continue reading the rest of this article, create a free account
Already have an account? Sign in

Brokers on the Lend platform can access up to $10,000, with non-Lend brokers able to secure up to $5,000 advanced commissions. 

The new product is available until 30 April 2021 at the $100 rate.


Speaking of the move, Rael Ross, co-founder of Butn, commented: “Like all businesses, we recognise that brokerages, whether large or small, can often gain immediate benefit from a cash injection. 

“Getting an advanced commission product is the perfect solution to the common comment of ‘I wish I could be paid my commission now’ to help alleviate cash flow crunches or materialise an opportunity. Particularly at this moment of uncertainty, when smooth working capital is paramount to optimising operations, we’re delighted to offer this great opportunity to support the broker community.”

Donelle Brooks, head of third party, Lend, added: “We’re actively encourage initiatives that champion brokers’ personally and professionally. 

“We hope Butn’s offering will help ease some financial pressures and contribute towards brokers feeling less strained, more opportunistic, and proactive with their cash flow management. 

“This launch is particularly timely as many businesses are starting to consider final quarter asset purchases, and corresponding tax write-offs, in preparation of the end of financial year.”

[Related: SME lending platform launches ‘rate guarantee’]

SME finance platform offers advanced commission product
commission money select
TheAdviser logo
commission money select


You need to be a member to post comments. Register for free today


daniel tuttlebee resimac asset fInance ta l27zun

Resimac takes controlling stake in Sonder

Resimac Asset Finance has expanded its acquisition stake in equipment finance business Sonder Equipment Finance...

asic ta 2

ASIC seeks ‘common-sense solutions’ to breach reporting

The Australian Securities & Investments Commission (ASIC) has committed to “improving” the operation of the...

andrew mills homestart ta htfetw

HomeStart drops graduate loan deposit to 2%

HomeStart Finance, a non-bank lender backed by the South Australian state government, has lowered the deposit hurdle...

Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more