Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Low repayment loan for brokers launches

percent arrow down ta

percent arrow down ta
Annie Kane 8 minute read

Specialist lender TrailBlazer Finance has launched a new low repayment loan for mortgage brokers and financial planners.

Designed to boost cash flow, TrailBlazer Finance has released a Balloon Booster loan to help brokers and planners “better manage cash flow and maximise working capital”.

The product is structured like a balloon loan and features lower monthly repayments and flexible end-of-term refinancing options, allowing the balloon to be paid out or refinanced into a two-year loan.

Speaking of the new product, TrailBlazer’s managing director, Jeff Zulman, said the product was being launch “at a time when many small businesses are struggling with their short-term cash flow needs”.

He commented: “We know from talking to our clients that, right now, many brokers and planners need a short-term cash boost to free up working capital as they navigate the evolving post-COVID-19 market. 

Advertisement
Advertisement

“The Balloon Booster is designed specifically for this purpose. It is a low repayment product, with repayments 50 per cent or lower than those of our standard loan product. 

“This helps our SME clients manage cash flow when they need it most.”

Mr Zulman concluded: “We are proud to be able to provide a product which is tailored to the needs of our clients and the industry more broadly at a time when others are tightening their credit criteria and raising rates.”

You can find out more about the Balloon Buster product and TrailBlazer Finance in Mortgage Business’ recent live event, the Commercial Masterclass 2020.

[Related: Go with the (cash) flow]

Low repayment loan for brokers launches
percent arrow down ta
TheAdviser logo
percent arrow down ta

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

Annie Kane

Annie Kane

Annie Kane is the editor of The Adviser and Mortgage Business.

As well as writing about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape – Annie is also the host of the Elite Broker and In Focus podcasts and The Adviser Live webcasts. 

Email Annie at: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

more from the adviser
video conference zoom Remote client engagement the new normal in broking

Ninety-seven per cent of brokers who have made significant change...

robertbell ta Digital mortgage provider sees growth during COVID-19

Neobank 86 400 has reported rapid growth in its digital mortgage ...

laptop typing COVID expanding PD opportunities for brokers

Brokers are increasingly embracing new opportunities for professi...

FROM THE WEB