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.
“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]
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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.
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