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New loan launched for recurring revenue borrowers

by Sarah Buckley7 minute read
New loan launched for recurring revenue borrowers

TrailBlazer Finance has announced the launch of a new loan for those with recurring revenue streams, such as brokers.

The specialist lender has announced the launch of its new low-rate SMEGG (Small and Medium-sized Enterprise Government Guarantee Loan), released as part of its recent appointment to the lender panel of the federal government’s Coronavirus Small and Medium Enterprises (SME) Guarantee Scheme - Phase 2.

The new loan aims to help small businesses with recurring revenue streams – such as mortgage brokers, financial planners, real estate managers and accountants – with their cash flow.

Offering loans between $75,000 to $1 million and starting from 9.99 per cent, the funds can be used for a broad range of business purposes, be it working capital or investing for growth.

The loan is available to those with an annual turnover of less than $50 million and for loans settled before 30 June 2021.

Jeff Zulman, managing director of TrailBlazer Finance, commented: “We are proud to have been selected as a participating lender in phase 2 of the Government SME Guarantee Scheme, and even prouder that it enables us to provide a new low-rate funding option to the white-collar SMEs we serve.

“The new loan product further strengthens our offering for small businesses at a time when many need the additional cash flow buffer. As always, TrailBlazer Finance is committed to delivering the best possible solutions for these white-collar professionals,” he concluded.

[Related: TrailBlazer Finance joins SME Guarantee Scheme]

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