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.

SME finance platform offers advanced commission product

commission money select commission money select
reporter 4 minute read

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. 

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.

Advertisement
Advertisement

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.”

PROMOTED CONTENT


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

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

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

commission money select

 

more from the adviser
amanda stoker 850 ta

Breaking News

Assistant Minister for Women shares tips for women in finance

Senator Amanda Stoker, the Assistant Minister for Women, has shar...

money au ta

Breaking News

Business lender receives $87.5m ABSF investment

GetCapital is set to receive $87.5 million worth of mezzanine fun...

house construction new ta

Breaking News

Hot Property: The biggest property headlines from the week 13-17 September

The weekly round-up of the biggest news stories from across Momen...