Wizard Home Loans yesterday announced it would target the small to medium sized enterprise (SME) market with the release of a new business loan.
The new product will offer finance up to $5 million and an approval time of 24 hours, the lender said.
According to Mark Bouris, Wizard chairman and founder, the franchise operation was ideally positioned to provide financial solutions to SMEs given its branches are owned and operated by small businesses themselves.
“Make no mistake, we are going to target this market with the same vigour and enthusiasm that made Wizard so successful in the home loans market,” he said.
Mike Cutter, president and CEO of GE Money Australia and New Zealand confirmed that GE Money would finance the new product, despite the recent announcement that it was considering “strategic options” for the Wizard business.
Who do you aggregate through?
Thank you for your vote, you can see the results here.
Mortgage Choice has announced that Citi’s former head of bankin...
The major bank has announced that it will extend the maximum loan...
Credit growth has waned as a result of a sharp drop-off in busine...