Smartline Mortgage Advisers has brought SME lender Prospa onto its lender panel to provide Smartline brokers with “greater product choice for their small business clients”.
Prospa offers business loans between $5,000 to $300,000 and recently introduced a line of credit product.
Speaking of the new partnership, Smartline CEO Sam Boer commented: “Small business owners are finding it increasingly difficult to access the capital they need, and we know they’re looking for alternative funding options.
“Smartline’s new relationship with Prospa will provide our brokers with a broader range of finance solutions to support their clients’ ventures and help them get ahead. They are an industry leader who appreciates that small business owners sometimes need a different approach to finance. We are thrilled to welcome them to our panel.”
Meanwhile, Matt Bauld, Prospa’s executive general manager of sales and business development, emphasised that brokers are “an important part” of Prospa’s business model”.
“We recognise small business owners need the assistance of brokers to understand their borrowing options. We support our partners with the tools and resources they need to develop and strengthen relationships with their clients, helping them make it fast and easy to apply for business finance.
“Small business is critical to our economy, accounting for over 44 percent of private sector employment.”
He added: “We are looking forward to this partnership with Smartline, as it will allow us to help more Australian small businesses thrive.”
[Related: Prospa launches new line of credit facility]