Connective has entered into a strategic partnership with an established asset finance aggregator that supports 20 brokerages.
Prospa’s Australian small business loan asset-backed securities trust has become the first in Australasia to be assigned a rating.
Online small business lending is growing by 79 per cent and could hit $2 billion by 2020, according to OnDeck.
Standard & Poor’s has provided its highest credit rating to $658.5 million of La Trobe Financial’s sixth residential mortgage-backed securities (RMBS) issue.
An SME lender has announced that it has provided over $300 million in funding to small business borrowers.
John Kolyvas, national sales manager – commercial at ING, tells The Adviser why mortgage brokers should look to diversify into commercial broking.
As some banks seek to reduce broker flows, a new SME-focused lender has emphasised that its proposition is “purpose-built” for brokers and SMEs.
The CEO of small business lender OnDeck has said that he hopes comprehensive credit reporting could be extended to cover businesses as well as active consumer accounts.
Small businesses lender OnDeck has joined the aggregator’s panel of lenders, enabling brokers to access its unsecured business loans.
It has been revealed that the major bank ceased business with approximately 500 brokers after they “pushed back” on a requirement to undertake an asset finance test.
The ranking of the top commercial brokers in Australia is now open for submissions.
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