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Prospa posts 1H23 profit despite increased investment

by Fabian Cotter • 27 Feb 2023
Business lender Prospa has confirmed its 35.1 per cent hike in first-half loan originations, plus future...READ MORE

N1H extends SME lending capacity to $115m

by Fabian Cotter • 27 Jan 2023
Growth in alternative lending has driven N1 Holdings Limited (N1H) to boost its lending capital, the company has... READ MORE

TFF records mixed results on increased SME lending
by Fabian Cotter • 14 Dec 2022
A post-pandemic RBA analysis on Term Funding Facility (TFF) helping business lending has not highlighted clear economic... READ MORE

NAB reveals key business sectors primed for broker help
by Annie Kane • 18 Feb 2022
The major bank’s head of behavioural and industry economics revealed target sectors brokers could be supporting as... READ MORE

Timelio acquires Bendigo and Adelaide Bank’s invoice finance...
by Annie Kane • 8 Feb 2022
A Melbourne-based fintech has announced an agreement with Bendigo and Adelaide Bank to acquire its invoice finance... READ MORE

Grow Finance concludes $35m capital raise
by • 20 Jan 2022
The lender’s co-chief executive believes this will sustain growth as it aims to secure 1 per cent of the addressable... READ MORE

Asset finance accreditation the next ‘battleground’: CAFBA
by Malavika Santhebennur • 18 Jan 2022
CAFBA has underscored the importance of education for brokers diversifying into asset finance, as the... READ MORE

Brokers drive origination growth for Prospa
by • 18 Jan 2022
The non-bank’s latest quarterly figures mark a year-on-year growth of 85 per cent, with the bulk of this surge being... READ MORE

Compliance, cash flow top SME stresses: ScotPac
by Malavika Santhebennur • 17 Jan 2022
Concerns around navigating government grants, cash flow, and “skyrocketing” staffing issues are front and centre... READ MORE

SA government rolls out COVID stimulus package
by • 17 Jan 2022
The state has started distributing cash grants to businesses affected by density restrictions, including up to $22,000... READ MORE

How brokers can help SMEs restock this summer
by Malavika Santhebennur • 13 Jan 2022
An SME lender has outlined how brokers could assist businesses emerging from lockdowns to access finance or replenish... READ MORE

Judo reports 37.8% loan growth over 6 months
by • 12 Jan 2022
The ASX-listed bank has published its loan book figures for December, revealing a $230 million boost over the... READ MORE

NAB, Westpac roll out flood relief packages
by Sarah Simpkins • 12 Jan 2022
The big four banks have declared a number of measures for customers affected by floods in Queensland, including relief... READ MORE

Humm considers pure business lending pivot
by Sarah Simpkins • 10 Jan 2022
The group is considering shedding its consumer arm and only offering business loans, as it continues to target growth... READ MORE

SME lender restructures $25m of debt
by Annie Kane • 23 Dec 2021
Fintech lender Tradeplus24 has restructured a quarter of a billion dollars to underpin a debt facility and reduce... READ MORE

Feedback required on business securitisation fund
by Annie Kane • 22 Dec 2021
Stakeholders are being urged to submit their thoughts regarding the effectiveness of the Australian Business... READ MORE

7/10 small businesses optimistic for next six months
by • 22 Dec 2021
While the majority are looking positively to the future, according to new Zip Business data, one in two are struggling... READ MORE

Equipment finance loans up 341% over 2 years: NAB
by Malavika Santhebennur • 16 Dec 2021
NAB small business customers have been rushing to secure equipment finance loans as farmers around Australia have been... READ MORE

Lumi raises $20m to fund ‘aggressive growth’
by Annie Kane • 16 Dec 2021
The fintech lender will launch new products and double its staff next year as it targets “aggressive growth”... READ MORE

RedZed adds 3 years to Storm sponsorship deal
by Sarah Simpkins • 15 Dec 2021
RedZed has extended its major partnership agreement with Melbourne Storm for another three years beyond 2022, in a new... READ MORE

SME Recovery Loan Scheme extended
by Annie Kane • 13 Dec 2021
The government is extending the loan scheme for small businesses for a further six... READ MORE

Prospa confirms non-executive exit
by • 7 Dec 2021

The SME lender has announced that a member of its board has retired from their non-executive position.

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Australia’s top brokers revealed in glittering ceremony
by Malavika Santhebennur • 2 Dec 2021
The Adviser’s Australian Broking Awards 2021 recognised the crème de la crème of the mortgage and finance broking... READ MORE

FAST brokers achieve new commercial lending record
by • 1 Dec 2021
Record volumes of commercial lending were written by FAST brokers in the September quarter, according to the... READ MORE

ScotPac launches new mortgage offering through brokers
by Annie Kane • 25 Nov 2021
The debtor and asset finance lender has soft-launched its first home loan offering and two property-secured products... READ MORE

Prospa secures $40m in SME originations for October
by • 25 Nov 2021
The confirmation of an 84 per cent increase in originations compared to 2020 comes as the lender reveals a new loan... READ MORE

Agri lending growth buoyed by high confidence: CBA
by Annie Kane • 23 Nov 2021
Agri machinery financing rose 25 per cent in the first four months of the financial year 2022, reflecting strong... READ MORE

SME lending ‘desperately needs better regulation’, says lender
by • 22 Nov 2021
Tradeplus24 is calling for better invoice lending regulation or a self-regulated code of conduct after suggesting... READ MORE

Same-day commission payments offered to Effi brokers
by Annie Kane • 22 Nov 2021
Advanced payments of upfront commissions are being offered to brokers through a new partnership between Effi and... READ MORE

84% of SMEs think bank loans are hard to secure
by • 19 Nov 2021
Only 16 per cent of SMEs think it’s easy to secure a loan through a bank, according to the inaugural RedZed... READ MORE
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