Powered by MOMENTUM MEDIA
subscribe to our newsletter

AFG partners with online lender

Australia’s largest aggregator continues to grow its business lending portfolio, announcing a new partnership with an online lender.

AFG has added Prospa’s unsecured small-business loan to its lending panel, and the online lender will help educate AFG’s broker network on the unique circumstances facing small businesses, and how cash-flow lending delivers genuine opportunities for growth.

Mark Hewitt, general manager of sales and operations at AFG, said the market is demanding faster and simpler ways of funding SMEs, and Prospa delivers just that.

“We’re looking for growth in business lending. With our listing on the ASX in May this year, we are in a strong position to build on the strengths of our core mortgage broking business and to expand our product offering,” he said.

“AFG is very pleased to partner with Prospa to provide this opportunity to our brokers and their clients.”

Advertisement
Advertisement

PROMOTED CONTENT


Prospa CEO Beau Bertoli said the biggest winner from its relationship with AFG will be Australian small businesses.

“There are two million small businesses in Australia and they frequently find it difficult to access funding, as they are considered too risky,” Mr Bertoli said.

“Demand for cash-flow loans has risen over the past five or six years. Big businesses are tightening up their working capital and are taking longer to pay the smaller ones.

“In just over two years, we’ve loaned over $60 million to thousands of Australian small businesses, and demand is escalating. We’re not surprised other players in the finance industry are looking to capture this growth in small-business lending.”

AFG partners with online lender
mortgagebusiness

Latest News

The Victorian Government will deliver “an historic” $5.3 billion Big Housing Build to construct more than 12,000 new homes throughout me...

A “more optimal” retirement income system would involve retirees “more effectively” drawing on home equity to fund their standard of...

Non-major lenders continue to be the more highly rated lenders used by brokers for both turnaround times and policy, according to the lates...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: Responsible Lending - what could lie ahead for lenders brokers and borrowers?

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.