Optimistic Judo Bank says brokers hold the key to jump starting Australia’s economy engine
Specialist SME business bank Judo Bank is supporting commercial and asset finance brokers to get Australian business moving.
Despite an uncertain economic environment, SME-specific research and a business-focused Federal Budget has left Judo optimistic about the business outlook going forward. In its efforts to support businesses to recover and grow, Judo recognises the distinct value in broker relationships as a way to deliver the lending outcomes businesses need.
Getting things growing again
Judo is looking beyond 2020 and focusing on lending that empowers SME businesses to strive for growth. “Our focus now is helping SMEs recover and look ahead to eventual growth,” explains Judo Bank co-CEO, Joseph Healy.
Never before has historical data been less indicative of future performance. Never before have banks been tasked with assessing lending applications from businesses who have spent several months in forced hibernation. Brokers fill in the gaps that banks need to lend with confidence, opening up the potential for funding for SMEs that need it most.
Helping businesses capitalise on opportunities
“2020 has shifted the business landscape into unchartered territory. Business owners need to be nimble in their approach, and be able to capitalise on opportunities as they arise. As a relationship focused bank, Judo is committed to supporting our brokers and customers to navigate the current environment and to help seize these opportunities. SMEs are the engine room of progress and Judo Bank’s common sense lending approach will undoubtedly assist brokers achieve the outcomes their clients are looking for”. George Obeid, Managing Director, Third Party
Common sense lending meets broker business insights
Judo Bank is bringing back relationship banking, delivering common sense lending decisions to help brokers get the outcomes their clients are looking for.
Focusing on the 4Cs of lending – Character, Capacity, Capital and Collateral – Judo’s relationship banking model is reminiscent of the way lending used to be. In the absence of algorithm-based obstacles, Judo leverages broker insights into who their clients are and where they’re going to make more favourable lending decisions, more often.
Jump starting business growth with a $2000 voucher for new every new business loan or line of credit*
Judo Bank has launched its JumpStart campaign, focused on its commitment to jump starting the engine room of progress – Australian SMEs.
For all new customers that take out a business loan or line of credit for a trading business, Judo Bank is offering a $2,000 voucher to spend with over 100 of its hospitality customers — injecting over $1 million into one of the hardest hit industries.
Contact Judo Bank’s third party partnerships team for more information on accessing Judo’s JumpStart offer for your clients.