Two aggregators have announced the addition of a new lender to their panels this week.
PLAN Australia’s network of 1,600 plus brokers now have access to the offerings at unsecured business lender Moula.
PLAN Australia CEO Anja Pannek said, “With the constantly changing needs of Australian businesses, it is more important than ever that we maintain a diversified lender panel to ensure our members can offer greater choice to suit the needs of their business clients.”
Moula provides loans between $5,000 to $500,000 for terms up to 36 months, with decisions made within 24 hours. Pricing starts at 15.95% APR, a rate applied against the outstanding loan balance, with no penalty for early repayment.
Moula CEO Aris Allegos said, “We are excited to be partnering with PLAN Australia, helping their brokers expand their service offering to meet the evolving needs of Australian businesses. Moula continues to invest in education and tools to support brokers backed by awesome people who are deeply committed to our partnership.”
Australian equipment financier, Iron Capital Group, has joined the asset finance lending panel of Connective Asset Finance.
The partnership is the first of its kind for Iron Capital, and will open Connective’s broker network to advice across a wide range of machinery requirements in civil, mining and earthmoving industries.
"We’re pleased to be partnering with Connective and providing their brokers specialist financing solutions in mining, earthmoving and civil industries,” said Iron Capital director Paul Ireland.
“Connective is a prominent aggregator in the broker industry and we’re looking forward to working with the team more closely being a go-to voice for yellow goods in their lender panel.”
According to Brent Starrenburg, head of asset finance at Connective, the partnership will support the demand for quality equipment as investment in Australia’s infrastructure projects continues to grow.
“Iron Capital is a leading machinery and equipment capital provider, and we’re thrilled to have them on our lending list to offer our brokers an expert financier in the earthmoving industry,” he said.
