Commercial finance hub Lend is extending its lender panel to include specialist asset finance providers.
Non-bank lenders Thornmoney, Azora Finance and Multipli will provide brokers with a greater diversity of options with transaction types, length of trading terms, products and asset classes.
“The panel extension provides brokers with an even broader suite of alternative asset finance lending options for their SME clients,” said Lend head of asset finance Andrew Moulds (pictured above). “In particular, the new lenders accommodate the increasingly diverse, non-standard borrower profiles and provide solutions for the corresponding funding requirements.”
Moulds said the new addition of lenders was in response to broker feedback saying they would like shorter-term ABN and GST borrowers.
“Especially for non-asset backed borrowers and aged assets to be better serviced,” he said.
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Moulds said Thornmoney met the increasing demand for a broad range of assets required by non-property backed borrowers.
“The group also provides finance for startups and shorter-term ABN businesses,” he said.
Moulds said Multipli supported non-property-backed borrowers with a no-deposit framework for longer ABN holders across a broad range of asset classes. He said Azora Money provided asset finance without age restrictions to non-GST borrowers as well as borrowers with minor credit impairments.
Thornmoney is a specialist provider of working capital solutions including asset finance and invoice finance.
It provides brokers access to a wide range of asset classes, from wheeled and tracked equipment (i.e. trucks and excavators) to engineering equipment, printing equipment and office fit-outs.
It also offers low-doc and full-doc products and accommodates businesses that are just starting through to mature businesses seeking the capital to continue their growth.
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Azora Finance is a specialist asset finance lender that services businesses that fall outside traditional lenders’ credit requirements.
Its flexible finance solutions enable SMEs to fund up to 100% of the cost of an asset to purchase vehicles, equipment and machinery without tying up working capital and restricting cash flow.
Multipli’s asset finance solutions extend beyond the standard wheeled and tracked asset classes to include options such as commercial solar, printers, CNC machines, compressors, commercial laundry equipment, generators, welding and plumbing equipment and more.
Its broad asset appetite, combined with no-deposit options for eligible non-property owners, enables SME clients to reinvest cash in their business rather than tying it up in asset purchases.
