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Leading aggregator FAST has awarded 15 of its brokers with commercial finance scholarships to “develop the capability of brokers entering into the equipment and commercial space”.
According to the company, the scholarships were initially open to 10 brokers, but “following a strong stream of quality applications from brokers keen to improve their commercial finance capabilities”, the decision was taken to up this number to 15.
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The scholarship is part of FAST’s sponsorship of the MFAA Equipment and Commercial Finance Education Series, which launched last year.
The e-learning program aims to help established residential brokers diversify their offering, further develop their consultancy and credit assessment skills, and attract new brokers to commercial lending and equipment finance.
Commenting on the scholarship program, Brendan Wright, CEO of FAST, said: “Commercial finance represents a huge growth opportunity for brokers. By enrolling in this program, these FAST brokers are taking the first important steps to tap into this opportunity and we are delighted to support them on their journey.”
Scott Howell, broker at mobilelender.com.au, was one of the scholarship recipients and said that the scholarship has helped him break into “an area of broker [he] never thought [he could].
“The education series has given me the confidence to actively pursue equipment and business finance lending and I look forward to putting my learnings into practice,” he said.
[Related: Major aggregator reveals big plans for commercial broking]
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