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Selfco has joined LMG’s lending panel as the latter continues its asset finance growth drive.
Aggregation group LMG has welcomed specialist equipment leasing finance firm Selfco to its lending panel in a move to widen commercial asset finance options for brokers and their clients.
Auswide Bank-owned Selfco operates nationally via a network of accredited finance brokers who help business owners acquire the equipment, machinery, and vehicles needed to grow their enterprises (via a range of financing solutions).
LMG has been building out its asset finance operations in January, recruiting a new head of asset finance and adding personnel to bolster its broker support offering.
In addition to these changes, LMG recently added personal lender MONEYME to its lender panel, further expanding the options available to brokers and their clients across both the consumer and commercial asset space.
Tim Wells, LMG’s head of operations for asset finance, said the addition of Selfco to LMG’s lender panel was a timely boost to the options available to brokers.
“We want to offer value and options to our brokers and their clients. Selfco provides a niche to our brokers in the equipment finance space and their growth plans are aligned to ours, allowing our brokers to support their clients deeper than before – it’s a real value addition to the network and broker businesses,” Wells said.
Malcolm Withers, head of sales at Selfco, said: “Joining the LMG lender panel marks a significant milestone for Selfco. With our deep-rooted expertise in vehicle and equipment finance, we’re thrilled to expand our reach through LMG’s extensive broker network.
“This partnership allows us to leverage our decades of experience and specialised capabilities to deliver even greater value to Australian businesses seeking crucial financing solutions. We’re excited to contribute to the success of LMG brokers and their clients.”
Withers was appointed head of sales at Selfco in January.
[Related: LMG expands asset finance team]
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