A new dawn
Commercial finance – credit for business purposes – has been an increasingly attractive proposition for brokers looking to diversify their revenue streams and offer more solutions to clients.
According to the Mortgage and Finance Association of Australia’s (MFAA) Industry Intelligence Service Report (IIS), the number of mortgage brokers who wrote commercial loans continues to rise, with more than 6,000 mortgage brokers also writing business loans; a new record high.
In addition, the value of commercial loans settled by mortgage brokers also continues to break records – having smashed through new highs every six months for the past two years. In all, the total loan book value of commercial lending for mortgage brokers reached over $70 billion last year, according to the MFAA data.
In this Broker’s Guide to Commercial Finance, we’re taking a look at what’s been changing in the business finance space, from commercial mortgages to asset finance support and cash flow initiatives – and we’re also speaking to some of the leading lenders and brokers in this space to understand what they’re doing to delight more SME lenders. We hope you find this guide useful!