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June 2024
RANKINGS & REPORTS

Non-Bank Product of Choice Q&A: Scotpac and Banjo

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Jon Sutton
SCOTPAC
1st place: Debtor finance loans

Jon Sutton
CEO

FAs one of original debtor finance lenders, ScotPac has years of experience in getting the debtor loan offering spotless. ScotPac CEO Jon Sutton says what he thinks makes its debtor finance solutions stand out

Q: What do you think makes your product(s) so popular with brokers?

ScotPac is proud to be again recognised by our broker community as an industry leader in a very competitive lending environment.

The success of ScotPac’s products is fuelled by a relentless focus on customer service and best-in-class solutions that give brokers and businesses what they need to succeed. We understand that providing brokers with the right tools and resources empowers them to find the perfect product to help their clients achieve their goals. That is why we created the ScotPac Partner Portal, the ultimate relationship management tool that combines product selection, streamlined approvals, and effortless marketing campaigns to ensure brokers are always top of mind with their clients.

ScotPac’s ongoing commitment to innovation, backed by significant investment in technology, is another driver of the popularity of our products. Earlier this year we introduced Cash Line, a quick and easy way for any business with a cloud accounting package to have cash on call for when opportunities arise. Cash Line operates like a flexible line of credit, but without the need for property security. It was designed in response to feedback from brokers and SMEs and made possible by a clever operating platform – a great example of technology-enabled innovation.

Becoming a trusted partner for thousands of brokers and businesses takes time. ScotPac has been nurturing its relationship with brokers for more than 35 years and we thank all of them for their continued support.


Guy Callaghan
BANJO
1st place: SME loans over $250,000

Guy Callaghan
CEO

BBanjo Loans has been seeing more inflows from brokers seeking larger-sized SME loans for their business clients. Guy Callaghan, CEO of Banjo Loans, says what makes their SME loans over $250,000 so special

Q: What do you think makes your product(s) so popular with brokers?

Banjo has created a product that both brokers and clients know and appreciate. Our business loans greater than $250,000 have become a market leader in the non-bank space.

We understand what is important to our referrer partners and clients and that is the ability to talk to knowledgeable people about their particular situation.

Our BDMs are highly trained to have a solid understanding of our product offerings and therefore what constitutes a loan that will be approved.

But more importantly, both brokers and clients can speak with the final decision-maker – one of our approvals/credit team members – which they love. Due to the process we undertake, we are in a position to understand our client’s business and position and ultimately lend more when they need us.

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