Commercial Finance Fintech and Business Lender join forces to give Australian small businesses a fighting chance
Queensland, Australia – June 7, 2021 – The financing gap for loans to small and medium-sized enterprises (SMEs) in Australia is estimated at over $ 90 billion. It was reported in late 2020 that large banks were rejecting more than a quarter of SME loan applications, and – pandemic aside – it has been difficult for SMEs to secure traditional financing for years.
Yet many need help with cash flow, injections of capital to help them grow, and purchases of equipment and inventory to help them run their businesses. It’s not just about survival and day-to-day operations; many businesses need access to financing to help them take advantage of opportunities
They need financing options. To compound the problem, small business owners are short on time as they focus on success, making it difficult for them to fully understand the loan alternatives that actually exist. They need help.
“We strongly believe in making it easier for businesses to access aligned financing solutions that alleviate working capital issues or facilitate growth,” said Donelle Brooks, Head of Third Parties, To lend.
“We are delighted to welcome Limba loans to our panel of lenders – especially at a time when many companies will benefit from additional capital until the end of the year, ”continued Ms. Brooks.
Lend continues to actively expand its secured and unsecured small business loan facilities to help brokers bridge the gap between SMEs and alternative business finance. Its partnership with Limba Loans will be a welcome addition and aligns with the growing demands of SMEs looking for quick, flexible and short-term loans.
The Lend Trade Finance Platform provides a centralized hub of alternative finance solutions to brokers and businesses nationwide. It is renowned for its sophisticated AI and lender product matching technology that instantly provides corporate borrowers with an overview of the product (s) that directly match their profile and requirements.
“What we love most about Lend is that they provide as many alternative financing options to brokers as we are,” said Olly Guilleaume, CEO of Limba. “Following an online loan application, brokers can deal with a real person at Limba who will take the time to understand their particular situation and explain what is required. Approaching it from an educational and informational perspective is also a cornerstone of the lender proposal.
“Brokers, especially those diversifying into small business lending, need lenders and application processes that are easy to manage, responsive and informative, and specialize in loan products designed for small businesses,” Guilleaume said. “Limba will contribute exactly to that at the Lend platform.”
Together, Lend and Limba provide brokers and small and medium-sized businesses with options outside of traditional banking and lending institutions, so they can access the funds they need to grow and succeed.
Giant Squid Inc for Limba
0418 781 610
Limba supports small businesses with fast and convenient business loans between $ 5,000 and $ 500,000 for terms of 3 to 48 months, and flexible repayment schedules. As a lender with a 20-year history operating in a niche market, Limba believes small businesses deserve friendly service, quick decisions, and individual attention based on strong ethics and that’s what they deliver. Apply online at limbaloans.com.au or speak to a Limba Credit Analyst on 1300 10 10 77. Limba also works closely with its suite of experienced financial brokers and referral partners, to help small businesses resolve financial issues.
About the loan
Lend.com.au is dedicated to creating a seamless, efficient and fast experience for Australian businesses to access various types of financing solutions (commercial loans from $ 5,000 to $ 5,000,000). The platform automates the process of matching a lender to the business, using a sophisticated combination of artificial intelligence and analysis, without affecting the applicant’s credit rating.