LMG brokers gain access to Moneytech’s working capital and asset finance products
Non-bank lender Moneytech has joined the panel of LMG, Australia’s largest mortgage aggregation group, in a move that seeks to broaden its reach within the commercial broker market.
The partnership enables thousands of LMG-accredited brokers to offer Moneytech’s working capital and asset finance products to their small and medium-sized enterprise (SME) clients across the country.
“We’re excited to partner with LMG and provide more brokers, and in turn, more business owners with access to the type of finance that helps SMEs thrive,” said Nick McGrath (pictured above left), chief executive of Moneytech. “Our focus has always been on delivering smarter funding options that help business owners take control of their cash flow. This partnership extends our reach and gives brokers a valuable alternative to traditional finance.”
Moneytech’s entry onto the LMG panel comes amid tighter credit conditions from traditional banks and continued cash flow challenges for small businesses. Its offerings, which include trade finance, debtor finance, equipment finance and unsecured business loans, are aimed at helping SMEs maintain operations and invest in future growth.
Tim Wells (pictured above right), head of operations – asset finance at LMG, welcomed the addition. “We’re delighted to welcome Moneytech to the LMG lender panel,” he said. “Their specialist expertise in SME lending, particularly across working capital and asset finance, adds significant value to our offering.
“With the current economic climate placing pressure on small businesses, having access to flexible, fast and reliable non-bank funding solutions is more important than ever. Moneytech’s addition strengthens our commitment to supporting brokers with a diverse range of lending options to meet their clients’ evolving needs.”
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