Broker News

Brokerage adds online lender to panel

Mortgage Choice has announced the addition of online lender Prospa to its lending panel.

According Mortgage Choice the inclusion of Prospa, which specialises in small business lending, will help fulfill the commercial needs of customers.

“A significant proportion of our customers are small business owners who have very specific commercial lending and cash flow financing needs,” says Mortgage Choice’s general manager of product Emma Dupont-Brown.

“Prospa specifically services this particular customer segment with quick-to-market, innovative cash flow solutions.”

Dupont-Brown reveals Mortgage Choice reviewed a number of lenders in this field, with Prospa leading the way, having been a 2016 and 2015 Telstra Business Award finalist, as well as being ranked first in Australia and 31 in the world as an innovator in the finance sector in KPMG's FinTech100.

“I am confident that Prospa will be a great addition to the Mortgage Choice commercial offering,” she adds.

The partnership offers an exciting opportunity for both companies, says Matt Bauld, Prospa’s head of sales and business development.

“Through this partnership, we’re not only giving Mortgage Choice’s brokers access to small business loans, but the ability to meet the cash flow finance needs of their customer base. We also provide best practice tools and education.”

Published on: Wednesday, December 07, 2016

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