Approve your own clients!
We know that as a Broker your clients value what you do for them. They value your expertise and how you’re able to quickly provide them access to the funds they need for their business. Now we’ve made it even easier to provide a high level of quality service to your small business clients. Conditionally approve your own clients (before speaking with us) on loans of up to $25,000 based on 180 days of bank statements.
Bank statement criteria:
- Minimum of $10k revenue a month. *note 1
- Minimum account daily balance greater than $150.
- No payment dishonours.
- Evidence of ATO payments/ refunds. *note 2
- Suitable loan stacking. *note 3
- No adverse account transactions. *note 4
- $10k revenue/ month is defined as business revenue and excludes Government assistance, loan funds & owner funds.
- ATO Portal required if no evidence.
- Maximum of two existing SME loans (0 new loans in last 90 days) and no payday loans.
- Debt collection and limited gambling.
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