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Become more than a mortgage broker

Offer your clients more with business finance

Help your clients with business finance

As demand for small business lending increases, more mortgage brokers are expanding to better serve their SME clients.

Australia’s small businesses represent over 97% of all businesses in Australia but lack access to business finance.

Nearly 40% of SMEs find it difficult to get business finance.

One-quarter of residential mortgages are held by small business owners.

45% of the 2.1 million SMEs in Australia intend to expand in the next three years.

Banks don’t meet small business finance needs

As a result of the Banking Royal Commission, banks have reduced their lending to SMEs seeking finance. In addition to approving fewer loans, some lenders have decreased the loan-to-value ratios for secured business loans. These factors have made it more difficult to get business finance. Nearly 40% of SMEs found it difficult to access business finance in the March 2019 quarter – the worst result since the March 2012 quarter1.

Help your mortgage clients get business finance

In Australia, 25% of residential mortgages are held by small business owners. This means many of your existing customers will need small business finance now or in the future. You don’t need to go beyond your client base to expand into small business finance. You’ve already helped with a residential mortgage – now you can assist with Moula unsecured business loans from $5,000 to $250,000.

Be part of a fast-growing opportunity

As banks have been unable or unwilling to meet the financial needs of small to medium businesses, Moula has stepped in by offering unsecured business loans from $5,000 to $250,000. Unsecured small business lending in Australia will reach $2.2 billion by 2020. By expanding into this niche, you can claim your share of a growing market while helping your mortgage customers access business finance.

Why Moula?

Since 2014, Moula has filled the gap in the market by providing finance to SMEs across Australia. Moula makes it easy for you to help your clients get the small business finance they need to grow.

As a Moula Partner, you’ll get:

Save Yourself 4 Hours By Linking Your Data

Speed and Ease

With a simple online application and your clients’ bank or accounting data, we can provide an answer within 24 hours.

Transparency

We’re upfront about our business loans. We offer the SMART Box™ loan comparison tool and don’t charge any hidden fees.

Ongoing Commissions

With high customer satisfaction – including a 9.8/10 TrustScore – businesses keep coming back to Moula.

Partner FAQs

By linking your business’ data to Moula, we can view your transaction data and make a decision in minutes; much faster than banks, which usually take 6-8 weeks to process an application. Our platform is also built for to for small and medium businesses, which means we’re able to approve thousands of businesses which banks reject.

Unlike a traditional loan, we’ve also eliminated the fine print, hidden fees, and complex paperwork. This means you understand what’s going on at every stage, and know exactly what you’re loan agreement means. We’re here to help grow your business, not hold it back.

The application process takes just a few minutes. Once complete, we’ll give you a decision within 24 hours, and your client will see the funds in their account by the next morning.

Your clients will need:

  • An ABN or ACN
  • Been in business for at least 6 months
  • At least $5,000 in monthly sales

With Moula, there are no hidden fees and no hassle. We charge a 2% establishment (upfront) fee, but there are no transaction fees, and no penalty for early repayment.

We provide a very clear loan schedule setting out repayments and timing. Check out our business loan calculator where you can get a clear picture of how much you’ll pay for the amount you wish to borrow, and download a sample repayment schedule for yourself.

Absolutely, we pride ourselves on our customer service and having real people to speak to. You can either email partners@moula.com.au or call 1300 88 09 72.

Absolutely; we’re happy to pass the discount on to your client. Please let us know when you’re making the referral, and we’ll take care of it.

References

1. Sensis – Sensis Business Index.

Get a repayment schedule

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