SME funding specialist Lumi has joined the lending panels of COG Aggregation and Platform Finance, giving brokers a broader vary of modern funding options to raised serve their SME and self-employed purchasers.

John Clifford, Head of Third Get together at Lumi spoke of the twin advantages of this partnership, stating, “For industrial and asset finance brokers, Lumi’s companies complement current choices completely, filling within the monetary gaps not lined by asset finance.”

The SME non-bank lender provides secured and unsecured enterprise loans and features of credit score starting from $5,000 to $500,000, specializing in innovation, customer support and “quick, honest and versatile” funding options.

“We’re right here to help with the extra prices your purchasers might face, from importing equipment to funding recruitment bills or coaching workers on new equipment,” Clifford states.

“Our objective is to supply financing options which might be as distinctive as the companies we serve.”

Lumi provides modern funding options, together with a rate-reducing enterprise mortgage that rewards prospects for good cost behaviour and a line of credit score with no curiosity incurred when left unused.

Clifford additional highlighted the help for mortgage brokers venturing into SME lending, “We’re not only a lender; we’re a partner-led firm. For these new to SME lending, our enterprise improvement managers are keen to supply steerage and help.”

“We perceive the various levels of involvement brokers want, and we accommodate that, making certain we adapt to the shopper administration strategy of each companion.”

“The inclusion of Lumi on the COG Aggregation and Platform Finance lender panels is a testomony to the shared imaginative and prescient of empowering brokers with extra sources and companies with versatile financing choices.”

“This partnership is ready to broaden the horizons for brokers and their purchasers, facilitating development and success within the ever-changing industrial panorama.”

Damian Mantini, Head of Strategic Partnerships at Platform Finance stated, “COG and Platform are enthusiastic about our new relationship with Lumi. It’s necessary that we proceed so as to add new, modern lenders to our panel to supply our brokers with the variety wanted to finest service their purchasers. Increasing our SME enterprise finance choices enhances our current asset finance lenders and provides our brokers a robust different earnings stream.”