Stats: Big numbers in commercial lending

SME and commercial lending are two avenues offering solutions for brokers looking to diversify

Stats: Big numbers in commercial lending

SME and commercial lending are two avenues offering solutions for brokers looking to diversify

For brokers wanting to expand their product portfolio and client base, now is an excellent time to consider entering the SME and commercial lending arena.

With more than 2.2 million small businesses and 70,700 franchise units in Australia, as revealed by the ACCC in its Small Business 2017 Snapshot report, one can easily project that the number of business owners needing the assistance of a broker will continue to grow.

Brokers also have an established organisation to rely on for support. By becoming a member of the Commercial & Asset Finance Brokers Association of Australia (CAFBA), the first national peak professional body representing commercial finance brokers, brokers will receive continuous education and assistance to help them take advantage of these opportunities.