Leading non-bank small-to-medium enterprises (SME) lender, Banjo Loans has introduced new enhancements to its asset finance offering, in response to market feedback from both finance brokers and clients.
The changes include doubling the loan size for Banjo’s Asset Finance Express bank statement analysis offering from $250,000 to $500,000, and increasing the loan size for clients who are non-property backed and not required to give a deposit from $150,000 to $250,000.
Banjo Loans chief commercial officer, Brendan Widdowson (pictured) said, “We’ve been listening to finance brokers and our clients, and we know they’ve been asking for these changes to support the funding of larger assets such as prime movers and yellow goods, with a streamlined bank statement analysis solution.
“Asset finance is in demand year-round, and whatever big-ticket items SMEs might be considering, we’re pleased that these enhancements should make it possible for more of them to expand and thrive.”
Banjo Loans CEO, Guy Callaghan added, “For Banjo, it’s important for us to be able to extend our offering. It allows us to better support our current clients, and it also creates additional opportunities for us to bring our proven approach to SME lending to a wider market.”
Banjo Loans offers tailored asset finance solutions for SMEs to replace ageing equipment, consolidate existing debts and release equity from existing assets.