Partnership expands brokers' access to vehicle and equipment finance
LMG has added Selfco to its panel of lenders, broadening its asset finance offering for brokers across Australia and New Zealand.
The move introduces more choice in vehicle and equipment finance, an area where Selfco specialises.
The aggregator, which partners with over 70 lenders, said the addition strengthens its efforts to offer brokers tailored commercial lending options. Other recent additions to LMG’s lender network include MONEYME, Better Choice Home Loans, Lumi, and Aquamore.
Owned by Auswide Bank, Selfco provides finance options for a wide range of clients, including sole traders, companies, partnerships, trusts and government entities. The lender has a long-standing presence in the asset finance space and is looking to scale its presence further through the LMG network.
Tim Wells (pictured above right), head of operations for asset finance at LMG, welcomed the partnership, highlighting the added value for brokers.
“We want to offer value and options to our brokers and their clients,” Wells said. “Selfco provides a niche to our brokers in the equipment finance space and their growth plans are aligned to ours, allowing our brokers to support their clients deeper than before – it’s a real value addition to the network and broker businesses.”
Malcolm Withers (pictured above left), who became head of sales at Selfco earlier this year, said the lender was looking forward to working with LMG’s broker base.
“Joining the LMG lender panel marks a significant milestone for Selfco,” he said. “With our deep-rooted expertise in vehicle and equipment finance, we’re thrilled to expand our reach through LMG’s extensive broker network.
“This partnership allows us to leverage our decades of experience and specialised capabilities to deliver even greater value to Australian businesses seeking crucial financing solutions. We’re excited to contribute to the success of LMG brokers and their clients.”
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