Lender's 'solid, well-earned reputation' praised by YBR
Non-bank lender Aquamore has been officially appointed to the Yellow Brick Road (YBR) aggregation panel.
In a press release announcing the appointment, YBR’s head of commercial and equipment finance Glenn Mitchell (pictured right) praised Aquamore’s “solid, well-earned reputation” and “excellent product range for business borrowers who fall outside the criteria of traditional banks and second-tier lender”.
Aquamore’s short turnaround times and “experienced and capable” relationship management and credit teams were also commended.
Mitchell highlighted the sustained growth in Aquamore’s wheelhouse of the commercial finance sector, noting that brokers now account for over 35% of finance written in this market.
“This proportion is expected to increase as brokers’ appetite for diversification continues,” he added.
Aquamore’s head of distribution Matthew Porch (pictured left) said the lender is “thrilled to partner with YBR to extend brokers’ access to bespoke larger-ticket commercial facilities”.
Porch recently told MPA that the growing sophistication of asset finance literacy among brokers is leading to a third-party boom in the sector.
He expects the appetite for commercial lending to grow stronger as 2025 progresses, thanks to easing recessionary pressures and the likelihood of interest rate cuts from the Reserve Bank of Australia.
“With a more favourable economic outlook, the commercial lending market is expected to see increased demand and further opportunities for brokers and lenders alike,” Porch said in the press release.
