The partnership expands SME finance options for LMG brokers
LMG, Australia and New Zealand’s largest broker aggregator, has announced the addition of small business lender Lumi to its lending panel, offering brokers an alternative finance option for their SME clients.
Lumi specialises in unsecured low-documentation loans of up to $500,000, with funds accessible as early as the next business day. The lender aims to support small business cash flow and facilitate growth through its streamlined loan process.
Tim Wells (pictured above left), asset finance head of operations at LMG, welcomed the inclusion of Lumi, highlighting the simplicity and speed of their loan offerings as key factors in the decision.
“Providing value and options to our brokers, and in turn their clients, is at the forefront of what we do,” Wells said. “We’ve noticed an upwards trend of SMEs turning to brokers for their business funding needs. Having Lumi on the panel ensures we can facilitate the types of deals our brokers are demanding – it’s a real value add to the network and broker businesses.”
John Clifford (pictured above right), head of broker at Lumi, also expressed enthusiasm for the partnership, noting that Lumi’s products complement LMG’s existing asset finance offerings and provide additional funding options for SMEs.
“Our unsecured loans and lines of credit offer flexible financing options for brokers,” Clifford said. “In line with our philosophy of transparency, brokers can be confident that their unique scenarios have an innovative solution.”
He added that Lumi, as an SME itself, understands the challenges businesses face in securing growth funding and aims to simplify the process with its hassle-free financing solutions.
“The Lumi team is excited to be joining Australia’s largest aggregator, leveraging their network of highly experienced and diverse brokers,” Clifford said.
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