The Advisor & Australian Broker
12 October, 2022
Research conducted by OnDeck Australia has found that 6 out of 10 SME’s would consider using a broker for their future financing needs. Furthermore, 86 per cent of small businesses would return to their broker for support in organising finance for the future.
OnDeck Australia CEO Cameron Poolman said “When six out of 10 small businesses say they are keen to use a broker, there are clearly exceptional opportunities for brokers to diversify into commercial finance. As testimony to the strength of demand, OnDeck recorded 43% growth in loan originations in the first six months of 2022 alone.”
“I would encourage small business owners who have not partnered with a broker to discover just how streamlined the process of applying for, and securing, business finance, can be when you have a broker on your side.”
OnDeck’s use of technology allows applications for the lender’s unsecured Lightning Loan to be assessed in as fast as one hour, with funding up to $150,000 delivered to approved applicants in as little as two hours.