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Don’t keep your head in the sand any longer… by staying with your financial aggregator.

business man with head in sand

If your financial aggregator treats you with indifference, now is the time to consider switching to one of Australia’s best challenger groups – Purple Circle Financial Services.

Here are 12 good reasons to ‘pull your head out of the sand’ and join Purple Circle…

  • Shares: Become a shareholder just by writing loans.
  • Commission options: 3 flexible options to choose from – Flat Fee, Percentage Split or Hybrid.
  • Broker ownership: The company is owned by its members and founders, all with a common purpose.
  • Broker Buddies: Being a broker can be a very isolating and lonely experience. ‘Broker Buddies’ in every state make sure you always have someone to talk to who understands your world.
  • Broker culture: Enjoy a broker-centric culture.
  • Market-leading technology: Salestrekker helps our brokers gain a clear competitive advantage by reducing workloads and streamlining workflows. ‘THE’ smart brokers’ platform of choice.
  • Compliance made easy: We recognise compliance should be a business enabler, not inhibitor. Salestrekker’s capabilities make compliance super-easy.
  • Diverse lending panel: 61 lenders! We don’t want any broker to miss out on niche loan opportunities for their clients.
  • Award-winning: 2020 Boutique aggregator of the year and multiple other finalist categories.
  • Marketing automation: Generate new business and keep clients.
  • No lock-in contracts: We back ourselves to deliver the best outcome for you. If you’re not happy, we won’t hold you against your will.
  • We’re good, so just join us! Always referred to as ‘the good guys’ because of our unrivalled integrity and ethics – we are serious about your success.

Become part of a Broker Community like no other…

Contact us now!

Small and Medium Enterprises (SME) Guarantee Scheme

The Scheme will enhance lenders’ willingness and ability to provide credit and will be available for new loans made by participating lenders until 30 September 2020.

The Government will provide eligible lenders with a guarantee of 50% per cent of new loans. Some generic terms are:

  • Businesses with a turnover of up to $50 million.

  • Maximum total size of loans of $250,000 per borrower.

  • Loans will be up to three years, with an initial six month repayment holiday.

  • Unsecured finance, meaning that borrowers will not have to provide an asset as security for the loan.

Reduced Interest Rates

Consider your current banking arrangements. The Reserve Bank has recently reduce the cash rate and lenders have passed this on to various loans they have.

Instant Asset Write Off

An increase in the instant asset write-off threshold from $30,000 to $150,000 30 June 2020.

Deferment of Loan Repayments for up to 6 Months

The banks are developing their own approach as to how to deal with requests from their clients for repayment holidays. Some are automatically granting the request, others are assessing the requests individually.