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Your Network is Your Net Worth

Why Experienced Brokers Choose Purple Circle 

Mid-to-late career stages can feel challenging in many industries. But at Purple Circle, we’ve seen a different story for seasoned brokers. 

The relationships you’ve built over years, both professionally and personally, start to convert into opportunities. These networks can unlock deals and prospects that newer brokers might take decades to develop. It can be an era of lower effort for higher reward. 

CEO Michael Stephens explains, “We are a good fit when success is measured by the quality of your relationships. Our brokers often say they finally feel their background is an advantage rather than a barrier. And by extension, they feel more valued professionally than ever before because they are finally owning something for themselves”. 

Dunbar’s Numbers

British anthropologist Robin Dunbar’s research suggests that human relationships exist in concentric circles, each representing a different scale of connection. At the core are loved ones, followed by good friends, and so on. Expanding outward are friends, then meaningful contacts. By the time we count acquaintance, most people have close to 500, and finally the broader circle of people you can recognise, numbering around 1,500. It stands to reason that as you move through life, the outer circles grow, expanding your overall network and the opportunities it can provide. 

Within PCFC, culture matters. “It’s human nature to want to feel part of something, and hierarchical aggregator models often get in the way,” Stephens notes. “Servant leadership is at our core: our goals are aligned with our brokers, and everyone has a stake in shared success.” 

Put another way, the more hands you shake, the more money you make. Isn’t it time you reaped the rewards?

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.