Skip to content

Purple Circle named Australian Broking Awards finalist in three categories

Purple Circle is proud to share the exciting news of being named a finalist in three categories of the 2023 Australian Broking Awards.

For the past 13 years, the Australian Broking Awards has recognised leaders of the Australian mortgage industry. The annual awards ceremony celebrates those “influencing the profession and propelling the industry forward.”

Purple Circle has been shortlisted for the following awards:

The Adviser Australian Broking Awards 2023 - Purple Circle

Boutique Aggregator of the Year

The Adviser Australian Broking Awards - Purple Circle

CRM Platform of the Year

The Adviser Australian Broking Awards - Purple Circle

Training and Education Program of the Year

We’re honoured to have been nominated in these categories. It’s a testament to the hardwork, dedication and industry-leading practices that define Purple Circle.

We strive for excellence not for accolades, but to provide exceptional service to our valued brokers and members each and every day. The recognition we’ve received in industry awards are just a bonus and a little extra motivation to keep doing what we’re doing.

The 2023 Australian Broking Awards will be held Friday, 11 August at The Star in Sydney, NSW.

Thank you for your support and stay tuned to see how Purple Circle performs at the event.

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.