Join now to benefit from Membership shares.First-in best-dressed limited-time offer
Purple Circle is the first aggregation company in Australia who’s Members can earn shares in the company, simply by doing what they’re already good at – writing loans!
Our Members receive all the services and tools you would expect from a market-leading aggregator plus a whole lot more.
At Purple Circle we take a co-operative approach to building best practice. Our Members have a strong say in the strategic direction of the company which allows us to not only provide what Brokers need to succeed in business, but also what they want.
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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.