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Being a broker with Purple Circle just got even better!

Three kids with purple lollies

If it wasn’t already great enough being a member of Purple Circle, it just got a whole lot better…

Purple Circle has recently partnered with Salestrekker, regarded as THE premium broker software CRM platform.

The team at Purple Circle are thrilled to be able to share it with all their new and existing members. CEO Michael Stephens said “It’s a total gamechanger for our broker members. We’ve known about Salestrekker’s intuitive capabilities and solutions for a few years, and it’s taken a while, but now it’s here, and our members are as excited as kids with lollypops!”

Purple Circle members now enjoy:

  • Salestrekker CRM platform;
  • Direct lender gateways via NextGen’s ApplyOnline and Simpology’s Loanapp;
  • Choice of 3 Commission plans – Flat fee, percentage based and hybrid;
  • Access to 50 residential lenders, 27 commercial and small business lenders, 13 asset and personal finance lenders and 6 other providers;
  • The ability to become a shareholder;
  • Exclusive access to the PCFS collaborative Facebook member forum and more…

If you are interested in finding out more about Purple Circle and their partnership with Salestrekker, click here to get in contact!

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.