A guide for partners and brokers
Working with us
A flexible loan facility for SME’s
Flexible Business Loan
What are our minimum requirements?
Profitable
The business is profitable.
Affordable debt
The business can afford to take on additional debt based on recent profits.
Trading > 12 months
The business (and ABN) should be at least 12 months old.
Flexible Small Business Loan Product
We require the below basic information in order to provide a conditional approval.
“Lite” Low Doc
$20K-$50K
Low Doc
$50K-$100K
Full Doc
$100K-$250K
Generous commissions for partners
Why Propell?
The process
2 – We’ll provide an indicative outcome
Lite credit checks only will be completed at this stage.
3 – Collation of any additional information
We may need to clarify certain aspects of the information provide.
4 – You’ll receive a conditional approval
We’ll provide you with an offer of amount and rate to discuss with your client.
5 – Permission for final credit checks and KYC
We’ll perform all final checks and verify the client.
6 – Loan contract and funding
We fund the client and you will receive your commission that day too.
Partner Expressions of Interest
FAQ’s
Here are some answers to our most common questions from brokers and partners.
Commissions are paid when the loan is funded to the client.
Here is an example of a Propell repayment schedule
There are several stages to the assessment
- The preliminary approval when you provide us with the initial scenario to vett, will have no impact the clients credit file.
- Once presented with a conditional approval within our online application form, there will still be no impact to the clients credit file.
- Only if the client ticks our T&C’s to agree to proceed with the application, they will be advised that we are requesting access to their credit file.
Once we have offered you a preliminary indication of approval, you can go ahead and request your client to submit an application.
This is done online (using your brokerage unique application link). The client is required to complete just 4 short pages including:
01 – Setting up their secure login
02 – Adding their ABN and business details
03 – Confirming their director ID
04 – Connecting their bank account details so we can undertake a full assessment in real time
Platform Partners
