Suncorp increases terms and LVRs in SME lending

14th Jun, 2022 | Branch News 14 June 2022, Lender Updates

In this article:
Supporting your small business customer’s lending needs.

New approach to SME lending

Suncorp is excited to share some recent changes they have made to their SME lending policy, which has put them in a stronger position to support brokers with their small business customers’ lending needs.

They have also reduced the documentation required to submit an application, which makes them easier to do business with.

They have changed to a tiered pricing structure, which offers a rate discount for lower LVRs whilst remaining competitive at higher LVRs. This allows brokers to support different leveraging positions of their clients to suit their working capital requirements.

They are also extending their current special offer on their flagship Small Business Essentials product:

Suncorp SME training sessions

Due to the positive feedback on their new policy from their broker partners, they have organised Suncorp information sessions for their brokers in the coming weeks.

If you have any questions, refer to your YBR BDM.