Aggregator to revive equipment finance business

by Adam Smith15 Nov 2012

A major aggregator has announced it will relauch its plant and equipment finance arm.

Speaking at the Connective conference on the Gold Coast, principal Murray Lees said the company would relaunch plant and equipment finance in 2013.

Lees said Connective had received positive feedback on the program in the past.

"It's one of those things that the brokers who make use of say is one of the best things they've ever used. It's relatively easy money and relatively quick money," Lees said.

Lees touted equipment finance as a good area of diversification for brokers.

"We all know the hassles and timeframe involved in settling a home loan. All your clients have car and finance needs, so you should be pushing it out there. If it's appropriate for your business it's relatively easy money," Lees said.