Commercial fintech Semper has joined Lend’s business finance platform to provide funding solutions up to $30 million to facilitate structured debt for the “big end of town.”
The collaboration couldn’t have come at a better time as the demand for sizeable funding is on the rise, according to Donelle Brooks, head of third party at Lend.
“We’re delighted to have Semper join our portfolio of alternative commercial finance lenders,” Brooks said. “At present, there’s sustained requirement for working capital and asset finance from the buoyant agribusiness sector, wholesalers, transport and logistics, and sub-metro ‘opportunity-taker’ property developers that are capitalising on the knock-on effect of the work from home and hybrid office model.”
Semper is a non-bank lender that specialises in $2 million structured commercial debt facilities via property-secured, first and second mortgages – inclusive of all property types.
“Semper is known for enabling businesses to realise opportunity and accelerate growth,” said Andrew Way, director at Semper. “We always take a ‘birds-eye view’ of a company’s overall financial position when considering how to structure funds. Many of these transactions are quite complex and often require debt consolidation, refinance, and a blended product to achieve a sustainable solution that promotes success.”
Lend has also recently extended its working capital stable with online lender APICKLE and specialist lender Australian Business Credit, along with the integration of Selfco Leasing to its asset finance arm.
APICKLE’s pay-as-you-earn plan provides a short trading period from six months and greater flexibility for finance and stock, while Australian Business Credit specializes in products tailed for brokers, planners and property managers. These include Trail Book Loans, Rent Roll Loans and Planner Loans to access funding against ongoing trail and income streams.
No property security is taken or required to benefit from these loans.
On the other hand, Selfco Leasing is an equipment finance company that caters to small businesses in the transport and construction sectors. Its Equity Funding product is for clients who seek to raise funds for equipment that are otherwise difficult to finance, such as engine rebuilds, sheds or non-serialised assets.