Lumi joins COG Aggregation and Platform Finance’s lender panels
SME funding specialist Lumi has joined the lending panels of COG Aggregation and Platform Finance, giving brokers a broader range of innovative funding solutions to better serve their SME and self-employed clients.
John Clifford, Head of Third Party at Lumi spoke of the dual benefits of this partnership, stating, “For commercial and asset finance brokers, Lumi’s services complement existing offerings perfectly, filling in the financial gaps not covered by asset finance.”
The SME non-bank lender offers secured and unsecured business loans and lines of credit ranging from $5,000 to $500,000, focusing on innovation, customer service and “fast, fair and flexible” funding solutions.
“We’re here to assist with the additional costs your clients may face, from importing machinery to funding recruitment expenses or training staff on new machinery,” Clifford states.
“Our goal is to provide financing solutions that are as unique as the businesses we serve.”
Lumi offers innovative funding solutions, including a rate-reducing business loan that rewards customers for good payment behaviour and a line of credit with no interest incurred when left unused.
Clifford further highlighted the support for mortgage brokers venturing into SME lending, “We’re not just a lender; we’re a partner-led company. For those new to SME lending, our business development managers are eager to provide guidance and support.”
“We understand the varying degrees of involvement brokers prefer, and we accommodate that, ensuring we adapt to the client management approach of every partner.”
“The inclusion of Lumi on the COG Aggregation and Platform Finance lender panels is a testament to the shared vision of empowering brokers with more resources and businesses with flexible financing options.”
“This partnership is set to broaden the horizons for brokers and their clients, facilitating growth and success in the ever-changing commercial landscape.”
Damian Mantini, Head of Strategic Partnerships at Platform Finance said, “COG and Platform are excited about our new relationship with Lumi. It’s important that we continue to add new, innovative lenders to our panel to provide our brokers with the diversity needed to best service their clients. Expanding our SME business finance options complements our existing asset finance lenders and offers our brokers a strong alternative income stream.”