Prospa launches education initiative

Prospa launches education initiative

The SME lender has launched a new, interactive education program to assist brokers transition into SME lending.

Prospa has announced the launch of a new education program that seeks to help brokers “future-proof” their businesses, providing tips on diversifying into small-business lending.

The program, titled “How to Prospa”, was reportedly developed in collaboration with a range of industry leaders to assist brokers in seizing the opportunity of SME finance, which is estimated to be worth $20 billion per annum in Australia.

Alex Brgudac, head of partnerships at Prospa, stated the program was created in response to growing industry recognition of the significance of SME finance.

“Brokers in our network are onboard with the concept of diversifying into small-business lending and are keen to help the 2.3 million SMEs in this country access funding,” Mr Brgudac said.

“What we’re hearing is: they have a strong grasp of the ‘why’ but not so much the ‘how’.”

Mr Brgudac said the interactive initiative will provide brokers with “access to independent industry experts”, with a different business funding topic addressed in each series of the program.

The first instalment of the program will consist of a live-streamed webinar, hosted by industry mentor Nancy Youssef.

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Source: Prospa launches education initiative – The Adviser