Lender’s receivables-backed facility now available to LMG brokers and clients
LMG Asset Finance has expanded its lender panel with the inclusion of global business lender TP24, broadening the credit options available to Australian small and medium-sized enterprises.
TP24, which operates in Zurich, Manchester, and Melbourne, provides revolving credit facilities for businesses, using real-time data and technology to tailor funding to business needs. The company was established by former bankers and aims to offer flexible credit solutions that align with the cash flow cycles of modern businesses.
“TP24 is a great addition to our panel,” said Tim Wells (pictured left), head of operations – asset finance at LMG. “They bring a truly modern approach to business lending, one that’s based on real-time data, flexibility and trust. Our brokers are always looking for ways to help their clients grow, and TP24 gives them another powerful tool to do just that.”
The TP24 facility, now accessible to LMG brokers and their clients, is secured by receivables rather than traditional personal property. This structure removes the requirement for directors to use personal assets as collateral, offering a more adaptable approach to business lending.
“We’re excited to join the LMG lender panel – an important milestone that strengthens our commitment to supporting Australia's vital network of brokers and their business clients,” said Adam Lane (pictured right), group chief executive officer at TP24.
“At TP24, we know that speed, transparency, and flexibility are non-negotiable for SMEs seeking timely lending. Being part of LMG’s platform means brokers gain instant access to our streamlined credit solutions – backed by clear underwriting, dependable fulfilment, and dedicated broker support.”
Donelle Brooks (pictured centre), head of client and partnerships at TP24, said the partnership would make TP24’s funding lines more accessible to brokers and their clients. “Joining the LMG panel is a fantastic step forward for TP24 in Australia,” she said.
“We’re thrilled to make our flexible funding lines more accessible to brokers and their business clients across the country. At TP24, we understand that no two SMEs are alike, so we’ve designed our facility to adapt to the rhythm of each business, without the red tape.
“For LMG brokers, this means more options and greater confidence in matching clients with a funding partner that truly understands their needs. We’re excited to support LMG’s incredible broker community and help more Aussie businesses thrive.”
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