Waddle has joined the Connective Asset Finance Lender Panel

November 2nd, 2018

Connective Asset Finance is pleased to announce that Waddle has joined our lender panel. Waddle is an innovative lender specialising in debtor finance. They also provide a progressive online application platform which issues a pre-approved credit limit in seconds upon your client clicking ‘Get an offer’.

What is debtor finance?

Debtor finance refers to a group of working capital products where the underlying loan collateral is the accounts receivable assets of a business. This product type is also known as invoice finance.

With Waddle, you can offer your clients a line of credit to bridge the gap between their outgoings and future income. This is an incredibly useful service for SMEs as it allows them to access funds faster to:

• Pay wages
• Pay creditors
• Purchase inventory
• Purchase equipment and machinery.

How can you put this service to use in your business?

Waddle’s product offering can be used in just about any kind of business, to provide low-cost working capital. Read this great case study on the Waddle website to find out how they helped a large transport company fund their operational expenses and growth. This case study tells how Waddle was able to support an entrepreneurial organics start-up to overcome their challenges and achieve success.

The great thing about Waddle’s products and service is that your customers don’t need to pledge property assets to secure a loan. It’s a fast, simple and cost-effective solution to create cash-flow and plug the gaps in the payment cycle.

Waddle is popular with businesses that operate in multiple industries, including:

• Wholesale, Import & Export Businesses
• Manufacturing
• Transport & Logistics Businesses
• Recruitment & Labour Hire.

Some extra features & benefits of Waddle

• The Waddle platform is a certified accounting add-on that works with Xero, MYOB and QuickBooks – funding is streamlined and fast
• No lock in contracts, minimum spends or fixed on-going fees
• No property security is required
• Funding can be arranged in as little as 24 hours and used when needed
• Clients can nominate which of their customers they want to fund.

Additional resources for Connective members

To find out more, Waddle has created a resources page exclusively for Connective brokers. Visit the site and watch their explainer videos, view their FAQ section and access a comprehensive ‘how it works’ knowledgebase.

You can also register your own Waddle Partner Account here. If you’d like to know more about incorporating this new income stream into your business, talk with your local Broker Support Manager, or contact your Connective Asset Finance BDM today using the details below.

• Steve Light Connective Asset Finance BDM for VIC/SA/WA Phone: 0499 399 433 or email stephen.light@connective.com.au
• Phillip Meehan Connective Asset Finance BDM for NSW/QLD Phone: 0488 788 839 or email phillip.meehan@connective.com.au

Your client’s full financial situation will need to be reviewed prior to the acceptance of any offer or product. Subject to lender fees, terms conditions and lending criteria.