INTHEBLACK November 2021 - Magazine - Page 43
SPECIAL ADVERTISING FEATURE
LENDING
SOLUTIONS
FOR THE SELFEMPLOYED
FOR THE PAST 15 YE A RS , M O RTG AG E LE N D E R R E DZE D H AS G IVE N S E LFEMPLOY ED AUST RA L I A NS T HE F IN A N C IA L S U P P ORT T H E Y N E E D TO G E T A HEA D.
SELF-EMPLOYMENT IS A POPULAR OPTION for many
Australians. Data from the Australian Bureau of Statistics
reveals there are currently 2.1 million self-employed workers
across the country – a figure that is likely to rise as people
increasingly look for flexibility and autonomy in their work.
The self-employed workforce accounts for a sizeable
portion of the working population, and yet has historically
endured more than its share of challenges, particularly
when it comes to sourcing funding.
RedZed was set up 15 years ago with the aim of bridging
this gap by arranging flexible loan options for the selfemployed who didn’t necessarily conform to the traditional
bank lending criteria, says Chris Calvert, executive general
manager of distribution.
“With the self-employed, you’re not dealing with a
standard employee who presents their most two recent pay
cheques to the bank to secure their loan. RedZed is focused
on delivering the optimal customer experience by working
with brokers to provide flexible loan options for the
self-employed with a common-sense approach to
decisions,” Calvert says.
RECORD GROWTH AND EXPANSION
Since its inception in November 2006, RedZed has provided
more than 6000 self-employed borrowers with residential and
commercial loans, working directly with customers and their
accountants, as well as a network of third-party brokers.
In August, the company celebrated the milestone
of A$5 billion in loan originations, with the pandemic
heralding an exceptionally busy period in the selfemployed lending segment.
“It’s certainly a growing sector and the life blood
of the economy,” Calvert says.
Last year was also significant for RedZed. In December,
it became the first organisation globally to process
mortgages through the SAP Cloud for Banking platform, as
part of its focus on scalable and flexible technology to
improve efficiencies for staff, brokers and customers.
TIMELY, TAILORED SOLUTIONS
“For the self-employed, who don’t always comfortably fit a
bank’s lending criteria, RedZed offers a more personalised
approach. The team often helps public practitioners
connect their small and medium enterprise clients with
lending solutions,” Calvert says.
“It might be that an accountant has a client wanting to
borrow some money to pay off a tax debt or wanting to
expand their business – for example, purchasing business
equipment. In such situations, a timely response is typically
the customer’s highest priority.
“These are all people who have got businesses to run,
and time really is of the essence when they want to borrow.
We are set up to work with self-employed customers in a
flexible, timely and efficient manner,” Calvert says.
Click here to contact RedZed for more information
RedZed Lending Solutions Pty Ltd ABN 31 123 588 527 Australian Credit Licence 311128. Terms, conditions, and fees apply.
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