Broker Members

ASTLA clears the way or Finance Brokers to become special Members, known as an Associate Member.

The Australian Short Term Lenders Association (ASTLA) was set up to bring short term business lenders together as One Voice, to lobby the Federal Government over some aspects of Phase 1 of the Credit Reform Act (which came into affect on July 1, 2010), as well as have a seat at the table for Phase 2… which directly relates to business lending.

Initially ASTLA was an association just for Short Term Business Lenders only. Prospective members had to either be known by the Board as lenders, or had to prove they are lenders. However after many media reports on what ASTLA is, and what it is doing to ensure a fair outcome for small business lending, we have received enormous support and feedback from finance brokers.

Brokers who write a lot of business loans and commercial loans, as well as short term business loans (caveat loans) have a lot to lose if certain aspects of the proposed Phase 2 of the Credit Reform Bill were to be implemented. At the very least, the ability to find a lender may be seriously impaired. This all impacts on your business, and will have a major impact on what you can do for your small business clients.

DAMAGE DONE SO FAR.

Many brokers have a lot of clients who buy and sell residential investment properties. Just over 9 months ago, you could obtain short term funding for the purposes of buying or renovating a residential investment property, or paying arrears on such a property. Now it is almost impossible… particularly in a short time frame.

Brokers also call us to advise of other ludicrous situations, such as… an experienced property developer needs $200,000 for 2 months to pay for a short fall in completing a 20 lot subdivision. Because the subdivision is residential, and because it is owned in the name of a natural person (and not in a company), it now falls under the NCCP… meaning most business lenders wont look at the loan.

BECOME A MEMBER.

The number of brokers who have wanted to become a member of ASTLA has been amazing, but we were not able to accept membership applications from non-lenders. Today we announce a new Associate Membership which is designed just for non-lenders (ie: brokers). The cost of Associate Membership is just $150 a year, and applying takes just a few minutes. Simply click HERE to apply.

WHATS IN IT FOR ASSOCIATE MEMBERS?

Associate Members receive everything that the 2 levels of Lender Membership (Ordinary and Premium Membership) gets, with the exception of the internal security alerts on fraudulent deals. So with the exception of the alerts, Associate members receive… An ASTLA Membership Certificate Use of the ASTLA Associate Member logo for your stationery, emails, and website, etc. Regular news alerts on the latest movements on Credit Reform The ability to submit suggestions to ASTLA, and to Government Access to a member-only forum where you can ask questions of ASTLA and other ASTLA members about any related matter (particularly queries to do with the NCCP) Lodge short term scenarios on a SENARIO CENTRAL platform… at no cost. (with goes out to member lenders Australia wide) www.scenariocentral.com.au 
 

Click APPLY NOW to apply in just 3 minutes. 

 In anticipation, we thank you for your support. Should you have any queries, please don’t hesitate to contact us.