(14 July 2008 – Australia) Home loan lender, Wizard, has expanded its product offering with the launch of its new Wizard Business Loan.Wizard said that its new product is specifically tailored to small and medium-sized enterprises (SMEs). It comes in addition to Wizard’s existing suite of commercial finance solutions, including equipment finance and fleet solutions.
The new business loan offers financial solutions up to $5 million, with a competitive and transparent fee structure, as well as approval within 24 hours.
Wizard chairman and founder Mark Bouris said that while small businesses are typically not a priority for many lenders Wizard has specifically designed their full suite of business finance products to address SMEs’ needs.
Bouris also said that Wizard is well positioned to cater for SMEs due to their current business model. This is because Wizard branches are currently owned and operated by small business owners themselves.
Bouris continued that the focus will be on service. He said that in addition to competitive fees and pricing, Wizard will provide consistent and more personalised customer service every step of the way.
GE Money Australia & New Zealand president and CEO Mike Cutter said that despite the ongoing discussions on Wizard’s future, the move proves GE Money will continue to support the Wizard brand and its franchise businesses through these products and new developments.