Lombard Finance Australia - Financial Business

Lombard Finance Australia, a well-established player in the Australian financial landscape, primarily focuses on asset finance solutions for businesses. While not a household name like the major banks, Lombard Finance plays a vital role in supporting the growth and operations of small to medium-sized enterprises (SMEs) across various sectors.

Their core business revolves around providing secured loans and leases for a broad range of assets, including commercial vehicles, construction equipment, agricultural machinery, and even specialist plant and equipment. This type of financing is crucial for businesses that need access to essential equipment without the upfront capital expenditure required for outright purchase.

One of Lombard Finance’s key strengths lies in their specialization. They understand the nuances of different industries and the specific asset requirements of various businesses. This allows them to offer tailored finance packages that align with the unique cash flow and operational needs of their clients. Unlike traditional banks with broader portfolios, Lombard Finance can provide more flexible lending criteria and faster turnaround times for asset-backed loans.

Their customer base typically includes businesses that might find it challenging to secure finance from mainstream lenders. This could be due to their size, operating history, or the specialized nature of the assets they need to finance. Lombard Finance’s risk appetite, while still prudent, often allows them to consider applications that might be rejected elsewhere.

In terms of their operational structure, Lombard Finance operates through a network of brokers and direct lending channels. The broker network extends their reach across Australia, allowing them to serve a wider range of clients and industries. Their direct lending channel caters to businesses that prefer to deal directly with the finance provider.

The company’s success is built on a combination of factors: a deep understanding of asset finance, a flexible approach to lending, a strong broker network, and a commitment to providing excellent customer service. They aim to build long-term relationships with their clients by offering tailored solutions and ongoing support throughout the life of the loan or lease.

Looking ahead, Lombard Finance is likely to continue to play a significant role in the Australian SME finance market. As businesses increasingly rely on asset finance to fuel their growth, Lombard Finance’s specialized expertise and flexible lending solutions will remain in high demand. The company will likely focus on further developing its technology platform to improve efficiency and enhance the customer experience, while also exploring opportunities to expand its product offerings and reach new markets within Australia.