Are you a banker looking for a new challenge and a chance to expand your financial expertise? Have you considered commercial finance broking as a potential career choice?
Commercial finance broking is a field that involves connecting businesses with the right financial solutions to help them grow and thrive. As a commercial finance broker, you would act as an intermediary between lenders and borrowers, helping businesses secure the financing they need to achieve their goals.
This can be an incredibly rewarding career choice, as you would have the opportunity to work with a wide range of businesses across various industries, helping them navigate the complex world of finance and find the best possible solutions for their unique needs. You would also have the chance to build strong relationships with lenders and financial institutions, becoming a trusted advisor and partner to your clients.
But what does the industry look like in Australia? According to recent statistics, the commercial finance broking industry is a growing and thriving sector of the Australian economy. In fact, the industry has experienced significant growth over the past few years, with the value of loans originated by brokers increasing from $46.1 billion in 2015 to $67.8 billion in 2020.
This growth is expected to continue in the coming years, as more and more businesses turn to brokers for help securing financing. Additionally, there is a growing need for brokers with specialised expertise in areas such as sustainability and renewable energy financing, providing an opportunity for brokers to differentiate themselves and build a niche in the market.
So, how do you become a commercial finance broker in Australia? The first step is to obtain the appropriate licensing and qualifications, which can vary depending on the state or territory you plan to operate in. In general, you will need to complete a Certificate IV in Finance and Mortgage Broking, as well as meet other regulatory requirements.
Once you have obtained the necessary qualifications and licensing, you can begin building your career as a commercial finance broker. This may involve working for an established brokerage firm, or starting your own brokerage and building your own client base.
Ultimately, commercial finance broking can be a challenging but rewarding career choice for bankers who are looking to expand their skillset and take on a new challenge.
With the right training, licensing, and experience, you can become a trusted advisor and partner to businesses across a wide range of industries, helping them achieve their financial goals and build a better future for themselves and their communities.