Metro Finance, one of Australia’s leading independent non-bank lenders for asset finance, has announced significant changes to its big ticket asset offering; doubling the previous borrowing capacity for commercial customers within Metro’s national broker network.
Under the new increase from Metro, individual deals on big ticket assets have grown to $1 million, with a total loan exposure of $2 million. Previously, Metro’s big ticket asset commercial offering was up to $500,000 on single assets with a total exposure of $1.5 million.
The sizable increase in borrowing capacity for commercial customers comes as Metro further cements itself as one of the largest non-bank lenders in the market and continues to support its brokers and SMEs by providing greater exposure and larger loan sizes to facilitate further diversity of transaction types.
Metro Finance CEO, David Albest, was pleased to be offering customers such a significant increase in big ticket asset finance.
“The increase in Metro’s loan offering is yet another example of the business listening to its brokers and customers, and delivering,” he said.
“With this enhanced offering, we will also bring the same depth of knowledge and high levels of service that we already provide to small ticket commercial lending.
Additionally, as part of the increase we will offer discounted pricing on larger transactions to further provide a competitive alternative to traditional lenders.”
With more borrowing capacity than ever before, Metro commercial customers can use the increase to finance a range of big ticket assets like medium and heavy commercial vehicles, earthmoving and civil construction equipment, as well as agricultural and industrial equipment.
Recently, Metro’s MetroEco green lending program received an additional $50 million funding commitment from the Clean Energy Finance Corporation (CEFC) – this new investment doubles the CEFC’s total commitment to $100 million, highlighting the strong demand from businesses ready to embrace sustainability in a number of different ways.
Since launching MetroEco in July 2024, Metro has supported over 4,000 electric vehicles hit the road across 26 different brands, along with funding energy-efficient equipment and battery technology — all made possible with competitive interest discounts for eligible green assets.
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