The Industry Background
The finance broking industry has approximately 12,000 brokers nationally; 1,500 in South Australia. The majority of the brokers specialise in home loans. In South Australia some 60 brokers regularly write equipment and business/commercial loans. Broker market share for home loan sector is matured at approximately 52%; compared to commercial loan sector which is currently in a growth stage. Professional Finance Intermediaries carry out work on behalf of their client, per agreed terms and conditions, otherwise known as a finance contract.
As has happened with the insurance industry, followed by the home loan broking industry: I believe Business/Commercial Finance Brokers are on the cusp of significant growth.