Home featured Mr Jon Sutton, CEO, ScotPac. Image supplied by ScotPac Featured Small Business Featured ScotPac to launch ground-breaking property-secured SME lending products early in 2022 Clare Loewenthal November 25, 2021 Specialist SME lender, ScotPac, is starting 2022 with a bang, launching three new products that accept property security early next year. This is the first time an Australian non-bank SME specialist lender has moved into offering home loans. ScotPac’s entry into property-secured lending is a response to the challenge business owners face securing a home loan or qualifying for bank funding for their business. ScotPac CEO, Jon Sutton, says this initiative serves a large, underserviced part of the market: business owners who struggle to get appropriate finance. All three products, which will be available to new and existing ScotPac customers, provide access to $20,000 to $2 million per property, or up to $4 million for multiple properties. Terms vary from five to 30 years for the home loan and one to 30 years for the business loan and cash on call products. Mr Sutton says that the new offering “also bolsters ScotPac’s core products of debtor, asset and trade finance by allowing us to help a much broader pool of business owners than ever before.” “ScotPac is willing to take on and service this neglected part of the market, and through our deep understanding of SME businesses and their cashflows, we can provide additional funds and products for their home loan and business needs,” he explains. “All three new