Credabl, a specialist lender to medical professionals, has successfully secured support from the Australian Office of Financial Management (AOFM) as part of the Australian Government’s AU$15 billion Structure Finance Support Fund.
We are grateful to have the AOFM’s support in our endeavours. This helps us to support frontline healthcare workers particularly in these times of need
Establishment of the SFSF was announced in March 2020. The Fund enables the Government to support continued access to funding markets for small and medium enterprises impacted by the economic effects of the Coronavirus, and to mitigate impacts on competition in consumer and business lending markets.
The AOFM joins ANZ and other key warehouse funding participants including a large ASX listed investment management firm and other institutional investors in supporting Credabl’s funding platform.
Credabl provides tailored personal and business finance solutions to medical, dental and veterinary professionals. Since being established in 2017, it has originated loans in excess of $600 million.
Stafford Hamilton, CEO of Credabl, said the additional facility will support the provision of finance to medical professionals and, by extension, the Credabl business.
“We are grateful to have the AOFM’s support in our endeavours. This helps us to support frontline healthcare workers particularly in these times of need,” Mr Hamilton said.