Lend.com.au Review and Analysis
Lend.com.au came out with a bang when AusRegistry announced has proudly announced the founder, Shaun McGowan, has secured the domain name for an amount of $35,000. Mr McGowan has been interviewed and explained the importance of getting a good domain name, and based on this interview he is a top-notch internet specialist.
Prior to Lend.com.au, Mr McGowan has established one of the most impressive aggregators in the personal finance space in Australia – CarLoans.com.au. He sold the firm to a VC which took it public, and is now a part of Exlipx, a publicly traded company with revenues of $500m a year.
Thus, it is safe to assume that Lend.com.au is a professional website which had a lot of resource and professional attention put into.
Lend.com.au Review 2.0: How does it work?
Lend.com.au is essentially a marketplace of lenders that matches potential borrowing small business owners with the lender that matches its criteria. The site boasts itself as a business financing comparison website, but in our humble opinion it is more of a “smart wizard”.
The way it operates is rather straightforward. You go on the site, fill in the requirements you have and the purpose of your business financing, and then… you don’t get any indications whether they got your details alright and whether there are any lenders available for your requirements. We have conduct multiple tests on the platform and it seems that irregardless to the details you put in, you get a blatant response that does not convey what are your chances of getting a loan.
There is in comparison to Lending Express which is a similar lending platform in Australia. You can use our calculator below to estimate your chances of being financed before even make the first step!
SME Loan Calculator (Click to Open)