Metro Finance was established in 2011 as a first-tier, prime Australian commercial auto and equipment lender. Metro targets high-quality SME borrowers who operate in low-volatility industries and are seeking to purchase small-ticket auto and equipment assets. This strategy has resulted in a low loss and arrears history.

Metro is primarily a commercial lender. In 2021, Metro began originating novated leases. It also commenced originating consumer National Consumer Credit Protection Act regulated loans in 2022.

Metro has recently experienced significant growth in origination volume, which it expects to continue over the year ahead, especially in its novated and consumer lending products.

Metro originates its lending through the commercial auto and equipment broker and aggregator industry nationally. It applies an accreditation process to the selection of its originators. Metro’s network of brokers provides it with a large footprint of origination partners around Australia, though predominantly concentrated on the eastern seaboard.

Metro has been privately owned since inception by chief executive, Phillip Crossman, and the Balmain Group, a leading Australian nonbank investor and lender in the commercial property debt sector.

Metro competes directly with the major banks in the prime commercial auto and equipment space. The company differentiates itself from competitors via a high-service model that relies on an advanced technology platform, product innovation, high-quality customer service and quick application turnaround times.

Metro’s product offering includes commercial and consumer finance agreements, finance leases and novated leasing. The business continues to focus on expanding its product offering to drive growth and diversity in its loan book. Risk in the loan portfolio is diversified across geographical regions, borrower industries and asset types.

George Pappas
Treasurer
+61 2 8650 4047
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metrofin.com.au