Prime Capital provides mortgages to SME clients throughout Australia. The business originates receivables exclusively though mortgage brokers and is proud to support more than a thousand active brokers across all states and territories, including 68 of the Mortgage Professional Australia Top 100.

Prime Capital was founded in 1997 by its current shareholders. Since inception, the business has remained solely focused on SME mortgages. Its distribution, servicing and capital-management systems have therefore become highly specialised within this market segment, resulting in high-quality service levels for borrowers, brokers and capital providers.

Prime Capital is grateful for the funding support it has received over the years from Australian industry superannuation funds and European reinsurance companies. More recently, the business has transitioned to the Australian securitisation market with the establishment of two warehouse programmes.

The business is focused on mortgages for SME business clients distributed through the Australian mortgage-broker network. Prime Capital has had zero losses of principal since inception in 1997.

Funding is sourced from three key areas:
• Two existing warehouses.
• Debt of A$50 million of Austraclear notes.
• Equity from an initial share subscription of A$10 million and a zero-dividend policy that has resulted in accumulated profits over 23 years.

Paul Scanlon
Chief Executive
+61 2 8599 2599
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www.primecapital.com.au