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Suncorp limits equipment finance

25 July 2008 4:42PM
Suncorp earlier this week advised many finance brokers not to submit any more applications for equipment finance until further notice.The bank did not confirm the decision in a couple of calls this week, but a number of brokers said they received emails from the bank.Suncorp may be rationalising the number of brokers it deals with and so still willing to originate leasing and business finance through a small number of volume introducers (and which in this lending niche includes select transport companies as well as conventional brokers).

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