Overview & Purpose
This Target Market Determination (TMD) has been prepared by Breezy Loans Pty Ltd (ABN: 29 627 702 943, Credit Representative 514197 under ACL 389610), trading as Breezy Business Loans, in compliance with the Design and Distribution Obligations (DDO) under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019, and ASIC Regulatory Guide 274.
This TMD describes the class of consumers for whom the loan products referred through our platform are — and are not — appropriate. It is intended to ensure that our distribution approach is consistent with the likely objectives, financial situation, and needs of the target market.
Important: Breezy Business Loans acts as a credit representative and referral service. We do not directly issue credit products. This TMD reflects the target market for the products we refer customers to, based on the product parameters provided to us by lenders in our network.
Date TMD Prepared: March 2026
Review Frequency: At least every 2 years, or earlier if a review trigger is met.
Applicable Products: Equity Loans and Business Loans referred through breezybusinessloans.com.au.
Equity Loans for Business — Target Market
Product Description
Short-term property-secured business loans ranging from $20,000 to $2,000,000, secured against residential or commercial real property. Terms of 1–12 months. Also known as caveat loans, bridging loans, collateral loans, second mortgage loans, or capital release loans. No financial statements required. Optional payment holiday of up to 6 months (capitalised interest).
Target Market — Who This Product Is Appropriate For
| Criteria | Target Market Description |
|---|---|
| Entity Type | Australian businesses (sole traders, companies, trusts, partnerships) with an ABN |
| Property Ownership | Owns or has equity in Australian residential or commercial real property |
| Loan Purpose | Short-term business funding: working capital, equipment, property acquisition, business purchase, refinancing, or bridging to longer-term finance |
| Repayment Capacity | Has a clear, realistic exit strategy for repayment within the loan term (e.g., property sale, refinance, settlement of receivables) |
| Loan Term Alignment | Requires funding for 1–12 months — not suitable for long-term financing needs |
| Risk Tolerance | Understands and accepts that default may result in enforcement of security over property |
| Credit History | Acceptable with impaired credit history — product is designed to accommodate non-conforming borrowers |
Not in Target Market — Who This Product Is NOT Appropriate For
This product is not appropriate for consumers who:
- Do not own real property or lack sufficient equity to secure the loan within permitted LVR limits (75% residential / 70% commercial).
- Require long-term finance (over 12 months) and do not have a clear exit strategy.
- Are seeking credit for personal, domestic, or household purposes.
- Cannot comfortably accept the risk of losing property used as security.
- Are in financial hardship without a realistic prospect of repayment.
- Are not Australian residents or do not hold a valid ABN.
Business Loans — Target Market
Product Description
Secured and unsecured business loans from $20,000 to $1,000,000 with terms from 3 months to 5 years. Secured loans from 6.8% p.a. (require collateral). Unsecured loans from 9.5% p.a. (assessed on business cash flow, max $250,000). For business purposes only.
Target Market — Who This Product Is Appropriate For
| Criteria | Target Market Description |
|---|---|
| Entity Type | Australian businesses (sole traders, companies, trusts, partnerships) with a valid ABN |
| Trading History | Actively trading business; minimum 3 months trading for unsecured products (varies by lender) |
| Loan Purpose | Business purposes: working capital, equipment purchase, vehicle/transport, fit-out, property acquisition, business acquisition, debt refinancing |
| Repayment Capacity | Demonstrated or projected capacity to service regular loan repayments from business revenue |
| Loan Amount Alignment | Loan amount is proportionate to business size, revenue, and purpose |
| Credit Status | All Great, or disclosed impaired credit history — lenders assess individually |
| Business Sector | All legal Australian business sectors including construction, hospitality, healthcare, retail, transport, agriculture, manufacturing, professional services |
Not in Target Market
This product is not appropriate for consumers who:
- Are seeking credit for personal, domestic, or household purposes.
- Do not have a valid Australian ABN or are not operating a legitimate business.
- Cannot demonstrate any capacity to service loan repayments from business activity.
- Require amounts outside the $20,000–$1,000,000 range.
- Are subject to insolvency administration without a clear restructuring plan.
Distribution Conditions
Breezy Business Loans will only distribute (refer) these products to consumers who are likely to be within the target market as described above. Our distribution conditions include:
- All applications are submitted via our online platform at breezybusinessloans.com.au, which includes eligibility questions designed to identify consumers within the target market.
- Our website clearly describes product features, typical customers, and suitability considerations to assist consumers in self-selecting.
- Application forms collect key eligibility information (ABN, property ownership, loan purpose, trading history) to assess target market alignment before referral.
- We do not proactively refer consumers to equity loan products where they have indicated they do not own property.
- We do not distribute these products to consumers who have indicated their purpose is personal, domestic, or household.
- All marketing and advertising clearly identifies the products as business finance products.
When This TMD Will Be Reviewed
This TMD will be reviewed at least every 2 years and also promptly if any of the following review triggers occur:
- A significant increase in customer complaints or disputes related to product suitability.
- Material changes to the product terms, fees, or target customer base by lenders in our network.
- Significant changes to applicable legislation, ASIC guidance, or regulatory requirements relating to DDO.
- Identification of a pattern of distribution outside the target market.
- Feedback from lenders in our network suggesting our referrals are consistently outside their target market.
- Material changes to our distribution channels or marketing approach.
Following a review trigger, we will assess whether the TMD remains appropriate and update it within 10 business days of determining an update is required.
Reporting & Complaints Feedback
In accordance with our DDO obligations, we maintain records of complaints related to product suitability and distribution, and report significant issues to the issuing lender(s) within required timeframes.
If you believe you have been referred to a product that is not appropriate for your needs, please contact us at hello@breezybusinessloans.com.au so we can review and improve our distribution practices.
A copy of this TMD is available at breezybusinessloans.com.au/target-market-determination and will be updated following any review. If you are a lender in our network and require reporting data or have feedback on our distribution approach, please contact us directly.
Document Version: 1.0 | Effective Date: March 2026 | Next Scheduled Review: March 2028