HOW CAN PRIVATE LENDING HELP ME

There are many reasons why borrowers are turning to non-bank private finance as a source of finance, one of which may be due to the recent economic changes as a result of the coronavirus which has changed the landscape of the banking and finance industry, subsequently impacting the self-employed in a big way.

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The impact is so tremendous, it's not only limited to financial difficulties, but also emotional trauma as well. And while on a commercial perspective we understand the valid reasons the banks have tightened their lending criteria, there still remains the critical issue of where the hell does that leave the everyday Australian like you and I.

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Our financial services team receive hundreds of calls from self-employed business owners everyday with all kinds of heart felt stories advising us of the challenges that they are now facing. The simple truth is that at the moment, not all, but for some it’s a matter of survival, and staying liquid is paramount in order to continue putting food on the table for their staff and families, as well as themselves and hopefully trade out of these difficult times.

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We have been working with the self-employed borrower of all kinds longer than we care to remember and pardon the pun, but as the old saying goes, we have forgotten what most know. Our team understands the self-employed lending landscape more than the average bank manager, and you can be sure that if we cannot provide you with the funding, then its most likely that no one else can.

For this purpose, if you're in a critical situation, we urge you to contact our office as quickly as possible so we can commence on organising your approval as quickly as possible. The process is fast & hassle-free. Specialist lending is all we do all day every day and is at the core of who we are for the last 25 years. We understand that by keeping businesses commercially liquid during times of distress, we are going to be able to provide the best possible platform for our clients to trade through these economic and turbulent times.

Approvals can be issued within 4 hours and can be applied for in the name of either an individual sole-trader, company, or family trust unit by providing a few basic details, with the subsequent settlement possible within 24-hours or next business day of signing of all documents.

HOW WILL I KNOW WHAT FINANCE OPTION BEST SUITS ME?

Knowing what type of a private loan can be rather complex without the assistance of an experienced business lending consultant. And because every individual’s reason for seeking a private loan can be quite unique, it is important that the applicant speak with one of our lending consultants who will provide general advice by identifying potential opportunities for the borrower’s consideration.

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As a general consensus the type of finance product can depend on many factors such as the purpose of the loan, how much built up equity is in any given residential or commercial property being offered as real-estate security, as well as what the council zoning of the security property that is being considered for purchase or refinancing.

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With banks in recent times taking such a tough stance with all forms of residential and commercial finance & mortgage lending, obtaining a private caveat loan as a financial service can be very beneficial if done so in a sensible manner.

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In saying this, we remind any individual considering applying for a private business loan to always obtain independent financial and legal advice before considering what’s right for them. Once the decision has been made, our contact centre is open for any in-depth questions you may have, where one of our business banking representatives will go through a series of basic questions to understand your overall picture, so to determine what best applies to you.

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Questions such as how much cash do you require, what type of real-estate security are you offering, what loan term do would you prefer e.g. 3, 6, 12, or 24 months would you prefer, and do you need a revolving line of credit for long term use. Once these details have been established, our consultant will be able to send you a letter of offer for your consideration. 

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We have successfully funded many clients that required simple, fast, and no-nonsense finance assistance in many instances where mainstream banks were unable to assist.  

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Here are some instances where private lending may offer financial relief:

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• Purchase a house

• Construction finance

• Property development

• Refinance existing mortgage

• Release equity within property

• Payout overdue ATO tax debts

• Obtain revolving business overdraft line of credit

• Acquisition or purchase of real-estate land or investment property

• Raise capital for the start up or expansion new or existing business, rather than an IPO

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Other advantages of private non-bank loans can be but not limited to:

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• Low Doc finance is available where financials & tax records are not available

• Bad credit ratings are irrelevant and still able to obtain finance without discrimination

• Private funding offers the fastest access to capital from $50k all the way to $300million

• Business and personal loans can be approved within 24-hours when using real-estate security

• If your able to provide us with a current letter of offer from a comparable finance lender, we will better the interest rate & fees to prove that our rates are the cheapest on the market. That's our promise.

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To find out more contact us 7 days a week by calling 1300 364 659 or email us via our contact link below. We will always find a way.

WHAT YOU NEED TO GET APPROVED

Complete our quick application form.

Council rates notice for the security property. 

Recent mortgage statement. (if applicable) 

100 points identification for all applicants. 

That's your part done...

As a duty of care we request that all applicants seek independent legal advice before considering what's right for them.