who are our business clients?
Here’s a great starting point to help you determine how much you could borrow when applying for a privately funded secured property or land caveat loan. Your borrowing capacity relates to your current equity position less loan fees, less loan interest, less existing debt (if any) and broker fees (if any).
This calculator will give you an estimate on how much you can borrow. Then, if the result works for you, simply select the apply now button and tell us your details. There are no upfront application or commitment fees. A security assessment fee per property may apply when you're ready to proceed depending on LVR.
Simply click this button or any of the apply now buttons on our website apply now and take a minute to complete the information we require.
You'll know we've received your submission as an automatic email will be sent to you as confirmation.
Allow an hour or so during business hours for a manager to review the details in your submission and assess the loan for suitability.
You will receive a call to discuss your requirement in more detail.
If our assessors are happy with the information provided, you will receive an indicative loan approval.
Our loan applications require the following for each Director, each Guarantor and owners on the title(s):
Drivers Licence(s), Council Rates notice(s), Trust Deed(s) if applicable, bank or non-bank loan statements (can be from the internet) clearly showing borrower name(s) and loan balance(s) if applicable, Payout Amount(s) for loans or caveats that are to be paid from settlement funds if applicable.
Upon receiving your online loan submission, generated when you clicked the apply now button, an assessor will review everything you have told us and if we can provide you with a loan, you'll be provided with an indicative approval letter that includes a list of items we now require to finalise our due-diligence.
Accepting our indicative approval offer letter let's us know you wish to proceed. Payment of a non-refundable upfront valuation fee (per property) may be required depending on lvr.
When you have provided the list of items requested in the indicative approval letter, our assessor will generate a conditional loan approval and send to you by email.
We are then ready to approve the loan, create the loan agreement and prepare for settlement of your new loan.
Often we receive requests for loan amounts less than our minimum. There is a $4,000 + GST minimum fee our loans.
The lender's legal fee is from $3,000 + GST + approx $880 in disbursements and whatever your broker charges.
It becomes expensive for lower loan amounts.
When your new loan is ready to be funded, we'll send your nominated Solicitor our loan agreement for Directors and Guarantors to sign and attend to settlement requirements.
Because its a privately funded Business loan, all Directors and Guarantors are required to have independant legal advice by a Solicitor.
Unlike home loans where you simply walk into any bank branch and sit with a manager or sign in front of any JP or Cdec, privately funded loans require a Solicitor that will fully explain the loan agreement to you.
Your Solicitor will assist you with the documentation requirements and certify identification and statements.
Your Solicitor liaises with our Solicitor to finalise settlement requirements and send funds to your account.
During the term of your loan, we're here for you when there are questions or concerns about your loan.
You will contact us for your loan statement requirements, variations to your loan i.e further increases in loan amount or additional loan term requirements.
When you're ready to repay the loan funds back to us, we'll send your our discharge request form for all Directors and Guarantors to complete.