Often you just need an expert to prepare the application in such a way that it stands a better chance of approval with a major bank.
Maybe you need to pull some cash out of your property to inject cash in your business or pay off a tax debt. We can call on non-bank lenders if you fit in that non-conforming space or we may use major bank options with an expertly prepared application.
If you don’t have financials we still have lenders that will consider a Low Doc self-certification of income loan with 20-35% minimum deposit/equity. With even higher equity/deposit we can obtain a No Doc or asset lend type loan, this could help if you need a cash injection in your business. We are business owners ourselves and Craig Pope has been a business banker so understands business needs. Often small business owners have someone in their bank looking after them who has never been (and probably never will be) a business owner. We can help make sure your set up is right for your situation including help finding an owner occupied commercial property if that is what you strive for. In addition to the above point we would arrange a business banking review.
If you are looking to set up a new business you may be able to release capital with a Low Doc / No Doc / Asset Lend type loan. Sometimes for a Low Doc loan you need to have been self-employed for a minimum 6 months to 1 year and often bank statements are not required. Different lenders will have varying conditions so we will work with you to come up with the most cost effective options first. This means trying to make it fit mainstream banks first before we go to the non-bank options. That could be a short term fix before refinancing back to a main bank.
Please note that with Low Doc and No Doc loans there may be a broker fee, lender fee and depending on the circumstances, slightly higher interest rates.
Every situation is different so please contact us to arrange a discussion or appointment 7 days or evenings.