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.