Private lending in Australia
Finance with transparent rates, from proven lenders, settled in the timeframe you need. Invest in your business, fund growth without running out of cash, make payroll and deal with tax debt with the right private loan.
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What Is Private Lending?
Private lending provides businesses with financing through non-bank sources. These lenders, usually individuals or privately owned companies, offer more flexible terms and faster access to funds compared to traditional lenders. If the big banks have knocked back your application, you can turn to private money lenders to raise the capital you need.
Benefits of Private Finance Loans
When you choose Dark Horse Financial for private loans in Australia, you’re choosing a solution that works for your business. Key benefits include:
Variety of Options
There are plenty of secured and unsecured private lenders that can offer different loan products to suit your needs.
Flexible Loan Terms
Private loans can be structured to suit your specific needs, including shorter or longer repayment terms.
Fast Approvals
Private lenders typically have quicker approval processes, allowing you to access funds when you need them most.
No Red Tape
Avoid the lengthy documentation requirements and approval processes of traditional bank loans.
More Flexible Lending Criteria
Private lenders are more willing to lend to those with poor credit histories, making it an accessible option for business owners.
Who Can Benefit from Private Mortgages in Australia?
Businesses with Short-Term Cash Flow Needs
If your business needs a quick cash injection to cover expenses, address emergencies, or take advantage of a time-sensitive opportunity, private loan lenders can offer the funding you need.
Companies with Unique or Complex Financial Situations
Businesses that don’t meet the rigid criteria of traditional lenders due to poor credit, irregular income, or other challenges can benefit from private lending.
Private Lending in Australia
Find the Flexibility You Need Through a Private Lending Solution
With private loans, there are no restrictions around what you can use the money for. Once approved, you can use private funding for any worthwhile business purpose. Using residential property or commercial property as security, you’re free to decide how to use your funds.
A Private Lender Isn't Concerned About Your Credit History
If you’re struggling to access finance through mainstream lenders because you’ve got bad credit, private lender loans can remove the hassle. Backed by a security property and an exit strategy, private lending specialists are happy to offer private loans for bad credit to business owners regardless of their credit score.
Access Cash Exceptionally Fast Through Private Lenders
You are granted unrestricted access to the money once you’ve been approved for private loans. The funds can be used in literally any worthwhile business venture – whether it’s a residential or commercial property and even when provided as security.
Why Choose Dark Horse Financial for Private Funding?
How Does Private Lending Work?
- Initial Consultation: Fill out our online form and we’ll respond to you quickly. We’ll start with a free consultation to understand your financing needs, business goals, and current financial situation.
- Quick Approval: Based on your circumstances, we’ll help you secure a loan with terms that work for you, including repayment schedule and interest rate.
- Get Funding: Once the loan is approved and you’ve accepted the loan terms, funding will be disbursed as soon as possible, often within 24-48 hours.
Ready to Explore Private Lending Options?
Private lending offers your business the flexibility, speed, and support it needs to succeed. We’ll connect you to the right private lenders in Melbourne, Sydney, and the rest of Australia.
Contact us today for a free consultation and discover how we can help your business thrive.
Private lending FAQs
Any cash accessed through private lenders needs to be for business purposes. A business purpose can include activities such as:
- Accessing working capital and cash flow.
- Purchasing a business.
- Starting a business.
- Paying off business debt (including ATO tax debt).
- Property development.
Private loans are secured by real estate property, which means the loan amount is based on the value of the security property. The way in which the asset is secured will depend on the type of private loan. For example, with a second mortgage, the private lenders have a legal claim over the property after the first mortgage lender. However, with a caveat loan, a caveat is placed on the property title restricting what the owner can do with the title, but they do not have a legal claim as they would with a mortgage. This is actually the reason private loans can be so fast — a caveat can be placed on the property title in a matter of hours, so the funds can be released promptly.
The interest rate will depend on your exact circumstances and the private lenders chosen.
Most private lenders will expect the loan repayments to be repaid within 3-12 months. This term issued by your private lenders can sometimes be extended beyond 12 months.
If you’re looking to purchase a property before the sale of your existing property is complete, private lenders can offer a bridging loan. This helps to cover the cash flow gap that exists with misaligned settlement dates.
Private lending is a type of financing that comes from non-bank sources, such as individuals or private companies, offering more flexibility in terms of loan structure, approval process, and eligibility requirements than traditional lending.
Depending on the lender and your circumstances, approval can be as quick as within 24 hours to a few days.
Security requirements for private loans vary depending on the lender. There are both secured and unsecured private lenders in Australia.
The amount you can borrow depends on your business’s financial situation, the value of any security, and the loan terms agreed upon. Our team will work with you to determine the appropriate loan amount based on your needs and ability to repay. Typically loans for private business lending are above $100,000 and can be as large as $50M.
Interest rates on private loans are usually higher than those on traditional bank loans due to the simplified application process and limited assessment. Your exact rate can be affected by the loan amount, the term length, security type and its location.
Most private lenders will expect the loan repayments to be repaid within 3-12 months but terms up to 3 years are available from some lenders. While shorter terms can be rolled over for additional periods it’s preferable to exit private lending as soon as possible to cheaper, more mainstream finance when your circumstances allow.
Yes, private lending through reputable lenders is a safe and legitimate way to secure financing but there are predatory lenders to avoid. It’s important to work with experienced professionals like Dark Horse Financial to help you access reputable private lenders in Australia.
Private Lending Services Across Australia
Dark Horse Financial specialises in offering private lending services across Australia. With a deep understanding of the local market and a nationwide reach, we provide tailored financial solutions to meet the unique needs of businesses and individuals. Including, private lending Brisbane, private lending Melbourne, private lending Perth and private lending Sydney. Ultimately, a simple and fast way to gain access to cash, with this service.