Benefits of Private Lending for Businesses in Australia
Private lenders can offer a number of benefits to businesses in Australia, including:
Flexible terms
Private lenders can offer more flexible terms than traditional lenders, such as interest-only loans or customized repayment schedules.
Faster to receive funds
Private lenders in Australia can often fund a loan in days
Shorter loans
Business loans with private lenders can range from 3-24 months and beyond. Traditional lending is usually for longer terms
Tailored approach
Private lenders can provide a more tailored approach to lending, which can be helpful for businesses that may not meet the criteria of conventional loans.
Faster approval
Specialist lenders can offer a faster approval process for small business loans.
Industry expertise
Specialty lenders can offer industry expertise, which can help businesses with liquidity for payroll, supplies, or growth initiatives.
Build or rebuild credit
Regularly paying off a secured business loan may help improve your credit score.
Reduced cost of borrowing
Secured business loans can have lower rates than other forms of financing.
Locally sourced
Funds are often locally sourced from Australia rather than offshore.
What is private lending in Australia?
Private lenders can offer a number of benefits to businesses in Australia, including:
Flexible terms
Private lenders can offer more flexible terms than traditional lenders, such as interest-only loans or customized repayment schedules.
Faster to receive funds
Private lenders in Australia can often fund a loan in days
Shorter loans
Business loans with private lenders can range from 3-24 months and beyond. Traditional lending is usually for longer terms
Tailored approach
Private lenders can provide a more tailored approach to lending, which can be helpful for businesses that may not meet the criteria of conventional loans.
Faster approval
Specialist lenders can offer a faster approval process for small business loans.
Industry expertise
Specialty lenders can offer industry expertise, which can help businesses with liquidity for payroll, supplies, or growth initiatives.
Build or rebuild credit
Regularly paying off a secured business loan may help improve your credit score.
Reduced cost of borrowing
Secured business loans can have lower rates than other forms of financing.
Locally sourced
Funds are often locally sourced from Australia rather than offshore