Property Secured Non-Bank Business Loans: Business Briefcase Podcast #5

Loandesk.com.au

THIS PODCAST FEATURES: This podcasts we will delve into: 1. The top three types of property non-bank secured business loans - First mortgage - Second mortgages – these are sometimes blended with FM’s - Caveat lending 2. When do they apply & what are your borrowing term options? 3. What are the lenders looking for short-term loans? 4. How non-bank lenders are comparing to bank loans with regards to qualifications – Example of Loandesk user for takeaway purchase. 5. A common question is, “I have plenty of equity in my home/property asset, however the bank still won’t lend me the money for my business”. Common situation we see everyday. Servicing ratios are a lot higher for bank loans vs non-bank lenders, purely due to the risk levels the investors are willing to take vs traditional bank lending risk as private investors and SMSF are seeking higher yielding investments. 6. For attractive rates what are the lenders looking for? I.e business purpose, trading business etc. Short term lenders will purely lend directly on the asset only however you will pay a higher rate of interest. 7. What to look our for from unscrupulous finance professional that may demand large up front fees to find short term loans. Podcast #6 is next up next, we will be diving straight into an exciting new product for importers. This is a brand new loan type that has just been added. We’ll go over how to qualify, who it’s suited, how it can tackle those cash flow gaps when paying overseas suppliers and explain how it fits into your whole supply chain. Check out more podcasts at loandesk.com.au or subscribe to podcasts on iTunes or soundcloud. Thanks for listening.