Bank says no?
If you have ended up in a situation such as impending mortgagee sale or similar, maybe you need an injection of cash for your business but you don't have financials, we have a range of options.
Normally these loans are for a relatively short time, 6 months to 2 years, long enough to sort things out and move on, but they can be up to 25 years
Maybe you just need time to sell a house to get maximum value, maybe you just need to finish a project or maybe you just simply need money now for whatever reason
These loans are often interest only and are always secured, by real property.
Non bank lenders, finance companies and private lenders
There are still a range of non bank lenders who understand that people can go through bad patches but it doesn't mean you are bad!
Sometimes you just need a second chance.If there is enough equity in the property (can be guarantor property) then payments can often be capitalised, meaning you don't have to make any monthly payments during the loan term
Apply now or give us a callTimes are tough
Let's face it, the banks can pretty much pick and choose these days.
A combination of reduced appetite for risk by the bank credit departments, tighter wholesale money supply and increased Government controls on where they get their money from means that lending has slowed right down. So unless you are pretty well perfect you are going to struggle with getting a bank loan. Sometimes it's a matter of presentation, putting the whole proposal together in a way that makes it much harder for them to refuse. We are very good at that. And sometimes it doesn't matter how well we put it all together, no bank is ever going to approve it.