Short Term Business Loans specialise in facilitating business loans through Private Lenders and Non Bank Lenders. In Australia, the exit of the major banks from business lending including construction funding has created a large volume of deals for private lenders. Banks offer basic business loans based on credit history whereas private lenders tend to have more understanding of specific industries and can assist with Unsecured Business Loans as well as Caveat and Second Mortgage Loans. Non Bank Lenders can also tailor their funding offerings to the needs of the small business owner.
The application process is also much quicker with private lenders and a business approved for a private business loan can receive the funds in days rather than weeks or months as may be the case with a bank loan. Private Lenders can also lend based on the equity available in a property ( asset lend) as long as there is an acceptable exit strategy in place.
