HAVE YOU BEEN REJECTED BY BANKS BECAUSE YOU DON’T CONFORM TO THEIR LENDING REQUIREMENTS? A FINANCE BROKER MAY BE ABLE TO HELP YOU!
A non-conforming business loan is a loan that does not meet the normal banks or lenders’ criteria approval. Reasons can include:
Non-conforming business loans can be arranged for things like:
The preferred loan to value ratio range for non-conforming loans is between 75% – 85%.
Loan terms / length available for non-conforming loans are between 12 months – 60 months.
The proof of income required for these non-conforming loans includes: recent financials, personal tax returns, Business Activity Statement (BAS) or management accounts.
This is not a Lo Doc Loan.
Non-conforming loans of between $25,000 to $750,000 are available.
Up to 30% residual value may be required depending on the proposal.
The interest rate will vary depending on the situation. The base rate range is 16.0% to 19.5% depending on the variables of the proposal.
There is no application fee. However, there is a documentation fee of a minimum of $600.00 on acceptance.
HAVE YOU BEEN REJECTED BY THE BANKS? NEED A NON-CONFORMING BUSINESS LOAN? A FINANCE BROKER MAY BE ABLE TO HELP YOU!
After plant and equipment finance?
Find out about normal (conforming) plant and equipment finance here:
Loans for franchises
Need finance for a franchise business? Find out about your franchise finance options.
Bad credit home loans
Do you have a bad credit history? Find out about bad credit history home loans. You may be able to get a home loan despite having a bad credit history.
Low doc business loans
Sometimes you may not have all of the required documentation to prove your income to the bank or lender when you need a business loan. In this case a low doc business loan may be an option.
Debtor finance | Invoice finance
If you sell on credit you may be able to get invoice finance / debtor finance.
Oak Laurel – Non-conforming commercial finance made easy!