Many Australian entrepreneurs find their loan applications rejected by traditional banks or established financial institutions due to a less-than-ideal credit rating or bad credit. At Loanbrite, however, we firmly believe that past financial missteps should not dictate the present. We take a holistic approach when considering loans with bad credit and have already aided numerous Australian businesses and borrowers in…
The Victorian Government has announced the abolition of stamp duty for commercial and industrial properties as part of the 2023-24 State Budget. From 1 July 2024, these properties will transition to a new annual property tax system as they are sold. The first purchaser of a commercial or industrial property after 1 July 2024 can choose to either pay the…
Australian businesses have had a very rocky start to 2020, to say the least. Businesses were still recovering from the impact of the bushfires are now having to face cancelled events, dwindling customers, reduced rental income and supply chain disruptions as a result of the COVID19 outbreak. It’s taking a real toll on companies, particularly SMEs. While there are an…
From 1 March, 2020: Vendors and agents cannot knowingly conceal any material facts about a property when selling land. Vendors and agents cannot hold public auctions of land before 1pm on Anzac Day, with fines of over $16,000 for non-compliance. There is greater protection for people who purchase options to buy land as part of a land banking scheme, including…
The Coalition victory took many by surprise, but as the dust settles it’s time for the government to roll up its sleeves and start delivering on a host of pledges. Small business was a key battleground during this year’s election campaign. Labor spooked some with policies that included plans to allow casual workers to apply for permanency, and a pledge…
• LVR – We usually extend up to 65% LVR against standard commercial properties, although can consider up to 80%. *The LVR may be lower for commercial properties considered to be non-standard or specialised. Hence, the minimum deposit that can be considered is 20% • Term – Up to a maximum of 30 years • Pricing – Case by case…
CALLING ALL SMALL BUSINESSES; WE NEED TO LEND $1 BILLION TO SMALL BUSINESS BY 30 JUNE 2019 Whether you’re looking to seize an opportunity to grow or just managing the ongoing costs of running a business, sometimes borrowing money could help you achieve your goals. A secured business lending allows for a streamlined application process for new and existing small…
In order to qualify for any of the First Home Buyer special offers: · Customers must be eligible for a government First Home Owner Grant and/ or First Home Buyer government stamp duty concessions (refer to www.firsthome.gov.au for eligibility details) · Customers must apply for a new Owner Occupier loan for the purchase of a property between 4 March and…
There is a range of finance options available to small business owners but securing the right loan for your business can still be quite a challenge. Often the difference between a successful and an unsuccessful application is knowing what supporting documentation to provide when you apply. The key to securing a loan is understanding that lenders approve applications they assess…
Banks and lenders will not lend 100% of a loan. Meaning that as a minimum you are usually required to prove that at least 5% 0f y0ur home deposit from genuine savings? Once your loan falls into mortgage insurance territory then genuine savings becomes a requirement. What is genuine savings? The majority of lenders will require that your savings have…
