In a recent X post, @ausstockchick sparked a conversation about dealing directly with banks versus using mortgage brokers, with some expressing skepticism about the latter. However, the numbers tell a different story—75% of Australian mortgages are now facilitated by brokers, a sharp rise from 40% in 2009. So, what’s driving this shift? Let’s break down the benefits of using a…
You Can Afford It — So Why Won’t They Lend You More? You’ve built a growing business. You’re paying your current loan on time. You can clearly afford more funding. But every time you apply for a second business loan, the response is the same: ❌ “We can’t approve you with an existing unsecured loan on file.” If that’s your…
The Australian finance industry, traditionally dominated by the four major banks, has been experiencing an intriguing shift toward a previously underrepresented sector: private lenders. Non-bank lenders and private lenders, which make up roughly 5% of Australia’s financial system, are witnessing a swift expansion, especially in the realm of mortgage lending. This movement suggests a notable change in borrowing habits and…
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…
Low Doc Self-Declared Income for up to $2M Business Lending: This loan option allows you to apply for commercial finance up to $2 million with Loanbrite. You can use the loan for purposes such as business trading, buying assets, purchasing commercial property for your own use, consolidating debts, or expanding your business with the same management structure. To apply, you…
Private lending solutions provide a quick & effective that can be the first step to a longer term outcome for investors & property developers A $25M development project was interrupted when one of the directors faced legal issues overseas. As a result, the Bank funder financing the project was hesitant to continue funding it. Our lender negotiated with the Bank…
We have an option to assess your capacity to repay by reviewing the business and home lending that is being replaced or refinanced, checking to ensure the commercial loan being refinanced has had no late payments over the past 12 months, and that any individual associated with the lending has had no late payments on any consumer facilities (including 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…
Put simply, the electricity cost savings generated by your new solar PV system could more than offset the monthly lease payments required for the system, meaning you could be savings money straight away For ABN (Business) buyers only If you are looking to convert your business to a smart, sustainable and energy efficient company, you can get started sooner than…
