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…
Small business owners often face hurdles when securing finance, especially regarding documentation requirements. Low-Doc Equipment Finance is a tailored solution designed for businesses that may not have extensive financial statements but still need funding for growth. How Low-Doc Equipment Finance Works Low-Doc (or “Low Documentation”) finance allows eligible businesses to secure equipment finance with minimal paperwork. These loans cater primarily…
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…
As a high net worth professional or business owner, your financial needs extend beyond the ordinary. Whether you’re looking to purchase commercial property, expand your business, hire staff, or acquire assets, finding the right mortgage solutions is crucial. In this article, we’ll explore how tailored lending options can help you achieve your goals while considering the unique circumstances of your…
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…
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…
