Alternative Lending
After the GFC banks changed their lending criteria. Previously bankable borrowers found their funding needs were not able to be met through traditional channels. Alternative financing options needed to be sourced and alternative lenders took up the call.
Now, when a business finds it difficult to obtain finance through conventional banking platforms, alternative lending has brought borrowers and investors together to fill that funding need.
Alternative business finance offers lending products that cover short-term lending requirements to long-term commercial property loans to property development and construction loan facilities.
Typically, borrowers needed solid revenue, two years of financials and an impeccable credit score. Alternative lenders welcome borrowers with a more diverse range of qualifications.
If the banks aren’t revelling in your entrepreneurial spirit, don’t let them rain on your parade. Let us help!
We’re inspired, we’re driven and we have a solution to every funding need. Learn more about IBN Private.
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How can you use alternative loans?
Alternative loans can be used to fund business growth, buy out business partners, fund property development projects, refinancing and more.
Alternative lending is non-bank lending and an important financing option for Australian businesses.
Don’t be afraid to chase your dreams; let us find the solution to fund your project so you can make your mark!
What are the benefits of alternative lending?
✔ Flexibility – Alternative lenders have the wriggle room to take into account your specific needs. There is no one size fits all approach, funding approvals are tailored to your specific requirements.
✔ Efficient and quick application process – Our application process is quick and to the point. We don’t ask you for financials or business plans and your application is assessed in-house to ensure we have the right alternative lender for your needs
✔ Quick turnarounds – approvals can be obtained within a day, settlements within a week
✔ Relaxed eligibility – traditional lending requires solid credit ratings, proof on income and low loan to valuation ratios. Alternative finance accepts that you may have a history and works with you to make your future happen.
✔ Rate that reflects risk – an alternative loan provides flexibility to the borrower outside traditional banking parameters. For this reason, the rate reflects the risk. The rate is fixed for the term of the loan, provided the loan is not in default.
✔ Exit strategy based approval – Alternative funders don’t require business plans and endless financials because they are exit strategy based.
✔ A term that meets your projects needs – From 1 month, to 3 years. There is a term to fit your needs.
✔ Ongoing relationships – many of our clients form long, mutually beneficial relationships with our funders. These funding relationships are critical to the business, their lender knows and understands the business and can make a quick decision on further lending opportunities without the need for a full application process.
Why Choose IBN?
At IBN, we work closely with our panel of Funders, to move quickly on your loan application. We understand that ‘time is money’ and we make the loan process as seamless as possible. Our experienced staff assist you every step of the way with frequent communication on the loan progress.
We present options that others didn’t know existed
We search for solutions and enjoy the challenge of complex loans
We understand the complexities and requirements for a commercial loan application.
We explain our cost-structure from the outset so that you know what to expect.