Why choose our Private Lending Services?
At Provident Lending & Business Solutions, we specialise in providing quick and flexible private lending solutions tailored for business owners, sophisticated investors, property investors and developers.
Our services are designed to offer you the funds you need with minimal hassle, ensuring you can seize opportunities and overcome financial hurdles with ease.
Benefits of our Private Lending Services
🔸Fast access to funds: Quickly secure the capital you need to fuel your business ventures
🔸Secured property: Loans backed by residential or commercial property assets
🔸Flexible exit strategies: Customise your repayment plan with options like asset sale or refinancing.
🔸Tailored Finance Solutions: From bridging finance to debt restructuring, our services are designed to meet your unique needs
🔸Ethical Fees: Flat Fee service. ensuring our costs don't exorbitantly increase your finance costs
Understanding Secured Private Finance
Property Secured Private Finance
Property secured finance involves loans backed by the value of real estate assets.
These loans are secured by a first registered mortgage over a residential or commercial property in a metropolitan area.
Loan amounts typically range from 50% to 80% of the property value, as determined by a licensed valuer.
Asset Secured Private Finance
Asset secured finance involves loans backed by tangible, movable assets such as vehicles, trucks, trailers, equipment and boats.
The loan is secured by placing a charge over the asset, which can be warehoused by the lender.
Loans can extend up to 80% of the asset's value, based on a valuation by a licensed valuer.
Our Simple and Efficient Process
🔸Initial consultation via phone/video or face to face
🔸Submission of application
🔸Assessment of security and exit strategy
🔸Quick approval and fund disbursement
🔸Ongoing support and guidance
Why use a Provident Broker to arrange a Private Loan?
Utilising a broker like Provident ensures access to multiple lenders, allowing us to recommend the best fit based on policies, rates, and fees.
Unlike others, we do not charge large brokerage fees; instead, we offer a flat fee for our services based on a clear and fair scale.
This approach reflects our commitment to developing long-term relationships with our clients, focusing on sustained success rather than maximizing profit from a single transaction.
We remain engaged to ensure a smooth exit from your private loan, whether through refinancing or asset sale.
Frequently Asked Questions
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What is a private loan? A private loan is a flexible, unregulated financing option provided by private lenders, typically secured against real estate or high-value assets
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Who can apply for a private loan? Business owners, sophisticated investors, property investors and developers with ABN registration
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How is the value of the security determined? A licensed valuer assesses the market value of the property or asset to determine it's worth.
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What types of security can be used for a private loan? Residential or commercial property and high value assets like vehicles, equipment and boats.
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What is the loan-to-value ratio (LVR) for private loans? Typically 50% to 80% for property and up to 80% for assets.
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How quickly can funds be accessed with a private loan? Funds can often be accessed within days to a few weeks.
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What are the typical uses for private loans? Bridging finance, residual stock funding, debt restructuring and stock purchase.
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What fees are associated with private loans? Mandate fees, valuation fees and legal fees.
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How is a private loan repaid? Based on the exit strategy, such as sale of the security for refinancing.
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What are the benefits of choosing a private loan over traditional bank loans? Speed, flexibility, less stringent requirements and higher LVR.
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What are your fees to provide this service? Many private loan brokers look to maximise their brokerage fee from each transaction. We believe in ethical and long -term relationship with our clients and therefor charge a flat fee that scales based on the loan size and complexity. Our fees are disclosed prior to you engaging with us and range from a minimum of $1,000+GST for loans up to $50,000 and maximum of $10,000 Plus GST for loans over $1mil. Provident will not charge a fee in excess of 2% of loan amount and our fees can be added to the loan amount or paid via invoice or in a combination of these depending on your circumstance.