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Showing 1 - 12 of 383 posts
A covenant is a promise in your facility agreement to keep certain numbers inside agreed limits and to report on time. In business loans and commercial property loans the usual financial tests are...
Private lending puts brokers across two regimes. A private loan to individuals for personal, domestic or household purposes, or for residential investment property, is regulated credit, and the Nat...
When you borrow for buying a business, the lender relies on your due diligence as much as its own. Expect to show three to five years of financial records reconciled to BAS and bank statements, a l...
A private loan term sheet sets out the commercial terms before the loan documents are drawn: amount, term, rate, default rate, fees, prepaid interest, security, personal guarantees, conditions and...
On a property-secured request, peer-to-peer lending and a private loan can look alike: non-bank money, a registered mortgage, a rate above a bank's. The difference is where the money comes from. A...
Most commercial loans run for a fixed term - often three to five years, indicatively - with annual reviews in between. At expiry the balance is due, and the lender decides whether to renew and on w...
Lenders offering development finance ask for pre-sales because each unconditional, arm's-length contract with a proper deposit is evidence that the debt will be repaid. The requirement is usually e...
If your builder goes insolvent, your construction loan does not end. Interest keeps running on what has been drawn, and the lender holds the undrawn funds until a replacement builder is signed and...
An earn-out in business acquisition finance is part of the price that is paid only if the business hits agreed targets after settlement. It cuts what you borrow upfront, because the lender funds a...
A private loan can stop a mortgagee sale only if it repays the whole payout figure (arrears, default interest and enforcement costs as well as the balance) and the property still has enough equity,...
Lenders fund small shops and strata offices, but they treat them more cautiously than larger buildings. Commercial loans on small lots usually come with lower LVRs, closer attention to the tenant a...
Selling 20% of your company to a private investor costs 20% of every future dividend and 20% of the eventual sale price, for as long as they hold the shares - and more once later rounds dilute you....
