Non-conforming Business Finance: Non-conforming Plant and Equipment Loans

Non-conforming business finance can be arranged for:

    • Poor credit history, loan defaults, adverse judgments, discharged bankruptcy, tax arrears;
    • Cash flow / working capital using the equity in unencumbered plant & equipment;
    • Startups or business acquisitions;
    • Other lenders declined applications; and
    • Specialized or older plant or equipment.
investment property loan

Need finance but other lenders have already declined your applications?

non-conforming business loan

HAVE YOU BEEN REJECTED BY BANKS BECAUSE YOU DON’T CONFORM TO THEIR LENDING REQUIREMENTS? A FINANCE BROKER MAY BE ABLE TO HELP YOU!

A non-conforming business loan is a loan that does not meet the normal banks or lenders’ criteria approval. Reasons can include:

 

    1. bad credit;
    2. unusual asset used as a security / collateral for the loan;
    3. insufficient income;
    4. larger loan amount; or
    5. higher loan to value ratio.

Non-conforming business loans can be arranged for things like:

 

    1. Financing tax debt;
    2. Financing unusual / specialized plant or equipment;
    3. Financing older plan or equipment;
    4. Financing startups or business acquisitions; or
    5. Financing cash flow / working capital using the equity in unencumbered plant & equipment.

The preferred loan to value ratio range for non-conforming loans is between 75% – 85%.

Loan terms / length available for non-conforming loans are between 12 months – 60 months.

The proof of income required for these non-conforming loans includes: recent financials, personal tax returns, Business Activity Statement (BAS) or management accounts.

 

This is not a Lo Doc Loan.

Non-conforming loans of between $25,000 to $750,000 are available.

Up to 30% residual value may be required depending on the proposal.

The interest rate will vary depending on the situation. The base rate range is 16.0% to 19.5% depending on the variables of the proposal.

There is no application fee. However, there is a documentation fee of a minimum of $600.00 on acceptance.

low doc business loan

HAVE YOU BEEN REJECTED BY THE BANKS? NEED A NON-CONFORMING BUSINESS LOAN? A FINANCE BROKER MAY BE ABLE TO HELP YOU!

After plant and equipment finance?

Find out about normal (conforming) plant and equipment finance here:

Loans for franchises

Need finance for a franchise business? Find out about your franchise finance options.

Bad credit home loans

Do you have a bad credit history? Find out about bad credit history home loans. You may be able to get a home loan despite having a bad credit history.

Low doc business loans

Sometimes you may not have all of the required documentation to prove your income to the bank or lender when you need a business loan. In this case a low doc business loan may be an option.

Debtor finance | Invoice finance

If you sell on credit you may be able to get invoice finance / debtor finance.

Oak Laurel – Non-conforming commercial finance made easy!

oak laurel