Private Lender for Professional Services Firms

Yes, where the numbers fit. We lend up to 70% of the office suite's value, and our loan repays the bank at settlement. The work in progress, the debtors and the client list are not security; the property is. Ask the bank for one written payout figure covering both the loan and the overdraft, then send it to us with the plan for repaying us, such as a bank refinance once new contracts are signed. Our terms run from 1 to 24 months, so the term can be set to that plan.

• →Refinance business loans

Yes, and a second property can be added as additional security. If two homes are worth $3,000,000 together with $1,200,000 owing, the 70% limit leaves room for up to $900,000. The exit can be a refinance to a bank once the payout is complete, or partner distributions over the term.

Yes. The agency company is the borrower. If the home is worth $1,800,000 with $500,000 owing, the 70% limit leaves room for up to $760,000. The exit is the client's payments once the first 60 day cycle has been paid, with a refinance or a property sale behind them.

• →Urgent short term loans for payroll

Yes. If the floor values at the $1,600,000 price, the 70% limit allows a loan of up to $1,120,000 secured by the office property itself. The remaining $480,000 and the purchase costs come from your own funds, or from a second property, such as a partner's home, added as security. The usual exit is a refinance to a bank once the purchase has settled, so start the bank application while our loan is in place.

No. Money in a trust account belongs to the clients, not the firm, so it plays no part in our assessment. We assess property the firm or a principal owns, the equity inside the 70% limit, and the exit. An office suite, a home or an investment property can secure the loan.

Yes. If the home and the office property together they are worth $2,600,000 with $700,000 owing, the 70% limit leaves room for up to $1,120,000. The exit is usually a refinance once the purchased clients have been billed for a year under your firm.

• →Business acquisition loans

Yes, and the claim on its own does not decide the loan. The loan funds are paid to the consultancy, and the consultancy pays the excess. We decide in hours, which leaves time inside the 30 days. Bring the exit you have in mind, such as fees due on current projects, a refinance or a sale.

Yes. The incorporated practice is the borrower, and the loan covers running costs until the trial. The outcome of the case cannot be the exit, because neither the amount nor the date of any payment is known. The exit needs to be a refinance, a property sale, or the practice's billings on other matters over the term.

It can. The loan funds are paid to the company, which repays the bank's overdraft. Losing a large client does not on its own decide the loan. The exit is usually a refinance once the accounts show the business trading without that client, or the sale of a property.

• →Refinance business loans

Yes. The firm's company is the borrower, and a loan secured by a principal's home or an office property the firm owns can run for four or five months, with the billings from the season as the exit. For a gap that comes back every year, our secured business line of credit is the product to look at.

• →Secured business line of credit

Yes. The company is the borrower, and the loan funds are paid to the company, which pays the revenue office. Whether to object, and what paying first means for the objection, is a question for your accountant or lawyer. The exit can be a refinance, a property sale, or any amount refunded if the objection succeeds, with one of the first two behind it.

Most professional firms lease, so the property backing the loan is usually a director's home or investment property, or a property held by a company acting as trustee of a family trust. The borrower is still the company that runs your firm.

No. Our loans are secured by real property only: a first or second mortgage over residential, commercial or industrial property. Work in progress, unpaid fees, client contracts and goodwill are never the security. Where the loan buys a client list or a firm, the purchase is paid from the loan.

Loans start from $250,000, and larger loans are assessed case by case once we understand the scenario fully. The maximum loan-to-value ratio is 70% across all mortgages on the property. Terms run from 1 to 24 months, usually 3 to 6, with rates from 9.7% p.a. on a first mortgage and from 11.95% p.a. on a second mortgage.

We usually give a decision within hours of a complete enquiry, and settlement can happen within 24 hours where the title is clear and the exit is defined. We lend our own funds and value the property in-house, which is why the timeline is short.

We lend to companies, including a company acting as trustee of a trust. We do not lend to individuals or sole traders. This is business purpose lending only.

Yes. The loan is paid to your company, which pays the Australian Taxation Office in full. One loan can cover income tax, activity statement debts and the superannuation guarantee charge together, and we can still lend after a director penalty notice or a garnishee notice has arrived. Your company repays us through a refinance or the sale of a property.

The exit is how your company repays us, and it needs a date inside the loan term. For professional firms it is usually a refinance to a bank or another long-term lender once the accounts show the full year, or the sale of a property. A general intention to refinance at some point is not enough.

Yes. Our partner buyout page covers paying out a departing partner or shareholder by the date in your agreement.

• →Business partner buyout loans