Private lenders provide fast, flexible business funding when traditional banks decline or can't move quickly enough.
Why Use Private Lenders for Business?
Banks decline businesses for:
- Trading <2 years
- Recent losses (even if profitable now)
- Industry concerns
- Credit issues
- Complex structures
- Too urgent
Private lenders focus on: ✅ Asset security (property, equipment) ✅ Current cash flow ✅ Business viability ✅ Owner's experience ✅ Exit strategy
Types of Private Business Lenders
1. Property-Secured Business Lenders
Security: Commercial or residential property Rates: 8-14% p.a. Best for: Property owners needing capital
2. Asset Finance Lenders
Security: Equipment, vehicles, machinery Rates: 8-15% p.a. Best for: Equipment purchases
3. Invoice Finance Lenders
Advance: 80-90% of invoices Rates: 15-36% p.a. effective Best for: B2B with slow payers
4. Caveat Lenders
Security: Property caveat Rates: 24-48% p.a. Best for: Urgent short-term (1-6 months)
How to Choose a Private Business Lender
Consider:
- Your security - What can you offer?
- Timeline - How urgent?
- Amount needed - $50k or $500k?
- Term - Short (months) or medium (years)?
- Purpose - Working capital, expansion, equipment?
Match lender type to your needs
Application Process
Step 1: Determine amount and purpose Step 2: Assess available security Step 3: Apply to 2-3 suitable lenders Step 4: Compare offers (total cost) Step 5: Choose and proceed
Timeline: 3-14 days typical
Ready for private business funding? Connect with private business lenders.