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.
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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
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🔸Secured by residential or commercial property
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🔸Flexible exit strategies (sale of assets, refinance)
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🔸Tailored solutions for bridging finance, residual stock funding, debt restructuring and more
Understanding Secured Private Finance
Property Secured Private Finance
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Property secured finance involves loans backed by the value of real estate assets.
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These loans are secured by a first registered mortgage over a residential or commercial property in a metropolitan area.
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Loan amounts typically range from 50% to 80% of the property value, as determined by a licensed valuer.
Asset Secured Private Finance
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Asset secured finance involves loans backed by tangible, movable assets such as vehicles, trucks, trailers, equipment and boats.
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The loan is secured by placing a charge over the asset, which can be warehoused by the lender.
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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
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🔸Submission of application
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🔸Assessment of security and exit strategy
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🔸Quick approval and fund disbursement
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🔸Ongoing support and guidance
Why use a Provident Broker to arrange a Private Loan?
​Using a broker provides access to multiple lenders to ensure the loan recommended is the best fit based on lender policies, rates and fees.
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Brokers offer tailored loan solutions and work with ethical lenders.
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Provident Lending & Business Solutions stays engaged to ensure the exit from a private loan is proactively managed, 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.