Private Secured Finance

Private Finance

An alternative path to funding — private lending solutions with Universal Finance Corporation

Sometimes, our ambitions don’t pan out how we want, prompting us to consider alternative measures. And if your business has been turned down by traditional loans and specialist lenders, private lending solutions can help you tick off big goals in your business. 


Discover how private funding can help elevate your business — contact Universal Finance Corporation today. 


What businesses need to know about private secured finance in Australia


Private secured finance involves borrowing funds from private lenders using assets such as real estate, vehicles or equipment as collateral. Unlike traditional bank loans, which can be difficult to obtain due to stringent requirements and lengthy approval processes, private secured loans offer more flexibility and faster access to funds. 


Here are some of the advantages of using private secured funding to help grow your business:


  • Flexible terms — Private lenders often offer more flexible loan terms than traditional banks, accommodating your business's unique needs and circumstances. This can include tailored repayment schedules and personalised loan structures.

  • Quick approval and funding — The approval process for private secured loans is typically faster than traditional bank loans. This allows businesses to access the necessary funds promptly, crucial for capitalising on time-sensitive opportunities or addressing urgent financial needs.

  • Less stringent requirements — Private lenders usually have more relaxed eligibility criteria than banks. This makes private secured finance an attractive option for businesses that may not meet the strict requirements of traditional lenders due to credit history or other factors.


Why consider a mortgage broker for your business financing needs 


Private secured finance in Australia is not a common concept, leaving many business owners in the dark about how to best navigate the market. By working with an experienced mortgage broker like Universal Finance Corporation, you can look forward to a stress-free lending experience. 


We have established relationships with a network of reputable private lenders, allowing us to match you with lenders offering the best terms and conditions for your needs. We also liaise with lenders on your behalf, ensuring a smooth application process.


Access established private lenders with Universal Finance Corporation


Say goodbye to traditional lenders with Universal Finance Corporation. Our highly skilled team of business mortgage brokers are here to help you navigate the complexities of private secured loans and secure the capital you need to succeed. With more than 34 years of experience and more than $1 billion worth of loans settled, Universal Finance Corporation is your trusted partner for competitive commercial financing.


Contact Universal Finance Corporation today to discuss how we can help you achieve your business goals.



FAQs

  • What is private secured finance?

    Private secured finance refers to loans provided by private lenders, where the borrower offers assets such as property or equipment as collateral. This type of private funding typically features lower interest rates due to the reduced risk for the lender. It’s used for various purposes, including business expansion, real estate investments or large personal expenses, offering an alternative to traditional bank loans.

  • How is private secured finance different from traditional bank loans?

    Private secured finance differs from traditional bank loans in that it is provided by private lenders rather than major banks. It often has more flexible terms and quicker approval processes. Collateral is also required with private lending solutions, reducing the lender’s risk and, in turn, resulting in lower interest rates for borrowers.

  • What types of collateral are typically required for private secured finance?

    The types of collateral a private lender might ask for during the application process include real estate properties, vehicles, equipment or other valuable assets within your business. These items serve as security for the loan, reducing the lender’s risk in the case of default. Should you default on the loan, the lender can seize the collateral to recover the loan amount.


  • What are the risks associated with private secured finance?

    Like any other type of financing, it’s important for businesses to be aware of the risks involved with private funding. The biggest risk of using private secured finance is the potential loss of collateral if the borrower defaults on the loan. Borrowers also face less regulatory protection and may encounter more aggressive collection practices from private lenders if repayment issues arise.
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