Benefits of a low doc commercial loan
Loans are not meant to be one size fits all, yet many big lenders and banks tend to squeeze you into a set loan to reduce their administration overheads. A low doc commercial loan through Alpha 1 Financial Solutions however, gives you the flexibility you need, with access to highly established private lenders. This is ideal if you are self-employed or run a small business as low doc commercial loans require few financial records, a challenge if you are self-employed.
Other scenarios where a low doc commercial loan can help, is if you are using a recent property valuation as security rather than the property’s purchase value, if you have residency overseas, if you need to use a remote asset as security, or if you have an inadequate credit history. Low doc commercial loans usually provide fast funding too, making them ideal if you are dealing with an urgent cash-flow situation.
When traditional lenders cannot cater to your needs, chat to the friendly team at Alpha 1 Financial Solutions.
How to determine if a low doc solution is right for you
There are many situations for when a low doc commercial loan can help. It is for self-employed individuals that find it difficult to provide proof of income or obtain tax returns in the early years of operation. Another scenario is if you are using a recent property valuation as security, rather than documentation of the property’s purchase value. This can cause issues when it comes to getting funding through banks and major lenders.
Second mortgages are available with LVR rates of up to 80% and are designed to be highly competitive in the marketplace, along with the advice and backing of working with a more personalised lending provider.
Get faster access to funds
You may also find that a low doc commercial loan provides a faster settlement, making them suitable for dealing with urgent cash-flow situations. A low doc commercial loan also reduces paperwork time as it relies on you declaring your revenue and income.
When traditional lenders cannot cater to your needs, Alpha 1 Financial Services can give you access to established private lenders.