What is private funding?
Private funding is finance provided by non-bank lenders — private individuals, funds and specialist lenders — rather than by the major banks. It is typically secured by real estate, and assessed on the strength of the security and the borrower’s exit strategy.
Because private lenders are not bound by the same credit policies as banks, they can move faster and be more flexible. That makes private funding a practical tool for time-critical deals, businesses with complex financials, or borrowers who need a short-term solution before refinancing.
When does private funding make sense?
- You need funds quickly — for a settlement, an acquisition or an ATO deadline
- The bank has declined or is taking too long to decide
- Your income is hard to verify through standard bank processes
- You need a bridging loan while a property sells or a refinance completes
- You have strong property security and a clear exit
Key terms to understand
Loan-to-value ratio (LVR)
The LVR is the loan amount as a percentage of the property’s value. A $600,000 loan against a $1,000,000 property is a 60% LVR. Apple Finance is flexible with LVRs — if the deal stacks up, we will stretch the LVR.
Exit strategy
Your exit is how the loan will be repaid at the end of the term — for example by selling a property, refinancing to a bank, or from business cash flow. A clear, realistic exit is central to every private funding application.
Term sheet
The term sheet sets out the key terms of the loan: the amount, rate, fees, term and conditions. Apple Finance issues a term sheet within 24 hours of approving the loan.
