FINANCE SOLUTIONS FOR SME CLIENTS

Refinance/Debt Consolidation

Why use PMA to refinance or consolidate your client’s debt:

  • They need to refinance or consolidate existing business loans
  • Their current loan term is about to expire and need more time
  • They need to consolidate multiple debts

Refinance & Debt Consolidation Loan Terms


Loan Amount

Up to $5M (1st Mortgages) & $2M (2nd Mortgages)

LVR

Up to 75% of the ‘as is’ value (max. LVR of 75% for major metro residential property, other security at lower LVRs)

Security

1st or 2nd Mortgage

Term

3-12 months

Refinance & Debt Consolidation Loans



Refinancing a business loan involves using a new loan to pay off an existing business loan or debt. The borrower then continues to make payments on the new loan as usual.


It is generally used to consolidate multiple debts into one business loan, refinance to a loan with a lower interest rate or to access the equity in a property. By consolidating multiple debts into one loan, the borrower only has to worry about paying off a single loan rather than making repayments towards several different loan amounts. This can free up more time for the borrower to put back into their business.


Refinancing can also allow borrowers to access the equity they have built up in their business over the years to fund future spending or upgrades.


Refinancing a business loan can help a borrower access negative gearing and depreciation benefits. However, it’s best to speak to an accountant or a tax specialist for detailed advice on how this would work.


If a borrower’s current business loan is due to expire, refinancing can allow them to pay off the current loan and give them more time to arrange the payment of the new loan.

Lending Process


application

Complete our
Quick App Form


or

Give us a call
1300 856 683.

indicative

After receiving the Application we’ll develop an Indicative Letter of Offer which includes an indicative interest rate.

Once the Offer is accepted a small assessment fee is charged to cover the searches we do in due diligence.

letter

Once we’ve completed our due diligence, we’ll send a formal Letter of Offer. Once signed the loan documents are drawn up and sent to the Borrower’s solicitor.

letter
congrats

Upon return of the fully executed documents the approval fee, legal costs and prepaid interest are deducted from the loan and the balance is paid to the Borrower.

Referrer fees are paid within 24 hours from settlement with no clawbacks.

We endeavor to make this process as quick as possible and can settle within 5 days upon receipt of all outstanding information.

Our Other Private Lending Solutions