Bad credit business loans

Bad credit doesn't have to stop the deal.

Property-backed finance for business owners the banks have turned down over a default, arrears or a low credit score. Private lenders look at the property and how the loan gets paid back, and we place your deal with the one who will do it.

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Settlement

In days

Loan size

$50K–$10M

Security

1st, 2nd or caveat

Max LVR

Up to 75%

Indicative only. As brokers we place your deal with the right private lender; final terms are set by that lender.

The property and the exit, not the credit score.

A bad credit loan here means a loan secured by property, for business use, for an owner a bank will not lend to because of what is on their credit file: a default, a payment plan gone bad, a court judgment, tax debt, a past bankruptcy, or just a low score. Aurelius Private are private lending brokers. We arrange the loan through a panel of private lenders who lend on the property and the way out, not on a clean credit file, and who can settle in days instead of the weeks a bank takes to say no.

Private lenders look hard at two things. First, how much room is in the property. As a rule of thumb, most lenders will go up to about 75% of the property's value, and that 75% has to cover everything: any loan already on the property, the new money you want, and the interest and fees for the term. Second, how the loan gets paid back: a refinance once your file is tidy, a sale, or a build finishing. Your credit history mostly changes the rate, not the answer. Depending on the room you have, the loan is set up as a first mortgage, a second mortgage behind an existing loan, or a caveat when you need speed.

Private money costs more than a bank, and more again when credit is bad, over a short term. We are upfront about that. It is a bridge to a better position, not a loan you keep for years. The real question is not whether it is cheap. It is whether getting the money now, and buying time to fix what the bank did not like, is worth the interest. When the other option is losing the deal, it usually is.

What it looks like

  • Lends on your property and a clear exit, not your credit score
  • Defaults, arrears, judgments and tax debt all considered
  • Secured by property: first mortgage, second mortgage or caveat
  • Settles in days, not the weeks a bank takes to say no
  • Business use only, from $50,000 to $10 million
  • Short term and interest only, with a refinance to pay it off

Who this is for.

A default or judgment on your file

One default or a court judgment is enough for a bank's computer to say no, even to a business that is trading well. A private lender behind real property equity can look past it and lend on the property instead.

Tax or ATO debt showing up

Unpaid tax freezes a bank's interest and often shows as a default. Finance can clear the tax or lend around it, then refinance out once the company is up to date. This works much like ATO tax debt finance.

Coming back from a bad year

One bad year in the books sinks a bank application, even when the business has turned the corner. Equity in a property and a believable plan are what get the loan done while the numbers recover.

A past bankruptcy or insolvency

History a bank will not move past for years does not automatically stop a secured private loan. If the equity is there and the exit stands up, the credit event is only part of the picture.

Recently settled deals.

All settled deals→
“A default isn't a dead end. If you own property with equity in it and there's a clean exit, I can nearly always find a lender who'll fund it. The credit file moves the price, not the answer.”
Rory McGrath
Rory McGrath

Founder and Managing Director, Aurelius Private

Common questions.

Yes, if there is property to secure it and a clear way to pay it back. Aurelius Private are brokers: we place your deal with a private lender who lends on the equity in the property and your exit, not on a clean credit file. A default, arrears or a low score changes the rate and how much you can borrow, not whether the deal can be done.
They see it, but they treat it as background, not a gate. A bank runs a computer score, and one mark can trigger an automatic no. A private lender prices the risk by hand, so the property and the exit carry the decision. A bad credit history usually just moves the rate and how much they will lend.
Business only. The finance we arrange is for business use, outside the National Consumer Credit Protection Act, and secured by property. Personal bad credit loans are a regulated type of credit and belong with a licensed consumer broker, not us.
Defaults, payment plans that fell over, court judgments, tax and ATO debt, a past bankruptcy now discharged, and a low or thin credit score. The common thread is a bank saying no on the file. What matters to a private lender is whether the property and the exit carry the loan.
More than a bank, and more again than clean-credit private lending, over a short term. That is the price of speed and of a lender looking past your file. Because it is a bridge to a refinance, the cost that matters is the total over the months you hold it, not the rate on the sticker. We give you the real number before you commit.
Usually yes, if you own property with equity in it. A default is what makes a bank say no, but a private lender is lending against the property and your exit, so a default listed on your file changes the rate, not the answer. Paid or unpaid, a default, arrears or a judgment can all be worked around when the security is there.
Almost always, yes. This is secured lending, and property equity is exactly what lets a private lender look past a credit history a bank would say no to. A first mortgage, a second mortgage behind an existing loan, or a caveat can all work, depending on how much equity you have and how fast you need to move.

Tell us about your deal.

Send through the scenario. You’ll hear back the same day with who would fund it and roughly what it costs. If it doesn’t stack up as it stands, we’ll say so and tell you what would need to change.

Submit a scenarioCall 1300 076 410