Our Private Loans
Are you a property developer or investor?
Sparrow Loans offer loans to purchase or refinance investment and commercial properties. We have concrete solutions to your needs.
What terms can you expect?
We offer funds on up to a 70% LVR and will always settle within 10 days. Take the pressure off and be sure of your funding.
Are you looking to acquire a new site?
Sparrow Loans fast funding will ensure you have a loan facility on site during pre-development. Secure land and pave your way to a successful project.
What terms can you expect?
We offer funds on up to a 65% LVR and will always settle within 10 days. Get the job done with Sparrow Loans.
Do you need to manage your finances?
If you are buying an investment property and need funds fast, Sparrow Loans can deliver. We will help you settle quickly with our fast turnaround bridging loans
What terms can you expect?
We offer funds on up to a 70%LVR and will always settle within 10 days. Sparrow Loans takes the pressure off.
Are you a property investor or developer?
Quick access to funds up to $3M for your next investment or commercial purcahse. Rates from 8.5% p.a.
Purpose Built Solutions
Sparrow Loans looks at the viability of the transaction and exit strategy as a whole rather than a list of items to be ticked against a static checklist.
Sparrow Loans are ready and poised to help you exit our loan facility without delays as we understand that timing is everything.
Why borrow with Sparrow Loans?
ResponsivenessWe assess your application quickly and will come back to you within 2 business days.
SupportWhether you are a business borrower or a referral partner, you will have a dedicated relationship manager to help you through the application process.
TrustWe work hard to give you a smooth application process with clear requirements. You can be sure that our funds are ready to settle when your loan is approved.
Which businesses can Sparrow Loans help?
- Sydney, Melbourne & Brisbane businesses that need
- Businesses looking to clean up their credit
- Sydney property developers that need a flexible funding
- Cash poor asset-rich businesses that need an injection
of money fast!
- Tax debt relief to get the ATO off your back
- Businesses needing a cash flow injection; especially
- Specialised businesses – service stations, childcare
businesses and more
- Businesses that want to leverage their property
Easy to apply private loans - approval in only 2 business days!
Got questions? We’ve got answers.
These helpful FAQs are asked by some of our customers looking for an investment property loan, secured business loan or bridging finance.
Sparrow Loans offers property and business loans ranging from $200,000 to $2.5M for eligible companies in Sydney, Melbourne & Brisbane. Our loans give you the flexibility to leverage your property assets for business or investment purposes.
We’ve helped many businesses by releasing equity in their property for cash flow, investment in equipment, tax debts, working capital purchase inventory, site acquisitions, non-structural property improvements and more.
We can settle your property and business loans within 2 weeks. We understand that your business needs the funds, so we will expedite this process as much as we can.
No, we don’t; we can only lend to companies and corporate trustees. And, these loans must predominantly be for business purposes.
The fees for our loans include an establishment fee between 1.5% and 2.2% of the loan amount. There are also valuation and legal fees involved however these are third party costs, and we will advise you of these fees upfront so there are no surprises. Unlike some other private funders who will charge application fees, due diligence fees, commitment fees and establishment fees, Sparrow Loans is unique; you only pay the establishment fee on settlement.
Our LVR is dependent on what type of property security is involved. We can lend up to 70% for residential and commercial properties. We can also lend up to 65% for DA approved sites. Most private lenders will only lend up to 65% on commercial property, and up to 60% on DA approved sites, making Sparrow Loans more competitive.
It ultimately depends on the exit strategy of the business loan. If the exit strategy involves a property security sale, we don’t worry about serviceability as the loan and interest will be paid on exit. If the exit strategy is not airtight, we look at the business’s free cash flow and liabilities, which means we review a 6-month trading statement, your past 2 BAS, and your statement of position (your assets and liabilities).
The rates start from 6.5% for most businesses. The average rate works out between 8% and 9%, but we will discuss this with you at our first free consultation.
Our loan terms are up to 12 months, with the capacity to roll over for an additional 12 months. Our minimum term is as little as 1 month.
The most critical components of a loan assessment are the LVR and the borrower’s capacity to repay the loan on time.
The best thing to do would be to tell us as soon as possible before the due date to explore other options to restructure the deal. Or we might place it with another funder that can support the loan.
Once your loan application is received, we’ll need to verify your details and perform any credit checks necessary. We’ll let you know about the term of the loan, and monthly interest rates. Then, once your loan application is approved, your loan documentation has been signed and returned, your solicitor will assist in booking settlement – this is when we disburse the funds to the outgoing lender in the case of a refinance, or to the vendor in the case of a property settlement, or even to your solicitor’s trust account if releasing equity from an unencumbered property. If you’d like to know more, you can book a no-obligation meeting with us through the website!
We provide secured property backed business loans from $200,000 to $2,500,000.