Lender

The Truth About Alternative Lending

Promoted by Oak Capital7 minute read

Ever since I can remember “Private Lending” has had a stigma around it, only spoken about in whispers by shadowy figures in poorly lit backrooms. I must tell you; this is far from the truth (our offices have great lighting and not-too-shabby a view too!)

Since I started at Oak, it has been one of my missions to shift the paradigm in the industry around the perceived negativity that exists with “Private Lending”, leading with an approach of education, training, and most of all creating an awareness on how alternative funding can truly add value to you and your SME clients.

So let’s set the record straight…

We’re a Private Lender

That’s a pretty limited term. We’re a specialised non-bank and we provide alternative funding and niche lending solutions to SME’s via third party broker relationships Australia-wide. Our mission is to be the most trusted and respected mid-tier non-bank lending specialist in the country, and we approach every opportunity or conversation with transparency and integrity. 

We’re out to get you

No – that’s simply not good business. We’re here to help brokers and their customers, especially when a lot of others won’t. After all, we want to build long-lasting trusted relationships with them and we simply wouldn’t have a business if we did the wrong thing by either.

Is our part of the industry perfect? No, of course not, and yes, there has been occasions of unscrupulous practices that operate around the fringe. But they are certainly not the norm, and to be fair they exist in every industry, even with mainstream banks and lenders.

Alternative Lending is for when you have no other options

Is that a common use? Sure. But Alternative Funding is more versatile, and often far more agile than you think. We tailor our products and solutions to suit your client’s needs - no cookie cutter lending here, and we can settle new deals in 48 hours if we need to. 

Take one of our new product features for example, the Oak Capital Plus Account - a truly unique offering to our SME clients, our Plus Account is a pre-approved sub account linked directly to our standard loan offering. This product has been designed to be the ultimate support for SME clients during times of both opportunity and financial need, especially during these uncertain times. 

Our Plus Account can be up to $50,000 and funds will be released within 48 hours of the request, and no fees apply if it remains undrawn – and most importantly it is the same rate as the initial facility!

Alternative Funding is not just for when things turn bad and there are limited options, it’s for when the is an opportunity to assist an SME in growing their business but they simply don’t fit the “tick box” approach adopted by the banks and mainstream funders.

A bit about Oak Capital

Oak Capital is a specialist Non-Bank Lender that provides a diverse range of short and long term lending solutions, catering to a multitude of customer needs. We’ve been around since 2006, and we pride ourselves on being transparent, secure, and operating with absolute integrity.

We run two ASIC approved AFSL’s and hold two ACL’s, and source our funding via our Retail Mortgage Fund, Wholesale Mortgage Fund, as well as through a diverse range of White Label lending partnerships.

We have never and will never issue a quote on a transaction we have no intention of funding, meaning that our Indicative Approvals are real, and we don’t mandate or charge any upfront fees for products that we fund ourselves. 

Most importantly, we are a market leader around providing bespoke solutions for lending opportunities that are considered “out of the box”, and we lead with an approach that partners and values the Australian mortgage broker industry both now and into the future.


How do I find out more?

If you want to learn more about how Oak Capital is leading the way with bringing alternative non-bank funding into the mainstream SME lending arena, please contact your friendly Business Development Manager:

Andrea White-Farnan – VIC (Bayside including Morning Peninsula) 

This email address is being protected from spambots. You need JavaScript enabled to view it. 

0420 410 940

 

Andrew Myles – WA/SA

This email address is being protected from spambots. You need JavaScript enabled to view it. 

0408 678 838

 

Caleb Tiller – VIC (Inner East and East) & TAS

This email address is being protected from spambots. You need JavaScript enabled to view it.

04199 019 211

 

Ellie Shedden - NSW/ACT/QLD  

This email address is being protected from spambots. You need JavaScript enabled to view it. 

0436 189 807

 

Santh Kamalamohan (TK) - VIC (South including outer southern regions)

This email address is being protected from spambots. You need JavaScript enabled to view it.

0432 213 207

 

Toby Wilcox – VIC (North including northern regional areas & West including western regional areas)

This email address is being protected from spambots. You need JavaScript enabled to view it.

0437 911 342 



The Truth About Alternative Lending
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Established in 2013 as a specialist mortgage lender, Oak Capital is a Funds Manager and mid-tier non-bank lender....

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