Latest from Oak Capital

11th Oct, 2021 | Branch News 12th October 2021

In this article:
The truth about alternative lending.

The Truth About Alternative Lending

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).

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 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 is 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

I mean, that’s just not good business. We’re here to help brokers and their customers, especially when a lot of others won’t. After all, we want them to build long-lasting trusted relationships with us 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 have been occasions of unscrupulous practices that operate around the fringe. But they are certainly not the norm, and they exist in every industry, even with mainstream lenders as we all saw throughout the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry back in 2018.

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 clients – no cookie cutter lending here, and we can settle new deals in 48 hours if we need to.

Take our new product 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 and Mortgage Manager 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)

[email protected]

0420 410 940

 Andrew Myles – WA

[email protected]

0408 678 838

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

[email protected]

04199 019 211

 Claudia Rahe – QLD/NT

[email protected]

0419 700 016

Ellie Shedden – NSW/ACT 

[email protected]

0436 189 807

Lucas Chesterton – VIC (West including Geelong) & SA

[email protected]

0413 644 281

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

[email protected]

0432 213 207

 Toby Wilcox – VIC (North including northern regional areas)`

[email protected]

0437 911 342

Source: Nick Green, Head of Distribution, Oak Capital