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Debt Advisory FAQS

  • What is an alternative lender?
  • An alternative lender is a broad description of any lender that is not a traditional bank.
  • What are the typical rates for alternative lenders?
  • Rates vary from 8% to 20%. The rate is dependent on whether the loan is secured or unsecured and if secured, the secured collateral.
  • What is the difference between a debt advisor and a lender?
  • A lender is a financial institution that makes loans directly to you. A debt advisor does not lend money. A debt advisor finds the right lender for you.
  • How long does it take to get a loan from an alternative lender?
  • The time to get a loan from an alternative lender is typically quicker than a bank. It can be as quick as two weeks to funding. The speed to funding is dependent on your ability to get them the required information to underwrite the loan. We are here to help you prepare this information to ensure the deal moves quickly.
  • Can I work with an alternative lender if I already have a loan with a chartered bank?
  • Yes. There is room to bring in alternative lenders even if you already have a bank. We are here to help negotiate inter-creditor agreements between multiple lenders to make sure you have the capital you need.
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