Loan Features
Income assessed differently
Lenders assess business income using financial statements, tax returns, or alternative documentation, depending on the lender.
Pre-approval recommended
Pre-approval helps confirm borrowing capacity before committing to a purchase or refinance.
Documentation varies by lender
Requirements may include tax returns, BAS, accountant letters, or bank statements.
Formal approval after submission
Once documents are reviewed and a valuation completed, the lender issues formal approval.
Loan settles or refinances
Funds are released at settlement for purchases or used to pay out an existing loan when refinancing.
Repayments commence
Principal and interest or interest-only repayments begin based on the loan structure chosen.
Ongoing reviews as income changes
Loans can be reviewed as business performance or financial circumstances evolve.
GKM Mortgage Brokers can provide professional advice on exactly what documents are needed, avoiding unnecessary delays.
Why use a Broker?
Access to self-employed-friendly lenders
Brokers know which lenders are flexible with business income and non-standard documentation.
Match the right loan to your income type
Advice tailored to sole traders, company directors, and trust structures.
Reduce documentation stress
Brokers guide you on exactly what documents are needed, avoiding unnecessary delays.
Maximise borrowing capacity
Strategic presentation of income to improve approval outcomes.
Compare full-doc and alt-doc options
Access to a wider range of loan types than approaching one lender directly.
Manage the application process
Brokers handle lender communication, valuations, and follow-ups.
Support complex structures
Experience with company, trust, and partnership borrowing scenarios, reviewing financial statements as well as using add-backs, one off and non-reoccurring expenses to legally inflate your income allowing you to borrow more.