Frequently Asked Questions

Most business owners in their growth phase experience a cash intensive time, yet they need to seek out finance to grow their capital. During the early stages of growth it is difficult to convince traditional banks of the merits of an application – non-bank lenders become the only option at higher rates and on short terms. Once growth is achieved and sustainability established, the business owner seeks to preserve cash flow and establish profitability at a level suited to them. At this juncture it becomes crucial to reduce high interest rates on borrowings and reset them for longer, more sustainable terms.

A business owner with a solid application may approach a bank directly for business finance and gain approval. However the bank manager is very good at setting terms that suit the lender, but are not necessarily in the best interests of the business owner. A business may get tied up with unexpectedly high repayment schedules, charges over the entire company, its assets and that of the owners. Now, there is a lot at stake for the business owner when they receive their regular bank reviews, and those clauses in the loan contract that didn’t appear to be a problem, are suddenly looming ones.

 At Bushido Finance we explain all the risks of contractual small print when we discuss your options with you. We then set up a loan facility to the advantage of you, the business owner. We are brokers on your side.

In most straight forward bank or major lender applications we do not charge a fee to you, our client. Rather we are paid a commission from the lender of your choice, for introducing a settled loan.

This commission is paid out of the lender’s operating budget, and is not a fee added to your loan disbursement. It’s rather like the bank paying staff and branch costs, but in this case they pay the mortgage broker for processing your loan application. From the bank’s point of view both channels of business, branch and broker, incur similar costs.

We disclose all commissions received by us in a Credit Proposal and Disclosure report provided to you, along with any conflicts of interests that could cause us to recommend a lender over another more suitable option, before we submit any application on your behalf.

There are instances when an application requires considerably more work and is difficult to place. In these instances, we may charge an additional brokerage fee. This fee is always disclosed upfront in a Credit Quote or Brokerage Mandate document that must be agreed upon and signed by you, before we submit an application. We will advise upfront if your application is likely to incur a brokerage fee.

For all personal and investment loans, we are required by law to recommend the top 3 lender products we have available, and that are not unsuitable for your requirements.

We will discuss with you policy and service level considerations that may mean one particular lender is preferable over another.

Regardless it is in our interests to source and present the most competitive loan products to meet your requirements, due to the competitive environment in which we operate. At any time if you’d like to know more about a particular lender and their products, we will compare that lender with our recommendations, for your peace of mind.

Bushido is for the highest benefit for all – imbued with all the qualities of sincerity, loyalty, calmness, fairness, and propriety within a disciplined warrior code designed to defend justice and societal wellbeing.

The Samurai, who followed the chivalrous code of Bushido, aspired to exemplify such qualities protecting the citizens against threat of external forces, while observing fairness and disciplined respect for the revered social structures that supported harmony. It is therefore no surprise the Samurai were held in such high regard in medieval Japan.

Bushido Finance aspires to the same ideals in finance. From debt consolidation to home loans to short-term business finance, we are brokers on your side.