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Unregulated business loans – Considerations for lenders

Small and medium-sized enterprises (SME) account for the vast majority of businesses operating in Australia and yet obtaining business finance from the country’s top bank lenders can be a challenging and time-consuming exercise for them. Unsurprisingly, there seems to be a growing preference amongst businesses in recent years towards non-traditional lending options due to less stringent requirements, giving rise to an increase in private lenders operating in the space.

Private loans to corporate entities are generally subject to fewer regulations, which makes the application and approval process quicker and easier. [...]  READ MORE →

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Having trouble understanding the PPSA?

If you are having trouble getting your head around the complex Personal Property Securities Act (PPSA) there are many other individuals and companies who face the same dilemma.

Contact a commercial lawyer at Matthews Folbigg to obtain a comprehensive understanding of how to protect your security interests, as well as how to go about making registrations on the Personal Property Securities Register.  We offer detailed legal advice and interactive tutorials in-house or at your office.

Jeffrey Brown – jeffreyb@matthewsfolbigg.com.au or 9635 7966 [...]  READ MORE →

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Failing to register security interests on the PPSR

Proceedings were recently commenced in NSW in relation to the lease of 4 gas turbines worth approximately $50M where the lessee of the gas turbines has gone into liquidation.  The owners of the gas turbines failed to register their security interest on the PPSR and are now at risk of losing priority to other creditors, despite being the legal owners.

Our Business Lawyer Parramatta can assist you in ensuring your assets are properly secured on the PPSR.

Phillip Brophy – phillipb@matthewsfolbigg.com.au or 9635 7966 [...]  READ MORE →