Adelaide, SA – 10 June 2025 — With record numbers of Australian builders going bust and traditional bank funding failing to keep pace with construction demands, more families are stepping in to finance their own home builds through private lenders. Renown Lending, a South Australian-based non-bank lender, is leading the charge by providing a faster and safer funding model that’s transforming how residential homes are delivered across the country.
More than 2,000 construction companies collapsed in the last financial year, with many citing cash flow challenges tied to slow bank approvals and lengthy drawdown processes. Homeowners, now wary of the risks, are increasingly requesting that their builders be financed through Renown Lending, which pays invoices within 24 hours and holds funds in trust for greater transparency and control.
“We’ve seen a massive shift in mindset,” said Kalpi Prasad, founder of Renown Lending. “Families are no longer willing to risk their dream home on outdated funding models. They want their builder paid on time, and they want confidence that their project will be completed. That’s exactly what we provide.”
Traditional bank finance can take up to six weeks for approval, followed by another three weeks to release funds. This lag has left many builders unable to pay subcontractors or purchase materials, triggering costly delays and, in many cases, business failure. Renown Lending offers an alternative: pre-approved loans with funds held in trust and released within one business day of verified invoices—ensuring trades keep working and builds stay on track.
The model is gaining traction not just with homeowners but with builders themselves.
“Working with Renown Lending means I don’t have to chase payments or juggle jobs just to manage cash flow,” said a Melbourne-based builder. “I can focus on doing what I do best—building.”
As material prices and labour costs continue to rise, and fixed-price contracts remain inflexible, private lending is emerging as a stabilising force in a volatile industry. Renown Lending is now working with builders, developers, and owner-builders across Australia to provide short-term, property-backed finance tailored to real construction timelines.
Key Facts:
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Over 2,000 builders collapsed in the past year due to cash flow issues and delayed bank funding.
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Traditional lenders take up to 9 weeks to approve and release construction funds—stalling projects and leaving tradies unpaid.
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Renown Lending pays verified invoices within 24 hours, helping builders stay afloat and homeowners complete their dream homes.
About us:
Renown Lending is a privately funded non-bank lender based in South Australia, specialising in fast, flexible finance solutions for builders, developers, and homeowners. With a strong commitment to transparency, speed, and ethical lending, Renown Lending helps clients complete projects without the delays and red tape of traditional banks.
Contact details:
Kalpi Prasad
Founder & Finance Partner
Renown Lending
Email: [email protected]
Phone: 1300 138 188
Website: www.renownlending.com
