One of the more difficult aspects of securing business finance is that sometimes you do not know what you need to know until it is too late.
Just ask anyone in business and they will tell you that borrowing money for a business purpose is not always as simple as it should be. It can be easy to fall into the trap of taking for granted that you can simply access funds for any business purpose you might have. What is worse, if your only concept of business finance is of visiting the bank manager, you are going to be sorely disappointed
Did you know that can no longer refinance your property with the big banks, if you have overdue business, tax and/or land tax debts. Let’s say for example you want to use the equity in your house to help grow your business, and you have a tax debt. The bank will not allow you to do this until the tax debt has been cleared. Only problem is though, opportunity does not wait, does it?
What makes matters even more frustrating is that they will not even allow you to use the equity in your house to clear your business tax debts. So, what on Earth are you to do? Sell your dream home that you have spent years working towards, just so that you can access 200k, as example, of your own equity? That’s right, your equity!
Wouldn’t it be amazing if you could get business and land tax debts paid in a day? Fortunately, we are here to tell you today that there is a solution, the HomeSec way . At HomeSec Business Finance, one of our specialities is in funding short-term business loans for business tax debts. These are sometimes known as short term Caveat Loans.
Fix the problem in a day!
You can borrow the funds to pay off your business tax debts, plus the $200,000, you require to expand your business. You can even pre-pay the interest with us for some of the term, for example, 2-3 months, so that you have no interest repayments until the end of the loan.
That way, you are not putting pressure on your cash flow, and you can allow your business time to get ahead. We can get the funds to you in just 24 hours, and you can concentrate on what you do best, knowing your business tax debts are all cleared.
Then once the dust has settled, you can do a refinance with the bank with all your tax debts clear, at a cheaper rate that is more appropriate long-term. At HomeSec Business Finance, it really is quite simple for us. If you stand to make money on the loan, you have a property with equity and have a viable exit strategy, then it is yes from us.
So, if you have business, ATO or land tax debts, and want to access the equity in your property to grow your business, don’t lose sleep over it! Talk to HomeSec today about how we can help you and your business thrive.