We are sure we don’t need to tell any of you that insolvency rates are on the rise at the moment. With the cessation of the federal government’s job keeper initiative this March; many businesses are being forced to shut up shop for good.
At HomeSec Business Finance, more and more what we are finding is that it’s the little guy, who is being hit the hardest during unprecedented times. These days most business lenders do not want to touch smaller loans under $250k. This is because they think there is not enough money in it to warrant their time and energy.
This sort of mentality has devastating implications for smaller businesses across Australia and our economy at large. Especially when they are no longer able to rely on support from the government.
Fortunately, HomeSec Business Finance is here to help! Whether it is a $20k or a $5 million-dollar loan, we are here to cater your needs.
In fact, more recently most of our loans have been at or below $250,000. We have our processes finely tuned into a well-oiled machine. We have been in the business for over 16 years, and so we are highly skilled and experienced with all things short-term business finance.
For us it makes no difference in terms of time and resources, if it is a smaller loan or a larger loan. So we are more than happy help you with whatever you need from us.
At HomeSec, we approach every loan with a basic set of questions, and they are…
- Is the loan for a business purpose?
- Do you stand to make money from the purpose of the loan?
- Have you got equity in a property?
- DIs a viable exit strategy prepared? (ie: to repay the loan)
As long as this criteria is satisfied and your application checks out, then you can move ahead with confidence. I that that because we do not move the goal posts to suit the weather that day.
A lot of smaller businesses are reluctant to pursue an avenue such as a short term business loan, bridging loan, or caveat loan, because they hear horror stories about some short-term business lenders. They equate caveat loans with excessive upfront costs and hidden fees, which they cannot afford, because they are experiencing cash flow issues. Some business owners also assume that these credit facilities are suited to bigger businesses. WITH HOMESEC, THIS IS NOT THE CASE.
What we would like to emphasise to all the little guys out there that you are the backbone of our economy, and HomeSec is here for you too.
We do not require financials or cashflow projections figures from you. We understand that most small businesses simply do not have the ability to get a hold of such information. Plus, we won’t take weeks of your precious time with a complex application process either. Our application process is straightforward and simple to understand.
Our online application form is so simple, you can complete in your car in between appointments, if need be. We can have the funds in your bank account in just 24 hours. This lets you get back to doing what you do best in your business. So, if you or your business clients are having trouble staying afloat, don’t lose another night’s sleep, talk to HomeSec Business Finance today.