There are no shortages of private business lenders offering short-term business loan products at the moment. The reality is that very few of them are all that effective at providing real business solutions for their clients, in a fast and efficient manner.
Many in the industry call these lenders The Pretenders. Conversely, there are the real private business lenders. HomeSec Business Finance is a real private business lender, because we always deliver for our clients, and we are super fast, and our loans don’t have any excess or hidden fees.
No Valuations Needed
We do not need to report to a board or lending committee to get approvals like most short-term business lenders do. All HomeSec loan products are approved in-house. This means that we do not need to waste your time and money with external valuations.
Because we are the lender, and it is actually our own company funds, we perform all our due diligence ourselves. Consequently, we do not charge thousands of dollars for up-front fees like the pretender lenders do.
The truth is it doesn’t actually cost that much to do due diligence. External valuations are actually very expensive these days, and they take a lot longer to do. So, we would much prefer to do our own property assessments.
What’s in it for Brokers
At HomeSec one of our core values is respect for our brokers. We pay our brokers immediately at settlement, and we also do not have “claw backs” on their brokerage. We also allow our brokers to charge an interest trail that suits them.
We can settle 1st and 2nd mortgages for you in less than 24 hours. This is extremely helpful for borrowers who have a property purchase that has gone into rescission.
It is very common for people to purchase a property only to have their finance fall through before settlement. This can be a nightmare for people, as the banks will not touch these loans. As a result, the borrower can end up losing the property and their deposit.
Fortunately, at HomeSec, rescission loans are our specialty. We can settle on a purchase in twenty-four hours to ensure that you do not lose any money.
So, if you or a client need a fast short-term business loan, don’t go to a pretender lender. They will only waste your time and money and add to your stress. Only trust a real lender that can actually deliver, and will help your business get ahead.
Speak to one of our friendly staff today on 1300 93 83 87, and ask how we can help your business with a short-term business loan.