At HomeSec, we pride ourselves on our ability to think outside the square, when it comes to
business loans.
You see, unlike our competitors, who are looking for every reason not to
fund a deal, we’re asking ourselves…How can we make it work? And that’s been our motto
for the past 16 years… how can we find a real funding solution to suit your client’s needs?
You see at HomeSec, you are dealing with highly experienced professionals, who are
capable of making a decision and are committed to providing your client with exceptional
service. You are not dealing with what feels like a robot that crunches numbers and sees the
world through a black and white lens.
For example, some of our competitors who have a maximum LVR of 75%, won’t even
consider a loan at 77%, even if the deal stacks up in every other way. At HomeSec, our LVR
requirement is 80%, however we will go up to 85%, if the business has a sound exit strategy.
We will consider this if the business owns other assets, such as a car or machinery. We also
consider each loan on a case by case basis. So, we will look at whether the person appears
financially stable or not. Ultimately our aim is to open up the deal and make it work by
coming at it from every possible angle.
At HomeSec, we have always taken great pride in the fact that we are one of the few
lenders that fund loans Australia wide, including regional areas.
More and more it’s becoming common practice for lenders to significantly reduce the LVR in regional areas,
even prominent and affluent areas that have a strong housing market. The reality is some
regional areas are performing better than urban inner-city areas. Our competitors, however,
seem reluctant to take the initiative to get on the internet and do a little research.
Just a few weeks ago we funded a caveat loan in a little town, approximately 50km out of
Bendigo, Victoria. At first glance, we were hesitant to take the loan on, as the town’s
population was only 100 people! A quick phone call to the town’s local real estate agent,
however, proved to be extremely helpful. He explained to us that in this town there are no
shortage of potential buyers, and that most properties don’t even make it on the market,
because they are sold that quickly. He has a waiting list of people wanting to buy in the area
that he’d need only call to have the property sold in a flash. The town is that popular that
someone almost has to die just to get into it.
In this case, we were happy to fund the loan, because our client has options. If something
happened, where she needs to sell her property very quickly at the end of the term of the
loan, she can, so she has a great back up plan. These are some of the finer details we
consider at HomeSec, because we understand that business is rarely black and white. So, if
you’d like deal with a real person that is capable of making a decision, stop going to all these
robots, and speak to someone who cares at HomeSec Business Finance today.
