Australia’s Fastest Caveat Loans For Business
Caveat Loans for business can be funded in 24 hours and are a lifesaver for business owners and property buyers. This is because caveat loans can be funded so quickly, and without the need for cashflow evidence or other financial records.
Does your business need URGENT access to funds by tomorrow? It may be to pay an urgent debt in order to stop foreclosure, or it may be to seize the day and take advantage of a major opportunity before someone else does.
HomeSec Short Term Caveat Loans can genuinely settle in 24 HOURS from the time of application, as we do not require sworn valuations. The other great part is you don’t need stable cashflow in order to get a caveat loan. In fact, unlike unsecured cashflow lenders, with caveat loans you don’t need to show any cashflow records at all.
This makes our Caveat Loans super popular for…
Businesses impacted by Covid 19
Property Developers & Builders
Any business with seasonal, irregular or lumpy cashflow
Short Term Caveat Loans for business purposes are generally taken out by business owners who have equity in real estate, and who need access to funds very quickly. These loans are only every for a short term of between 1 month and 6 months.
Our Caveat Loans can be for any worthwhile business or commercial investment purpose. In addition, we are one of the only short term caveat lenders who will lend money on property located anywhere in Australia and New Zealand!
Poor credit scores, mortgage arrears and tax debts are no problem at HomeSec. As long as you have sufficient equity in real estate, we will fund you by the next business day. It’s that simple!
The HomeSec Business Finance Service
+ INSTANT APPROVAL & and written confirmation in 2 business hours!
+ FUNDING IN 24 HOURS! ($20,000 to $2,000,000)
+ NO HIDDEN COSTS & NO MASSIVE UP-FRONT FEE’S TO PAY
Best of all, Interest and all costs are all Capitalised into the loan, so you don’t have to pay them up front, and there are NO PAYMENTS during the term of the loan.
What is Required?
Sufficient equity in real estate security (we lend up to 75% of the property value)
A business purpose for the caveat loan
An Exit Strategy, which is simply how you plan to repay the caveat loan
What we Provide.
Secure Rapid Finance with Quick Caveat Loans from HomeSec
Caveat funding is a rapid financing option that you can apply for using the available equity in your property. Borrowers can use caveat loans for different business reasons like buying a new asset or property, renovating commercial property, debt consolidation, and many more.
If you want to apply for or get a caveat loan, always select a reliable private lender like HomeSec instead of the traditional bank for a streamlined application procedure. Unlike banks, where you will get stuck with a complicated and lengthy process, HomeSec implements various state-of-the-art technologies for achieving settlements within a few hours. Our fast decision-making combined with innovative technology allows us to provide a smooth lending experience to the borrower from the beginning to the finish.
Thus, when you need caveat loans for business purposes, get simple and fast caveat loans from HomeSec today.
Can the Borrower refinance existing debts with a Caveat loan?
A borrower can refinance existing debts or existing caveat loans provided there is sufficient equity available in the security being offered. This may save you on monthly expenses in your business and free up some much needed cashflow. At HomeSec, we take the necessary time to assess your unique circumstance and offer a reasonable deal. To get caveat loans from us, submit an online enquiry and one of our friendly staff will call to discuss your needs.
After verification, you will receive an outline of the application fees and interest rates. Once approved you will receive the settlement within one or two business days and be able to use the funds for whatever business purpose you have applied for the loan. To start your loan application, you should submit the following data:
- Basic information like name, phone number and email address
- Loan details, such as the purpose of the finance
- Detail and information about the property
- Relevant documents for the loan approval
When to consider getting short-term caveat loans?
Business owners looking for opportunities to innovate, rebrand or expand their company should apply for caveat funding. If you require access to the capital for starting a brand new business or want to buy business equipment, it is one of the best options to get funds through a caveat loan.
On the other hand, caveat loans can be used to purchase commercial property pending the sale of an existing loan, they can work like bridging finance, the loan gets repaid once the existing property sells. Any borrower with the sufficient equity in real estate property should go for an urgent caveat loan. HomeSec accepts both commercial and residential properties as collateral for the loan. If you are the equity owner over any one of these types of properties, as a company or an individual, you can apply for caveat funding at our company.
We offer LVR (Loan-to-Value Ratio) of 70 to 75% of the property value. The borrower can apply for a loan amount ranging from $20,000 to $5,000,000 for a loan term ranging from one to 2 years.
Reasons to Select HomeSec for your Quick Caveat Loans
When the borrower requires funds immediately, there is nothing more frustrating than going through a painful and extended procedure of financial approvals and bank applications. At HomeSec, we always concentrate on different ways of approving a loan rather than rejecting it. We offer a seamless application process with competitive interest rates and approve the funds within 24 hours. Other benefits of applying for fast caveat loans from HomeSec include:
As one of the most reliable and commercial private lenders, we provide complete flexibility with every facility that major mainstream financial institutions and banks cannot.
Complete client satisfaction
Most of our borrowing clients are satisfied with our services and have given a positive review about our company.
Approval within a few hours or one day
The best advantage of caveat loans is the speed at which we process the funds. Usually, the funding becomes available within one to two days of applying.
Caveat loans are meant to be short-term finance. Thus the borrower can apply for this loan and repay the entire amount within one to 12 months.
Full Online Procedure
You do not have to ever leave your home while completing the application for caveat funding. The process is fully online in the security of our website portal.
Years of experience
We have had a reputation as the most trusted private lender in Australia for over a decade. HomeSec has been helping people to get their ideal loan deals for years.
- Fast and reliable short-term caveat loans
- Competitive interest rates for the funding
- Structured solutions for the requirements of the borrower
- The interest rate is dependent on the security type
- The borrower can borrow up to $5,000,000
- No monthly fees or early repayment fees
- Fixed interest rate
- The borrower can use the funds for any purpose
So, if you also want to access an urgent caveat loan for your business or personal use, give us a ring on our number or fill out the form.
What is a Short Term Caveat Loan?
A short term Caveat Loan is a ‘fast settling’ business loan that simply sits behind your current 1st Mortgage.
Caveat Loans for business purposes are secured against real estate, and they are called Caveat Loans because we use a caveat to secure the loan on title. This enables us to fund you in just 24 hours. Caveat Loans are perfect if you need access to extra funds by tomorrow, and you want them for a very short term of 1 – 6 months.The interest and costs are all capitalised into the loan, so you don’t make any payments during the loan term. It’s just all repaid in one hit at the end. (often from a refinance or property sale, etc)
As it is a business loan, all interest and costs are fully tax deductible.
SOME REAL EXAMPLES
A property developer urgently needed $240,000 to use as a deposit on a piece of prime land that came on the market. This property purchase would make him a fortune, if only he could get the money quickly. HomeSec funded him in 24 hours by securing the caveat loan against his house.
A dentist had a huge tax debt, and he couldn’t get equipment finance until the tax debt was paid. We paid the tax debt within 24 hours.
A cafe owner heard a competitor was selling his cafe and he needed $400,000 to snap it up. He simply couldn’t wait for the bank as the opportunity of a lifetime would have vanished by the time bank funding was available. So HomeSec made it all happen in 24 hours with a short term caveat loan.
If you have sufficient equity in real estate, you are almost certain to be APPROVED and funded within 24 hours.
Frequently Asked Questions
Loan amounts range from $20,000 to $5M and are determined by the available equity in your real estate asset.
A caveat loan can be funded in as little as 24 hours.
Yes, credit history is not relevant to our funding, however in some cases we may require any court judgments to be repaid from the loan proceeds.
Along with completing our online application, you will need to provide ID, rates notice and a current mortgage statement.
Any business owner with a registered ABN or ACN can apply for a business loan, provided the funds are being used for a business purpose and you have sufficient equity in real estate.