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
New Business Start Ups
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.
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.