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  • Home
  • About Us
    • Our Business Loans
    • What Sets Us Apart
    • Important Questions to Ask
    • Getting a Quote
    • Who We Can Help
    • Short Term Business Loans Explained
    • Business Lending Secrets
  • Short Term Business Loans
    • Caveat Loans
    • Finance for Property Purchases
  • Business Bridging Loans
    • Refinance Delays
    • Property Settlement Delays
  • 2nd Mortgages
    • Secured Business Loans
    • Interest Only Business Loans
  • FAQ
    • Become a Partner
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HOMESEC
FAQ’S

Your one stop for all frequently asked questions received by HomeSec Business Finance

Our Products

What is a Short Term Business Loan and
what is a 2nd mortgage?

Designed to be fast for our clients

Our business loans are designed to settle within 24 hours of receiving your online application. They are simply a short term finance solution, where you get the funds you need today and use them to bridge a gap that may exist.
Unlike almost every other business lender, we do not base approval decisions off the applicants income or credit history.

Instead, we simply look at the equity in the property being offered as security, the loan purpose (business/commerical use only) and the exit strategy.

Homesec FAQ

Why People Take Out Short Term Business Loans?

Cashflow
Crisis

We had plastering company who had secured a big job, and to secure the big job the director gave 90 day terms to the project builder.
The owner had 13 other plasterers on site working for him, and at around day 40 of 90, he ran out of money to pay wages. It was a union controlled site, so if no wages were paid, apart from having upset employees, they would be kicked off site.

Pay day was a Friday and he came to us on a Thursday. We advanced him $95000 for 2 months, and secured the debt against his house in Melbourne.

In 2 months time, he paid our Business Bridging Loan back when he got paid for the job.

Maximise
Profits

We funded a doctor who needed access to $450,000 ASAP to buy new state of the art medical equipment. To wait months for the bank would cost her business dearly, as she stood to make $3000 a day once the equipment was installed.

So we advanced the funds to her within 1 business day, and the bank paid our Business Caveat Loan out when they were finally ready to fund her loan two months later.

OUTCOME: The HomeSec Business Finance short term caveat loan made her $3000 a day profit for the 2 months while she was waiting for the bank. It was a no-brainer!

Opportunity
Too Good To Miss

We had an electrical goods retailer who received a call from an importer who had a massive order cancelled on him. If the retailer had a spare $500,000, he could get the whole shipment at half the usual wholesale value.

This would enable the retailer to make 200% mark up or more as a result of getting their hands on this stock,
so getting a Short Term Caveat Loan for 2 months in order to get the money in 24 hours makes good
business sense….
Rather than miss out on the deal, and the profits.

Consolidation

We have many property investors who for one reason or another have fallen behind in their repayments.
In order to refinance at a competitive rate, they need to bring their mortgage/s up to date.

With a Short Term Business Loan. As long as there is enough equity in the security properties, we are not concerned about the fact that their first mortgage is in arrears. We will pay the funds directly to the first mortgagee to bring the loan up to date. In these cases we do not advance the funds to the borrower, unless the borrower requires additional funding.

Often the client may have left things until the last minute, and situation is that critical that the first mortgagee is ready to send the sheriff around to evict.
This is where the need for fast service is paramount.

Other reasons why people may need a Short Term Business Loan, Business Bridging Loan, Caveat Loan or 2nd Mortgage Loan

They could need access to funds in 24 hours to:

1. Pay off an overlooked or overdue business tax debt.
2. Fund a shortfall on a commercial property settlement.
3. Provide urgent cash flow due to an unexpected downturn.
4. Fund an urgent advance on a pending refinance or property sale.

We’ll lend for any
worthwhile business purpose

HomeSec Business Finance will lend for any worthwhile business or commercial investment purpose, as long as there is enough equity in the security property (our max LVR is 75%) and there is an exit strategy (e.g. sale of property, refinance, payment from a trade debtor etc)

Why don’t banks or other finance companies
fund these loans?

  • Typical Business Lender
  • The Bank
  • Homesec Business Finance
  • Alternate Business Lender

It comes down to speed and lack of financial records

If the business borrower can wait 4 weeks, and they can show 2-3 years of tax returns and good profit results, they may get an overdraft or business loan from a bank.

However, if a business client needs cash by tomorrow, they come to HomeSec Business Finance.
Still not convinced? Ask yourself, “If I need access to a large sum of money by tomorrow, how would I get it?”
Thankfully, now you know of a reputable business finance company that can fund you, fast.

WHAT SETS HOMESEC BUSINESS FINANCE APART FROM IT’S COMPETITORS?

Our Lack Of
Up-Front Fees

All lenders do charge a modest upfront fee of less than $1,000 to cover their costs of assessing new loan applications.

However some short term business lenders promise the world, then ask for thousands upon thousands of dollars up front.

Massive upfront fee’s are simply not warranted, and borrowers should be wary of such lenders.
If they approve a loan and then want thousands of dollars paid into their account up front, be very careful as many borrowers end up thousands of dollars out of pocket, and with no loan.

The Quality Of
Our Service

HomeSec Business Finance issue Approval Letters on approved loans within 2 business hours.

Once that offer for finance is formally accepted by the borrowers, legal contracts are issued within 4 business hours.
We don’t do property valuations, and we don’t need Asset & Liability statements, tax returns, or financial records, etc.

Plus, the friendly staff at HomeSec keep their clients and brokers in the loop at every stage of the 24 hour process.

Innovative
Practices

We email our loan contracts, rather than the 20th Century way of posting them, which could take 2 – 3 days to arrive.

In addition, we settle transfers in real time … not by cheque or internet transfer.
This means the money hits the borrowers account as cleared funds immediately.

The Speed At Which
We Act

HomeSec Business Finance is virtually the only short term business lender who CAN physically settle a short term business loan or 2nd Mortgage loan within 24 hours.

Many other private business lenders say they can,
but their clunky business practices and lack of resources makes it impossible for them to deliver in time.

We Are
The Lender

As we hold the funds that we lend out, we don’t go off and broker the deals to investors or other lenders.

If you have sufficient equity in real estate, you are almost certain to be APPROVED and funded within 24 hours.

Apply Now

Our Company

HomeSec Business Finance is Australia and New Zealand’s largest short term business lender and the trusted funder of choice for fast short term business loans.
SBAA
Awards Finalist
SBAA
lendingsince2004

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