HOMESEC
FAQ’S

Cashflow
Crisis

We had plastering company who had secured a big job, andto 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 newstate of the artmedical 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 competitiverate, 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.

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 by Telegraphic Transfer… not by cheque or internet transfer.
This means the money hits the borrowers account as cleared funds within 2 business hours.