We fund these loans from $20,000 to $5,000,000 in 24 hours
Secured Business Loans are all we fund, which makes us the Secured Business Loan Specialists. We are one of Australia’s largest funders of Secured Business Loans, which includes our Bridging Loans, Caveat Loans, plus our Interest Only 1st and 2nd Mortgage Loans.
Our secured business loans help business owners, builders, property developers, and commercial property investors with the funding they need to help them grow, or save them from a crisis.
We are the lender of choice to when you need a large sum of money for your business BY TOMORROW. Best of all, you don’t want the hassle of having to provide a mountain of paperwork, provide cashflow records, and be asked 100 questions.
You just want to get the funding you need in 24 hours so you can get on with the job.
SECURED BUSINESS LOANS are often the only solution available.
WHY? Most unsecured business lenders will not fund you if you have….
- A poor credit score
- Unpaid tax debts
- Limited trading history (or a new business)
- Irregular or seasonal cashflow
- In an industry they don’t like
- Serviceability issues
- Loan amount too high
HomeSec has no issue with any of these things, which is why we are a lifesaver to business owners across Australia.
We fund 3 types of Secured Business Loans…
No Payments during the loan term of 1 – 6 months
No Payments during the loan term of 1 – 6 months
Interest Only payments. Minimum Term of 12 months
We don’t do valuations and ALL 3 CAN BE FUNDED IN JUST 24 HOURS!
What is Required?
- Interest Only payments on our 1st and 2nd mortgage loans
Secured Business Loans in Australia with Lowest Interest Rates from HomeSec
If you have a suitable asset and are searching for a business loan, a secured loan is the best alternative. With this loan type, you can submit your property as collateral or security for accessing competitive interest rates and high funding amounts. Homesec has many options for business owners to use the equity in their home for business use. The borrower can use any asset, like commercial or residential property and vacant land as collateral.
You should submit the asset documentation and additional supporting documents to the lender. However, the loan amount will not be equivalent to the security value you will submit. For instance, you have submitted a house of $600,000 as security, Homesec lends up to 75% of the value of the property less what you currently may owe on a first mortgage.
Features of Secured business lending
Let us check out the interesting features of secured business lending below.
You can select capitalised interest or interest only payments for secured business loans.
Secured loans are usually short term and can vary from one month to 2 years.
Borrowers with imperfect or poor credit scores can also apply for secured loans.
Fees and interest rates
Interest rates of secured funding are generally lower than the unsecured ones. The asset decreases the risks for the lender, and thus they offer the best competitive rates. There are also fees associated with the secured loan in Australia, including legal and establishment fees. All fees and interest can be capitalised into the loan.
Since these loans are secured against collateral or security, borrowing amounts are also higher compared to unsecured funding. You can borrow a loan amount ranging from $20000 to $5million, according to your asset value.
The application time for secured loans for bad credit can be finalised in as little as 24 hours provided you submit all the required information. However, before applying for this loan type, you should evaluate the property or asset you submit as collateral.
What asset to use as collateral for secured business loans in Australia?
While offering a property or asset as a security, the loan gets secured against the asset equity. The property that we commonly accept against secured lending includes:
- Commercial property
- Rural property
- Residential property
The LVR ratio might differ based on the security the borrower offers. For example, residential properties can get a loan of up to 75% of the property value. You also do not have to be the property owner to offer it as collateral, however that owner must have an interest in the business. You need to submit the legal documents and access to the property equity to get the funds you require. Other lenders can also consider other assets for securing the loan amount like:
- Business equipment
- Business vehicles
- Business Machinery
- Business invoices
You can use the secured business loans for any worthwhile business use like purchasing commercial property, vehicles or equipment. You can also implement the funding from this loan to expand or grow your business, purchase inventory, buy another company, working capital shortfalls, refinance debt and hire staff.
Eligibility Criteria for a secured loan
HomeSec always clearly specifies the eligibility criteria for secured lending to the borrowers. You have to meet the following eligibility criteria to get the loan approval.
To qualify for 12 month interest only loans Homesec will require 6 months trading history, however for 1 – 6 months loans there is no history required, this is perfect for new businesses.
You should have a property or commercial property asset to submit as a security.
The lender will check the borrower’s monthly income to make sure they can repay interest only payments. In the case of a business owner, they will check your monthly business turnover. Capitalised loans do not have this requirement as there are no repayments.
Why Select HomeSec for Secured Loan in Australia?
HomeSec offers secured loans for bad credit also to help business owners expand and grow their businesses. As one of the pioneering lenders in Australia, we have assisted almost 30k businesses to date to succeed and reach their targets. Our client-centric business funding is designed to asssist a company’s growth potential. We offer borrower-friendly repayment terms and interest rates.
Unlike traditional banks or other financial institutions, secured loans from HomeSec always keep the needs of the borrowers in mind. The reason for the popularity of our secured loan includes:
- Easy and faster access to the approved funding
- Easier and free to apply with no obligations
- Dedicated and customer-centric support
So, submit your online application today or talk to one of our secured lending specialists to get the loan today!
What are Secured Business Loans?
Been Declined by Unsecured Cashflow Lenders?
Your looking for a longer term business loan (of 12 months or more), and you have tried the bank and the Cash Flow Lenders and they can’t fund you. Thankfully, as long as you have sufficient equity in a piece of real estate, we will fund you.
HomeSec short term Caveat Loans and Bridging Loans are the lowest of Lo Doc loans you will ever find. The reason is because we only need 3 thing items from you, and if you have enough equity in real estate, we will fund you. The interest is capitalised into the loan. This means you don’t have to pay a cent during the loan term.
Our 2nd Mortgage Loans often have lower monthly payments as they are an “interest only” loan. In addition, we will fund any industry, and your credit score and payment history is irrelevant.
Plus we can fund you in just 24 hours from the time you apply, and without all the hassle of providing cashflow records and tax returns.
Mortgage and Finance Brokers
HomeSec Secured Business Loans are a huge hit with Mortgage Brokers, Finance Brokers and Accountants across Australia and New Zealand. This is because these professionals are becoming aware of HomeSec Business Finance Caveat Loans, Business Bridging Loans and 1st / 2nd Mortgage Loans, and are actively telling their small business and commercial clients about them.
This is a smart move, because brokers and accountants need to be able have a solution if a business client comes to them needing a large sum of money, and they can’t get them approved with the banks or any of the Cash Flow Lenders due to serviceability issues, poor credit score, business type or length of time in business.
None of that worries HomeSec, and we can fund business customers in just 24 hours from the time they apply.
If you have sufficient equity in real estate, you are almost certain to be APPROVED and funded within 24 hours.
Frequently Asked Questions
A secured loan is a loan guaranteed by an asset such as a property.
You must provide security to a lender for a secured loan. This would be using the equity in your property to secure the funding.
An unsecured loan does not require security.
Once an application has been submitted funding can occur 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.
Yes, funding is provided for any business owner who has equity in real estate.
Loan terms can range from 1 month to 12 months.