Short Term Business Loans
HOMESEC LOANS CAN SETTLE IN JUST 24HRS
WHAT MAKES US SO EASY TO DEAL WITH ?
SHORT TERM BUSINESS LOANS are generally taken out by people who need access to funds very quickly (over a short time of generally no longer than 6 months). Money is lent for any worthwhile commercial or commercial investment purpose. In addition, we are one of the only short term lenders who will lend money on property located anywhere in Australia!
WITH US YOU GET ...
+ SETTLEMENT IN JUST 24 hours!
+ BROKER FEE’S (if applicable) are paid at settlement! (for brokers) Your client remains YOUR CLIENT…. and we keep you
updated at every stage.
+ NO HIDDEN COSTS!
Borrow between $20,000 and $2,000,000….. Interest Rate: 4% per month (AND NO HIDDEN FEE’S)
Interest, Establishment Fee & legal costs are all Capitalised into the loan, so you don’t have to pay them up front!
OTHER THINGS YOU SHOULD KNOW
The borrower has sold a property, but it does not settle for another two months. However the borrower needs access to part of the money
now for business use.
The borrower is refinancing but needs some money right now to pay off some other business debts, or buy stock or materials before the refinancing can proceed.
What is required from you…
You must have equity in a piece of real estate. With our loan added to a current 1st mortgage that may be on the title, the LVR (Loan to
Valuation Ratio) needs to be 75% or less.
You need to have an EXIT STRATEGY. This means, you need to be able to show how you plan to pay the loan back within a period of no more than 6 months. (Eg: through the sale of a property or refinancing, etc)
Short Term Business or Caveat Loans must be for genuine Business or Commercial Investment Purposes.
Best of all, with short term Bridging or Caveat loans, you don’t have to make monthly interest payments. The interest is paid back in
one go at the end of the loan term, along with the principal.
Want To Get More Information ?
Our friendly team of Homesec Business Finance experts are waiting to speak with you.