Why would someone want a short term business loan?

• CASH FLOW CRISIS. We had a plastering firm who had secured a big job, and to secure the big job the director gave 90 day terms to the project builder. The plasterer 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. Payday was a Friday and he came to us on a Thursday. We loaned him $65000 for 2 months, and secured the debt against his house in Kew. In 2 months time, he paid us back when he got paid for the job. OUTCOME: We saved his bacon. 
• MAXIMISE PROFITS. We have recently funded a doctor who needed access to $450,000 to buy medical equipment. The money he would have otherwise had to pay for this new consignment was not yet due and payable from the companies who he had sold his last consignment to. This new consignment would see him make 300% mark-up inside 2 months, so to pay between 4% month to get immediate access to the funds for 2 months was a small price to pay in order to make a large profit. We will get paid back from the realized income from the sale of either consignment one or two, or from a refinance of his property portfolio… whichever occurs first. 
• OPPORTUNITY TOO GOOD TO MISS. We have had a variety of importers and retailers who have got onto a shipment of goods that they can buy with a much better price if they pay cash in the next few days. These goods are not stolen. It is a straight forward commercial transaction where a manufacturer wants to clear old stock at a dramatically reduced price. When a retailer or importer can make 200% mark up or more as a result of getting their hands on this stock, paying 4% a month 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 commercial 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. This is where we come in. As long as there is enough equity in the security properties, we will not be concerned about the fact that their first mortgage is in arrears….. However 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) 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. Naturally we need to see an exit strategy from the client (ie: refinance, sale of the property or another asset), and the loan must not be for personal use (or consumer purposes), or fall under the new NCCP.

THERE ARE MANY OTHER REASONS why people take out short term caveat loans. They could need access to funds in 24 hours to…

• Pay off an overlooked or overdue creditor or tax debt
• Fund a short fall on a business purchase or commercial property settlement
• Provide business cash flow due to an unexpected downturn
• An urgent advance on a pending refinance or property sale

We will lend for any worthwhile business or commercial investment purpose, as long as there is enough equity in the property (our max LVR is 75%), and as long as there is an Exit Strategy. (i.e.: sale of the property, refinance, or payment from a trade debtor, etc)

Q. WHY DON’T THE BANKS OR FINANCE COMPANIES FUND CAVEAT LOANS?

A. Basically it comes down to speed, and in many cases, lack of financial records. 

If the borrower can wait 2 months, the bank maybe able to refinance them. If the borrower can wait 2 weeks, AND THEY HAVE FINANCIALS SHOWING GOOD CASHFLOW AND PROFIT RESULTS, they may qualify for an overdraft or business loan. However if you need cash TOMORROW, they come to us.

Still not convinced??? 

Then ask yourself…. if I needed access to a large sum of money by tomorrow (leaving out rich uncles, etc), how would you get it?

WHAT SETS HOMESEC FAST BUSINESS FINANCE APART FROM OTHER COMPETITOR'S OPTIONS?

• SPEED. We are virtually the only short term caveat lender who CAN physically settle within 24 hours. Many say they can, but their business practices and lack of resources makes it impossible. 
• SERVICE. We issue letters of offer on approved loans within 2 working hours, and if approved, legal contracts are prepared within 5 working hours once the offer has been accepted by the borrower. We don’t require valuations, A&& statements, financial records, etc. Our staff keep the 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 fund

Don’t miss anymore biz opportunities. Get the money you need for your business fast! In just 24 hours!  

For a no obligation assessment of your situation - let us see how we can help.

Quick Overview: Secured Short Term Fast Business Loan

• $20,000 to $2,000,000
• Loan Term: 1 – 6 Months
• Loan Amount: $20,000 to $2,000,000
• Nothing to repay during the loan term​.
• Interest and fee’s capitalised for the entire term
• Real Estate security required.
• We don’t require valuations
• Bad Credit history is irrelevant
• Arrears and tax debts are no problem​ ​​
• No financials required, so perfect for new start-up businesses, builders, developers, or businesses with irregular or “lumpy” cashflow. 

Tax debts, mortgage arrears, and/or poor credit doesn’t scare us either; and best of all is we don’t do a valuation on the security property, which is why we can settle in just 24 hours!