FAQ’s

A Short Term Business Loan can be a Caveat Loan / First or Second Mortgage or an Unsecured Business Loan.

Caveat Loans or First Mortgage loans are fast settling short term loans which are generally for a period of between 6 to 12 Months. They are asset based loans and are secured against real estate (usually a house, commercial property or residential or industrial land) Caveat Loans are available to clients who wish to retain their existing 1st mortgage but require a short term line of funding beyond their current credit provider’s capacity.

A Second Mortgage is a loan secured against a property that already has a First Mortgage attached to it. You will still have your original lender on the title of your property and the second mortgage ranks after this.

An Unsecured Business Loan requires no collateral and utilises a financial product that lends against the cash flow of your business. Loan approvals to small businesses are based on business fundamentals like cash flow, not based on the value of business assets.

Funding can be as quick as 5 business days but is dependent on how quickly all supporting documentation and information is provided when requested.

Caveat Loans or First/ Second Mortgages are simply asset lend type of loans and are secured against real estate (usually residential or commercial property or land)

Unsecured Business Loans require No Collateral or Security and your application is assessed on your revenue and the cash flow of the business

We understand time can be a significant constraint for small business owners, therefore we have made our application process as simple as possible.

First step will be completing our Express Enquiry Form, we will then check your eligibility and provide you with an Indicative Quote. Once your Eligibility is Confirmed we will Send You the Letter of Offer. Once this is signed and returned the funds can be deposited into your business bank account.

• Loan Amounts for Caveat Loans or Second Mortgages start at $5,000.
• First Mortgage loan amounts start at $50,000
• Loan amounts for Unsecured Business Loans start at $5000 and can go up to $500,000.

For our Caveat Loan or Second Mortgage products the Maximum Lvr is Usually 70 – 75% but on a case to case basis we will consider 80% Lvr. The loan term is usually 2 -12 months.

For First Mortgages the Maximum Lvr is 65%. The loan term is usually 2 -12 months.

• Business Expansion
• Fund Business Growth
• Business Cash Flow Crisis
• Purchase Stock and Equipment
• General Working Capital