Short Term Business Loans
1300 100 500
FAQ's

What is a Short Term Business Loan ?

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

Caveat Loans are fast settling short term loans which are generally for a period of between 6 to 12 Months. Caveat loans are simply asset lend type of loans and are secured against real estate (usually a house, commercial property or residential or industrial land) This facility is 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.

How Quickly can I receive Funding ?

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

Do I have to Provide Security for the Loan ?

Short Term Caveat Loans or 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 .

What is the Application Process?

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.

What is the Typical Loan Size ?

Loan amounts vary but can start at $10,000 up to $5,000,000.

What is the Maximum LVR and Loan Term Available ?

For our Caveat Loan or Second Mortgage products the Maximum Lvr is Usually 75% but on a case to case basis we will consider 80% Lvr. The loan term is usually 6-12 months.

Unsecured Business Loans require No Collateral or Security and are based on the cash flow of the business.

What are the Typical Uses for Short Term Business Loans ?

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