Short Term Business Loans
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Short Term Business Loans

THE BEST (TOP 5) TYPES OF SHORT TERM BUSINESS LOANS

Short Term Business Loans are loans used for business purposes that are generally for up to terms of 12 months. There are many private lenders offering these types of business loans. The Top 5 Types of Short Term Business Loans include Unsecured Business Loans, Caveat Loans, Second Mortgages, Business Overdrafts/Credit Cards and Invoice Financing.

We know that access to capital for operating cash flow or expansion can be the determining factor in the success of your business so we will work hard to find the right funding solution for your business.

HOW QUICKLY CAN I RECEIVE FUNDING ?

Funding can be as quick as 3 -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 ?

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 .

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 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.

WHAT IS THE MAXIMUM LVR AND LOAN TERM AVAILABLE ?

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.

WHAT ARE SHORT TERM BUSINESS LOANS TYPICALLY USED FOR ?

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