Caveat Loans / Short Term Business Loans (Super fast 1 – 6 month Loans)
Its like Bridging Finance For Business
Caveat Loans (or short term 2nd Mortgages) can genuinely settle within 24 Hours of application, as we do not require sworn valuations (for loans under $1,000,000).
Caveat Loans are generally taken out by business people or commercial investors who need access to larger amounts of money very quickly (over a short time of generally no longer than 6 months). Money is lent for any worthwhile business 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!
Let’s talk
Does your business need urgent funding by tomorrow?
EASY! All you need is equity in a piece of real estate anywhere in Australia,
and we can advance the money to you within
24 hours of receiving your application.
Once you spend 60 seconds applying online, literally all
we then need from you is…
1. A rates notice for the security property
2. A recent mortgage statement for the security property
3. A copy of photo ID for each person on title.
We don’t do valuations or require financials, and we don’t care
about loan arrears or bad credit history.
With a Short Term Caveat Loan, you get…
INSTANT APPROVAL & FORMAL LETTER OF OFFER WITHIN 2 HOURS !
SETTLEMENT IN 24 hours!
No Hidden Costs!
Borrow between $20,000 and $1,000,000
Perfect for a new startup business –
Perfect for businesses with poor cashflow and Bad Credit History and Arrears are ok
Interest, Establishment Fee & legal costs are all Capitalised into the loan, so you don’t have to pay them upfront or during the term of the loan. Common scenarios are…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. The borrower is refinancing, and needs some money right now to pay off some other business debts, or to buy heavily discounted stock if they can access cash fast!
What is required from you…
You must have equity in a piece of real estate. With our loan added to other mortgages and caveats 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)
Caveat Loans must be for Business Purposes.
Best of all, with short term Bridging Loans 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. As we ARE the lender, so you get INSTANT ANSWERS, super fast service, and save money!
Business Loan Hotline 02 7208 8220