Business loans for builders — against your property, not the project

A business loan for a builder from HomeSec is secured by the builder's own property — the director's home, an investment property, the yard — and assessed on that equity and the exit, not on the project. It is not construction finance. It funds the gap between a certified claim, a held retention or a disputed variation and the day the money arrives: $20,000 to $5,000,000, with no repayments for up to 6 months, in as little as 24 hours.

We lend against your property, not your project

This is the distinction that matters, and the one to get right before the first call. Construction finance assesses the development — feasibility, cost to complete, presales, a quantity surveyor's report — and draws down against stages. We do none of that. We assess the director's property, the equity in it, and how the loan gets repaid. That is why we can fund in days where a construction lender takes weeks, and it is also why we are the wrong lender if what you need is funding for the build itself.

Construction is where timing risk concentrates. You are paid in arrears on someone else's certification schedule, and your suppliers, your subcontractors and your staff are not. Every file we write for a builder is, one way or another, that gap.

The six files we write for builders

A progress claim certified but not paid

The superintendent has certified it; the principal is slow. Wages are Thursday. Funded against your property, repaid when the claim is paid — and the claim is an exit we can see.

Retention held past practical completion

The contract entitles you to it; the principal is sitting on it. The retention is a dated receivable, and the loan bridges to it.

A variation in dispute

The work is done and the argument is about the price. The money is coming; the timing is not yours. We fund the gap while it is resolved.

The ATO, between claims

PAYG and super fall due on the ATO's calendar, not the certifier's. A loan paid direct to the ATO, secured by your property, with no repayments until the next claim lands.

Materials for the next job before this one pays

The next contract starts Monday and the supplier wants a deposit; this contract pays in thirty days. The gap is the file.

A supplier or subcontractor about to walk

Credit holds stop a site. One loan clears the accounts that reopen supply, in the order that gets the site moving.

What we do not fund, and who does

A lender that sells you the wrong product is not one you should return to. If your file is one of these, we will say so on the call and point you to the right kind of lender.

Why the open term matters in construction more than anywhere

Nothing in construction runs to schedule. A lender that fixed your term at three months has a default on its hands when a claim is certified a fortnight late, and you have penalty interest and an extension fee on yours. We do not fix the term. Open — you choose. Tell us it has moved and we move with it, at no cost — no extension fee, no re-documentation, usually one phone call.

What we do not need

Every application is read by a Lending Manager and every credit decision is signed off by a person. We do not use artificial intelligence to assess, approve, decline or price a loan.

From the call to the money

Bring the claim, the retention clause or the contract for the next job to the first call. It is the exit, and it is what lets a Lending Manager answer on the call.

What it costs

Priced per file. No rate published, because a rate with "from" in front of it is the best file's number. How it is priced, and every fee that exists.

Reviewed by Matt Hempel, National Credit Manager