Why SME’s Love HomeSec Short Term Business Loans
Does your business need urgent access to funds?
Short Term Business Loans are a lifesaver for small business. It may be to pay an urgent debt in order to stop foreclosure, or it may be to seize the day and take advantage of a major opportunity. Let me ask you – what would you do if you needed a large sum of money for a business purpose BY TOMORROW? Well, now you know the answer because you are on the HomeSec website.
Our Short Term Business Loans can save the day
We have been funding these types of loans since 2004, and they have been a lifesaver for businesses in Australia and New Zealand. When it’s critical to be able to access large sums of money in less than 24 hours, there is only one type of loan that can deliver that, and that’s a Short Term Business Loan from HomeSec.
Other names for Short Term Business Loans
They are sometimes referred to as Caveat Loans or a Commercial Bridging Loan. These loans are for a short term of 1 to 6 months. They are like Bridging Finance for business. You simply apply today, and we can fund you by tomorrow, and there are no repayments during the term of the loan. If you need funds for a longer period of time, see our 2nd mortgages.
HomeSec v Other Private Business Lenders
For our Short Term Business Loans, we don’t require valuations or financials, and a bad credit history isn’t an issue. Other private business lenders settle in 7-14 days, our business loans settle in 24 hours. Plus with HomeSec, you get total flexibility. This means you can repay your loan early, or extend the loan term if you need to. Not only are you not locked in, there are also no fees or penalties.
What is Required?
To get a Short Term Business Loan with HomeSec, we require the following:
Complete our 60 second
application form
A recent mortgage
statement
A rates notice for the
security property/properties
Identification for each
borrower
And that’s it!
Who needs a Short Term Business Loan
Some of the industries we have worked with are:
Aviation
Dental/Medical
Hospitality
Automotive
Property
Building/Trade
Development
Law
Scientific Research
Here are some situations where our Short Term Business Loans have helped
If you have sufficient equity in real estate, you are almost certain to be APPROVED and funded within 24 hours.
Frequently Asked Questions
Our loan terms range from 1 month to 12 months, however extensions are available.
You need to have a registered ABN or ACN and sufficient equity in real estate assets.
Yes, We require equity in a real estate asset, this can be a residential property, commercial property or vacant land.
If there is sufficient equity available an increase of the loan could be considered.
Normally short term business loans are repaid from sale of an asset, refinance or business income.