What are Business Finance Options?
Most business loans in Australia use either unsecured or secured business loans. A secured business loan is where a type of security instrument is lodged either on the title of a property or other asset to allow the provision of funds for business use. Various types of secured and unsecured business loans are noted below:
Caveat loans are usually combined with a second mortgage to allow the speed of a settlement to be brought down from many weeks to a few days. Caveats are a type of notification lodged on the title of a property to indicate there is an equitable financial interest in the property. Caveats show a financial interest, however, cannot be used to force the sale of the asset.
Yes, we offer advice and can facilitate the establishment of caveat loans for our clients.
Read more about Caveat Loan Solutions here.
Vehicle Caveat Loans & Asset Finance
There are a number of vehicle business finance options under this category. As such the loans available are:
- Vehicle caveat loans are where a vehicle is used to secure a short term business loan.
- Asset finance is where funds are provided to either purchase a vehicle or asset for business or personal purpose. However, in some instances, the lender may hold an option to lodge a caveat against a property.
- Leaseback options where a vehicle or asset is owned by a person or business which is in turn used for loan security. The asset is essentially purchased by the finance company, then leased back to the original owner for full use. The funds for the purchase can be used to pay debt such as tax debt, or used for working capital.
Yes, we offer advice and can facilitate the establishment of asset finance.
Finance secured by a second mortgage that sits behind your existing first mortgage. Second mortgages often provide a more flexible lending approach to the use of funds, and the income assessment policies than that of traditional lending practices.
Yes, we offer advice and can facilitate the establishment of second mortgages.
Visit our comprehensive Second Mortgages page here.
Unsecured Business Finance
There are various forms of unsecured business finance. As such, the finance doesn't use a registered mortgage or caveat against residential or commercial real estate. However, there may potentially be other forms of security such as:
- Unregistered mortgage
Unregistered security allows for the approval to lodge a second mortgage or caveat if you default on your loan agreement. Whereas PPSR security lodges an interest aginst the PPSR record of your business. As such the PPSR registration allows the lender to secure the loan with an interest in your outstanding invoices, and other company assets. However, this would only be exercised under loan default. Keep in mind, a PPSR Security is used with most major lenders for any business loans offered.
Yes, we offer advice and can facilitate the establishment of unsecured business finance including cash flow loans and invoice finance facilities.
First Mortgages For Business
Finance secured by a first mortgage against the title of a property. Lenders offering finance secured by the first mortgage have a priority interest in the recovery of funds in the event of a default. This gives the lender confidence in the provision of funds. With confidence in funding the lenders usually will provide higher loan ratio and longer loans terms to meet a business or personal use. Traditional and also non-traditional lending practices can be applied depending on whether the use of funds is for business or personal use.
Yes, we offer advice and can facilitate the establishment of first mortgages.
Low Doc Loans
Residential, Commercial, or No Security Required
How We May Be Better than a Traditional Broker or Bank
Where other brokers may be bound by traditional lending policies, we think outside the square to legally get you the loan you need to get you back on track. Consequently, we offer finance including business caveat loans and long term finance options to suit you.
If you are stressed out with debt, let's start a discussion about your tailored solution.
Contact us today for a Free Debt Assessment Consultation on 1300 796 850 or submit an enquiry below.