At a glance
| Loan amount | $20,000 to $5,000,000 |
|---|---|
| Security options | Caveat, second mortgage or first mortgage |
| Documents | ID, property details, loan purpose and exit plan |
| Valuation | Often a desktop valuation, so no delay for an inspection |
| Funding | As little as 24 hours |
How property-secured business loans work
If you own property, you're sitting on the fastest and most flexible business finance available. The equity does the heavy lifting, so the questions that stall bank applications, such as last year's loss, an ATO debt or a default from 2019, matter far less.
We can secure the loan with a first mortgage, a second mortgage behind your existing lender, or a caveat. We'll recommend whichever is fastest and cheapest for your situation.
Who it suits
- Owners of residential, commercial, industrial or rural property
- Businesses without current financials or tax returns lodged
- Anyone with credit issues, ATO debt or a bank decline
- Amounts from $20,000 up to $5 million
How it works
- Check eligibility60 seconds online, with no credit score impact.
- Talk to a specialistWe confirm the amount, property and exit plan the same day.
- Get a written offerEvery cost set out clearly, often with just a desktop valuation.
- Sign and settleE-sign, we lodge the security, and funds land in as little as 24 hours.
What you'll need
- Photo ID for each borrower and guarantor
- Property address and who owns it
- What's owing on the property (if anything)
- The loan purpose and your exit plan
Not needed: No tax returns, financial statements, BAS or accountant letters.
Consolidating five debts into one
An Adelaide retailer had two online loans, a merchant advance, an equipment lease and an ATO payment plan, with $31,000 a month going out. We consolidated $640,000 into one second-mortgage loan against the owner's investment property. Monthly outgoings dropped by more than half.
Frequently asked questions
How much can I borrow against my property?
It depends on the property's value, what's already owing on it, and the location and type of property. Our equity calculator gives a quick indication, and a specialist can confirm the figure on the same call.
Do I need to show income or financials?
No. That's the main advantage. We need to understand the loan purpose and how you'll repay at the end of the term, but we don't assess tax returns, BAS or profit-and-loss statements.
Can I use my home as security for a business loan?
Yes. Many clients use equity in their home. Because it's a business-purpose loan, it's assessed differently from a home loan and can be arranged much faster.
Does it cost anything to apply?
No. There's no cost to apply or check your eligibility. All costs are set out in writing in your loan offer before you sign anything.
Will checking my eligibility affect my credit score?
No. Our 60-second eligibility check doesn't make a credit enquiry. A credit check is only done later, with your consent, if you decide to proceed.
