Small Business Loan – Start-up Business
When you think about it small businesses are the back-bone of the Australian and New Zealand business landscape. As important as they are, unfortunately small
2nd Mortgages with BizLoansfast
If you are looking for a loan from between $20,000 and $5,000,000 and you own sufficient equity in real estate that you can secure a loan against, you may qualify for a 2nd mortgage loan from BizLoansfast.
A 2nd mortgage sits seamlessly in behind your existing first mortgage and because we can often approve one in under 24 hours, it means you can have funds at your disposal by the next day and not have to wait for months to refinance your current 1st mortgage.
Additionally, because it’s a loan for a business purpose, any costs, fees, or interest associated with the loan are fully tax deductible.
Ok so that’s some of the advantages, now let’s look at some of the features and benefits of this type of loan structure.
You pay only the monthly interest during the life of the loan.
This makes this type of loan a lot more effective and affordable for many businesses. It helps them to manage their cashflow; because generally, but not always, this type of loan has been taken out to pay for specific business expenses or a business growth project. It might be new equipment for a factory, or a computer hardware upgrade, or an office refurbishment? Whatever the purpose, you want the majority of the funds that have been borrowed to go towards the purpose they were borrowed for. You don’t want to have to be paying the principal of the loan, plus the interest off at the same time.
At the end of the loan, when the investment you’ve made has probably delivered greater cashflow, some or all of that cash growth can help out with paying off the principal. Other great things about BizLoansfast 2nd Mortgage loan structures are that:
You can extend the life of the loan.
Our baseline timeline is 12 months for a second mortgage loan, but if for any reason you need to extend past this, you can continue to service only the interest payments each month and defer paying the principal back until it’s in your strategic business interests to do so? And you can do all this without incurring and extra fees, or penalties. Our aim at BizLoansFast is always to be flexible to your changing business needs.
We don’t require tax returns or BAS statements regarding your business.
Because we are securing the loan against property you already loan. We don’t need to assess your business, or its ability to repay a loan out of existing cashflow. This means that we also don’t take up valuable hours of your time in preparing numerous often redundant documents, just to get a loan approved. Additionally, you won’t have your internal staff, or even worse, outsource and pay the finding and preparation of documents to an accountant. What’s the point of applying for a loan if it takes many hours and paid wages just to do it?
We can fund you in 24 hours
Many business owners often come to us at the eleventh hour when they are under pressure to achieve a funding result. We pride ourselves on having processes and staff resources that can get things done quickly and efficiently for you. From first contact, when you fill out our simple on-line application, or call us, we can often have a loan pre-approval done in 2 hours, and loan documents forwarded to you via email in 4 hours. Once signed we can have funds in your account and cleared (depending on the speed of your bank’s processes) ready for you to use.
BizLoansFast is a fully funded private company. Every dollar we lend is our own, so we don’t have to waste times satisfying other lenders approval processes and brokering your loan to third parties.
Because we know you are busy, and probably focused on the day to day running of your business, our whole loan process can be done online via your PC, tablet, or smartphone, from where ever you might find yourself. And at BizLoansFast we keep you, or your broker, in the loop with what’s happening at every juncture. Additionally, the service doesn’t stop once we approve your loan. Our expert and helpful staff can be contacted at any time regarding your loan.
The speed with which a loan will be approved, and funds deposited into your account. BizLoansFast can complete this process in 24 hours.
How much documentation will you have to provide and what will be the cost of sourcing it? Paying valuers to conduct costly valuations on your business and having your accountant generate and collate numerous financial statements, cash flow history reports, and asset and liability statements just to apply for a loan is costly and inefficient. All BizLoansFast needs is a rates notice, a recent mortgage statement, your ID, and our 60 second on-line application filled out and we get to work approving your loan.
With bank loans you can often be looking at lengthy approval and loan processing times. They make it clear from the outset you will be operating on their timeframes, not them reacting to your needs. They often request an onerous amount of documentation? They snail mail contracts back to you, taking 2-3 days? They send cheques or deposit funds via internet transfers that take time to clear? Banks were born centuries ago and some still operate like they’re still there!
With an online business loan from BizLoansFast approval letters on loans are issued in 2 hours via email! Once accepted we issue loan contracts in 4 hours! No property or business valuations, no tax returns, no financial records required from you. Once approved your funds are transferred to your account immediately! Our whole process takes 24 hours from start to finish, and our consultants keep you, informed at every moment of the process—we’re here for you—not the other way around!
At BizLoansFast we think we’ve made our loan application the simplest and easiest to complete in the industry. Because we only secure your business loan against real estate you already own and you don’t make any payments on the principal loan amount during the term of the loan, we don’t need multiple statements and records regarding your business. We understand that what you need to focus your time on is your business and not completing lengthy loan applications.
Literally all you need to get a BizLoansFast loan application underway is to either call us on 1300 852 150 or:
In business, speed and efficiency can be everything. Often business owners need to pivot, be nimble and act decisively. Sometimes this means having medium to large amounts of funding at your fingertips to take advantage of a commercial opportunity or avert a cash crisis.
Super-fast service understandably comes at a premium, and at BizLoansFast we recognize you are coming to us for a time effective solution, not just a rate. We have a variety of loan structures to suit your needs. Whether it be a short term business loan, (also known as a caveat or bridging loan) or a fast second mortgage loan. Our team will react to your application and can pre-approve funding in 2 hours, we can email loan contracts in 4 hours, and have funds in your account RTGS payment instantly. We’ve built our reputation on efficiency and speed of service and will find you a solution to meet your timeframe.
At BizLoansFast our upfront fees are low, and we are transparent in disclosing them. We are not here to waste your time promising you the world as some other lenders do, and then request high fees be transferred to their account before they fund your loan. You should be extremely wary of any lender requesting this, as the costs of processing a loan application just do not warrant it.
Any fees associated with your loan are clearly shown in simple language and you will know exactly what they will be.
BizLoansFast is a founding member of A.S.T.L.A the Australian Short Term Lenders Association and adhere strictly to fee disclosure charters we helped draw up. When borrowing money short term, we advise you only deal with an accredited member of A.S.T.L.A.
When you think about it small businesses are the back-bone of the Australian and New Zealand business landscape. As important as they are, unfortunately small
