Collateral Loans

A collateral based loan is quite simply a loan secured against an item that you own. At BizLoansFast we’ve found that the easiest and fastest way we can provide a business loan to you is to secure the loan against property you own, because it’s value, and thus the amount you can borrow against it, can usually be established quickly with a minimum of fuss.

There are a few different loan options that we offer at BizLoansFast. In this article let’s look at the first option which is our—Short Term Business Loans. You may sometimes have heard these referred to as Caveat Loans or Business Bridging Loans. Whatever the terminology, as with any financial product, the key aspects to understand as a customer are: what purpose is the loan intended to cover? What are the criteria you must satisfy to be approved and what are the conditions of the loan?

Purposes of a BizLoansFast Short Term Business Loan

Your business may owe outstanding debt that is being called in. Although you know you will have cashflow and invoices paid to you soon, these funds haven’t come in yet. Now your business under pressure to pay wages, rent, stock, basically the debt it owes, sometimes to the extent that your business is in danger of foreclosure.

Conversely it might be that you need a cash injection to for instance refurbish, or expand your premises, secure a new site, or employ more staff, or any other of a number of reasons. Our purpose is not to heavily investigate why you need funds, as long as we can establish its for business purposes. Our purpose is to work with you to ideally get you those funds.

We lend for any worthwhile business purpose

We are a business lender. So as long as your loan is going to fund a business need, or commercial investment, and you meet our guidelines of having an exit strategy for the loan like, a sale of property, refinancing option, or payment from a trade debtor, we can lend to you.

What’s the big difference between a loan from BizLoansFast and most other lenders?

Well it’s not really that there’s one difference—there’s quite a few, and they start with the speed of our service. We understand that in business you have to act decisively and often ‘in the moment’ to either avert a negative situation, or take advantage of a great opportunity. Speed of approval is of the essence. That’s why we don’t require valuations on your business, financials from your accountant or pay attention to a less than perfect credit history. Cutting out the often unnecessary and redundant fluff around loans is what enables us to often get you approved in less than 24 hours, rather than the 7-14 days other lenders take.

Ok sounds good, what would I have to supply to enter into the approval process?

That’s easy, at BizLoansFast we have a simple four step approval process. We need you to fill out our super easy 60 second application form. Then because you’ll be securing the loan against property you own; we do need a recent copy of a mortgage statement. Then we just need a rates notification for the property or properties you are providing as collateral and some ID for yourself and any other borrowers. That’s literally it!

All the loan goes to funding your business needs

With a BizLoansFast Short Term Business Loan, you don’t have to make any repayments during the term of the loan. We’ve designed it that way so that the maximum amount of loan funds can be put towards what you intended it for—funding your business needs.

The funds come directly from us

At BizLoansFast we are not middle men for any other lenders or unit trusts. Every dollar you are borrowing from us is coming directly from us. That has enabled us to speed up our delivery of funds to you exponentially, because we are never waiting on approval from any other entities.

If a short term business loan seems like it fits your needs, please call one of our understanding and helpful consultants today on 1300 852 150

Regards

The BizLoansFast Team.

Same Day Fast Approval!

As long as your loan is for a recognised business purpose or commercial investment, you have sufficient equity in real estate you can nominate as security, and you have an exit strategy to finalise the loan—either selling an asset, refinancing, or a major cash event in your business, BizLoansFast can approve your loan.
To get started now, fill out our 60 second online application, send us a recent mortgage statement, and rates notice, and your ID—or simply call us on 1300 852 150.

Loans up to $5,000,000

BizLoansFast are designed to meet the needs of a wide variety of business growth opportunities, emergencies and fund any amount from $20,000 to $5,000,000.
Whether it’s a short-term business loan (also known as a caveat or business bridging loan) or a 1^st or 2^nd mortgage we have you covered.
If you’ve been knocked back by traditional lenders, for any number of reasons, contact BizLoansFast and experience a market leading, fresh, innovative approach to funding your business needs.

Frequently Asked Questions

What do you need to consider when looking for a business 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.

Traditional bank Loans vs Online business loans

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!

Simplifying the business loan application process

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:

Fill out our 60 second on-line application
Send us a rates notice
Send us a recent mortgage statement for the property you are nominating as security for the loan
Send us the ID of anyone applying for the loan.

Fast business options to meet quick business needs

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.

Hide and seek with hidden fees

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.

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