If you have sufficient equity in real estate and a business purpose then you are almost certain to be approved.
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.
Loan amounts range from $20,000 to $500,000 and are determined by the available equity in your real estate asset.
A caveat loan can be funded in as little as 24 hours.
Yes, credit history is not relevant to our funding, however in some cases we may require any court judgments to be repaid from the loan proceeds.
Along with completing our online application, you will need to provide ID, rates notice and a current mortgage statement.
Any business owner with a registered NZBN can apply for a business loan, provided the funds are being used for a business purpose and you have sufficient equity in real estate.
If there is sufficient equity in the real estate asset being offered as security, no additional security will be required. A PPSR charge will be registered along with the security.