Short Term Finance is suitable for a range of short term solutions from 1 month to 24 months with an average loan term of 6 months. Extensions maybe available if circumstances require it. Short term finance/loan is suitable for business clients that have an opportunity to act but need to do so quickly and on a low documentation basis with a view to flipping or refinancing in the short-term (2 years or less).
Short Term Finance Borrowing Prerequisites
- Guarantor or borrower with a credit rating of 550 or above with no defaults over $1000AUD
- Acceptable real property as security
- Applicant ABN/ACN with minimum 6 months registration
- Loan purpose must be business purposes
- Accepted property locations must be metro and selected non-metro areas
Possible Short Term Finance Uses
- Unlock equity with fast, simple finance and dedicated support to secure your next property.
- Construction financing
- Renovations and incomplete projects
- Land banking and residual stock solutions
- New builds and owner builder solutions
- Investment and business ventures
- Share purchases and expansion
- Business cash flow and debt consolidation
- Support for companies and individual borrowers
- Buying and selling
- Urgent settlement
- Cash out / equity release options
- Tailored to upsizing and downsizing
- Personal loans for various needs
- Building Loans
- Business Loans
Short Term Finance Costs
- Competitive interest rate
- Application fee
- Establishment fee
- Legal fees
- Line fee
- Valuation fee
Reach out to our specialised commercial loan broker to help you finance your next deal.