Business finance

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Business finance

Business finance is a broad area encompassing a wide variety of lending bodies and loan structures. For the purposes of this article, we are going to narrow it down to what’s known as unsecured and secured loans. Then look chiefly at the options one of Australia and New Zealand’s most trusted, fastest, no fuss lenders BizLoansFast, has to offer.

To touch briefly on unsecured loans. They are offered mainly by banks and traditional lenders. Basically, because the loan is not being secured against a definite asset, these entities need to make sure, as much as possible, that the loan can be paid back. And the more money they are lending, the more onerous and time consuming the process of getting it approved can become for the business owner. Unfortunately, loans are often sought when a business is in distress which means this lengthy process takes place when the business owner really needs to be focusing on the running of the business, not on being a loan broker.

For unsecured loans many lending agencies might request: Detailed financial reports for the business, cash flow history and projections, records of outstanding invoices, lists of assets, balance sheets, tax records, business valuations plus conduct credit checks. Providing all this documentation not only takes hours of work but can also be expensive, as you engage accountants and valuers etc.

And by no means does doing any of this work, and paying other people to do work to provide these documents, mean you will get an unsecured loan! Often all you’re doing is starting a lengthy and expensive application process. Hey wait a minute, wasn’t the whole purpose of the exercise to get funds, not be spending more of your valuable cash flow just trying to get approved? On top all of this—and this is something not many people realise—every credit check that is done on you can adversely affect your ability to secure future financing.

Ok so that’s the others. Now let’s talk about how we do things at BizLoansFast, because with our approach we avoid all the headaches, and over the last 17 years we’ve had thousands of happy, stress free clients, that we’ve provided loans to.

Firstly, with all the loan structures we offer, the only thing we secure the loan against is real estate that you own. Because we only offer secured loans we simply do not require the reams and reams of paperwork and financial reports, and the time spent collecting and collating them, that other lenders ask for.

You may be surprised by this, but from BizLoansFast you can borrow from between $20,000 to $5,000,000 and all you have to do is to call us on 1300 852 150, complete our 60 second on-line application, send us a recent rates notice and mortgage statement for the property or properties you wish to nominate as security, and provide us with your identification. We know this sounds simple, but literally that’s it! We’ve had people apply for loans from their phone, whilst walking along the street or sitting in their car, we’ve been able to approve their loan in less than 24 hours and have the amount of cash they needed in their bank account.

At BizLoansFast we effectively offer two kinds of secured loans.

Short term business loans which are sometimes referred to as bridging loans or caveat loans, and Interest only second mortgage loans. Both are good if you need funds fast—we’re talking 24 hours, and with both you can borrow from between $20,000 to $5,000,000. With our short-term business loans you don’t make any repayments at all during the course of the loan, the loan period can be structured from 1-6 months, we require no cashflow or financial records from your business to process the approval, and you can repay the loan early without penalty if you wish.

With our interest only second mortgage loans, the loan term is 12 months or longer, (can be tailored to your timeframe, with no additional fees or penalties), You pay only the interest on the loan each month, and once again supporting documents are kept to a minimum as we require no tax returns or BAS statements.

To experience how fast and easy taking out a secured business loan with BizLoansFast can be, just give us a call today on 1300 852 150. We think you’ll be pleasantly surprised by what we have to offer.

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 1st or 2nd 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

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:

 

  • 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.

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.

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