Can I get a Lo Doc line of credit?
No. We don’t offer lines of credit. Line of Credit loans tend to be a noose around the neck of small businesses as they are debts that never seem to be repaid. Our Low Doc Business loans are loans that are here to help you today; and are gone in a short space of time. […]
Can a self-employed individual get a Lo Doc Business Loan?
Yes absolutely. Even if you aren’t a PTY LTD Company, as long as you have an ABN (Australian Business Number) and the loan is for a business purpose and there is enough equity in real estate security, we will fund you in 24 hours.
Is my credit history important when applying for a Lo Doc Business Loan?
Usually the answer is yes, however we are very different. With us, a poor credit history or poor credit score is not generally never an issue. We are a true asset lender, so we don’t look at the past. We look at the future.
Is it possible to buy a home or investment property using a Lo Doc Business Loan?
YES it is possible, however the asset has to be purchased in a company name,
How fast can I get a short term caveat loan?
– When you come to www.ShortTermCaveatLoans.com.au as our name suggests, WE ARE THE CAVEAT LOAN EXPERTS and we are also the fastest in the industry. – Complete the application form which takes only a couple of minutes to complete and you will receive a decision on your caveat loan application within minutes. – After your […]
How do I work out how much I can borrow on a caveat loan?
We will lend you up to 75% of the value of your security property. So if your property is worth $1 million, and you owe $550,000 to the ANZ Bank. Because of this we can lend you 75% of the $1m, less the amount owed to the ANZ Bank. So $1m x75% = $750k – […]
What are the accepted property types to be eligible for a caveat loan?
We secure our caveat loans against all kinds of properties ranging from residential, commercial, industrial, land, acreage, etc. Plus, we will lend against properties almost anywhere in Australia.
Do Caveat Loans settle faster than Second Mortgage Loans?
Caveat loans and second mortgage loans are very similar, however caveat loans are generally for a shorter term than a second mortgage. That’s about the only real difference with our caveat loans and 2nd mortgages. Unlike most other lenders, our caveat loans can be funded in 24 hours, just the same as our 2nd mortgages.
Would I still qualify for s short term business loan, even if I have a poor credit score?
YES – We understand that things can go wrong and that can affect your credit score. We are here to help those business owners, which is why credit scores are irrelevant to us.
What are the advantages of a short term business loan?
If you needed a large sum of money for your business BY TOMORROW, what would you do? Your bank can’t help, and most finance companies can’t quickly fund large amounts of money. So a short term business loan is the ONLY answer.