2nd Mortgages for Business

Mark Hutchins

Mark Hutchins

Director - Secured Lending

2nd Mortgages for Business: Understanding the Benefits

2nd mortgages for Businesses is a loan that is taken out using the same property as collateral, after the first mortgage has already been established. In this blog, we’ll discuss the benefits and risks of using a second mortgage for business purposes and help you determine if this is a viable option for your company.

Benefits of a 2nd Mortgage for Business:

  1. Access to Additional Funds: A second mortgage provides access to additional funds that can be used to finance business growth or cover unexpected expenses.

  2. Flexibility: Unlike a traditional business loan, a second mortgage can be used for a variety of purposes, including debt consolidation, inventory purchases, and real estate investments.

  3. Lower Interest Rates: Second mortgages typically have lower interest rates than unsecured business loans, making them an attractive option for businesses looking to borrow funds.

  4. Tax Benefits: Interest paid on a second mortgage is tax-deductible, providing additional tax benefits for your business

A 2nd Mortgage for Business can be a valuable financing option if you are in need of additional funds, but it’s important to weigh the benefits against the risks. Before taking out a second mortgage, consider your business’s financial situation and future goals, and consult with a financial advisor to determine if this is the right option for your company.

In conclusion, a second mortgage can provide additional funding for your business, but it’s important to undestand the potential risks and benefits before making a decision. Consider speaking with a financial advisor to determine if a second mortgage is the right choice for your business needs.

If your business is need of working capital, check out our products, or alternatively, contact Secured Lending at 1300 795 175 or email info@securedlending.com.au

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Secured Lending

FAST FUNDING SOLUTIONS

Secured Lending focuses on non-conforming, short term funding solutions with incredibly quick turnaround times. So why Secured Lending?
  • We have our own internal property valuation team.
  • We can settle caveats, 1st and 2nd mortgage loans within 24 hours up to $45m.
  • We pride ourselves on being transparent and honest in our approach, always aiming to have an initial assessment back to you in a few hour

Our rates start at 9.95% p.a. with loan terms from 1 – 24 months.

 If you have a scenario to discuss, please call us on 1300 795 175.
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