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$300K Second Mortgage for Dental Practice Working Capital in 5 Days

22 July 2026

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Loan Amount: $300,000
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Enquiry to Settlement: 5 business days
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Location: Plenty, VIC
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Use of Funds: Working capital and repayment of existing business debts
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Loan Product Type: Second Mortgage

The Scenario

The owner of a successful dental practice required immediate access to working capital to strengthen business cashflow and consolidate several existing business-related debts.

The borrower intended to refinance the facility with a major bank within 12 months. In the meantime, traditional lenders were unable to provide funding within the required timeframe because of their approval processes, and the practice needed the capital now.

With strong equity in the security property and the ability to comfortably service the loan on a monthly basis, the borrower required a fast and pragmatic lending solution rather than a drawn out bank assessment.

Secured Lending completed an expedited assessment of the security property and structured a second mortgage facility that gave the borrower immediate access to funds. That allowed the practice to keep operating and consolidate its debts while implementing its longer term refinance strategy.

The Outcome

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Indicative terms issued within 1 hour of enquiry
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Letter of Offer provided within 3 hours
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Loan documents issued within 4 hours
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Expedited due diligence completed
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Loan settled within 5 business days
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Borrower secured immediate access to working capital
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Exit strategy established via refinance with a major bank within 12 months

Why This Scenario Required a Private Lender

A profitable practice with real equity and clear serviceability is exactly the kind of borrower a bank will eventually fund, but eventually was the problem. The debts needed consolidating and the cashflow needed support on a timeline the bank process could not meet.

A second mortgage let the practice access equity without disturbing the existing first mortgage, so there were no break costs and no refinance of the primary facility. The borrower kept the bank exit on the table for later and solved the immediate need in days.

Secured Lending assesses the security property and the exit rather than a checklist, and lends its own funds, which is how a second mortgage settles in five business days. If your business needs working capital quickly while a longer term refinance is being arranged, contact our team to discuss your scenario.