Frequently Asked Questions

We pride ourselves on our speedy and thorough initial due diligence of the loan application.

We strive to review and provide a response to all applications within a couple of hours; however, this period may be longer depending on the complexity of the scenario (i.e., part complete construction sites, multiple property securities).

We have taken away the time delays typically found in this industry which allows us to assess and settle loans in 24 hours.

The two things that slow down a short-term loan deal that are outside the borrower's control are valuers and 1st mortgagees — so you need to know the lender's process for each.

Many lenders say they can fund in 24 hours but if their process is conditional on external valuations, this is virtually impossible.

Unlike most other short term lenders, we have an expert property team who complete all our valuations in-house prior to a formal offer being provided. This allows us to deliver term sheets that aren't contingent on an external valuation being completed.

We will require information about the loan purpose, your security property, the borrowing entity, and your exit strategy. Our team will guide you through everything needed to assess your application, through to approval and settlement with your solicitor.

If you have a scenario ready, contact us now and we can walk you through the process.

We can offer $250k to $10M, however it is dependent on the scenario and exit strategy.

We assess each deal on a case by case basis and on their individual merits. If you have a scenario you want us to consider, contact us now.

Short term loans are used by borrowers to meet funding needs where a mainstream lender can't assist. This could be due to inability to meet the funding deadline, limitations on loan purpose, or the current business status and trading activity.

Some of the most frequent uses of short-term finance include:

• •Cash flow difficulties and/or timing
• •Business growth and opportunities
• •Urgent settlements
• •Partly completed developments
• •Outstanding tax payments
• •Working Capital

Be careful with this one — some lenders will chase borrowers for significant costs even if the deal doesn't proceed. Read the indicative offer carefully as fees can be payable even if it is the lender who withdraws from the offer. This is often due to external valuations obtained not stacking up.

Where possible, insist on paying for the valuation fee only. Make sure to read the offer thoroughly and don't sign a term sheet until all conditions precedent to the loan are satisfied, or that such costs only become payable if you withdraw from the loan.

Unlike other lenders, our application fee is only $2,000 and is only payable upon execution of the letter of offer. Upon receipt, we are able to proceed with transfer of funds into our trust account, instruct our solicitors to prepare legal documents, conduct an on-site attendance, and any other tasks required to settle the next day.