Secured Business Line of Credit, Funded Fast

Yes. A secured business line of credit gives your business an approved limit that it can draw on, repay and draw on again within the term, so cash to cover a late payment is arranged before the bank's repayment falls due. The limit is secured by real property, within 70% of its value. Tell us the largest late payment the business has had and how long it took to arrive, because that helps set the limit, and send us the property details.

No. The line of credit limit is $2,000,000. For a larger amount, a one-off loan from $250,000, secured by a first or second mortgage over property, is the product to discuss. Tell us how often you need the money and when it comes back in, and we will set out which structure suits the import cycle.

Yes. That is what the line of credit is for. You draw to pay wages and suppliers, repay when the progress claim is paid, and draw again within the term. The facility is secured by a second mortgage over property, such as a director's home or the company's own property, never by the progress claims. Terms run from 6 to 18 months.

• →payroll loans

It has to be repaid at the end of the term. The line of credit is a short term facility, so the plan for clearing the drawn balance, such as a sale, a refinance or the business's own receipts, needs to be in place before March. Talk to us well before the end date if that plan is running late. Asking early gives you more options than asking in the final week.

About $780,000 before costs. 70% of $2.4 million is $1.68 million, and that is the combined limit for the bank's first mortgage and our second, so $1.68 million less the $900,000 owing leaves about $780,000. That sits within the $2,000,000 maximum for the line of credit. Our in-house valuation sets the final figure.

We need to learn your scenario further. Whether your bank has to agree depends on the terms of your home loan, so have your solicitor check them and tell us what they say on the first call. If the bank's consent is needed and it refuses, the line of credit cannot be registered behind it. A one-off loan that refinances the bank with a single first mortgage is then the alternative to discuss.

Yes. Paying BAS and other tax obligations while waiting on revenue is one of the uses the line of credit was built for. The business draws the funds and pays the ATO itself, then repays the line when customers pay. Check the timing with your accountant: the line of credit runs for 6 to 18 months, so it suits a set number of quarters rather than an open-ended arrangement.

• →a line of credit for tax debt

It can be, because you draw only what each stock order needs and repay as the Christmas trade comes in. A one-off loan suits a single amount on a single date, and a line of credit suits a need that repeats. The facility is secured by a second mortgage over property, not by the stock. The last date of the term should fall after the January cash comes in.

• →lines of credit for retail and hospitality

Yes. A line of credit secured by a second mortgage over your home, behind the existing bank mortgage, can run for 6 to 18 months. You draw as the business needs funds and repay the balance from the sale proceeds. Bring the listing details or the sale contract so we can set the term with room past the expected settlement date.

It is the closest of our products in structure, because the client can draw, repay and draw again. The difference is the term: 6 to 18 months, so the client needs a plan for after it, such as a new bank facility or a sale. Send the property details, the first mortgage balance, what the funds are for and that plan. We assess on the equity inside 70% and the exit.

It depends on whether the second $300,000 is certain. A line of credit lets you draw the $700,000 now and the rest only if you need it, while a second mortgage advances the full amount at settlement. Both are secured by a second mortgage over property inside a combined 70% of its value, so the equity has to support the full $1 million either way.

• →second mortgage or line of credit

A revolving line of credit allows you to draw funds up to your approved limit, repay them, and draw again during the term, similar to a credit card but secured against property.

The BLOC is secured by a second mortgage only, with a maximum loan-to-value ratio (LVR) of 70%. This means there must be sufficient equity in your property above any existing first mortgage to support the facility.

We offer fast assessment and settlement designed to meet critical deadlines. Once your application is assessed and documentation executed, funds can typically be made available within 24–48 hours.

Yes. This offer is open to a select group of brokers and borrowers dealing with urgent financial obstacles. If you are a broker with a client requiring flexible short-term funding, contact us to discuss their scenario.

The maximum draw limit is $2,000,000, subject to the property security and LVR requirements.

Yes. The facility is secured by a second mortgage over property, so the equity above your first mortgage is what sets the limit, not your score. The maximum draw is $2,000,000 and the combined LVR ceiling is 70%. Listed defaults, arrears and ATO debt are all things we see on approved files. Your existing first mortgage lender does need to consent to the second.

A one-off loan usually suits a single deadline, such as a settlement or an ATO notice, and a line of credit suits gaps that repeat. Our list shows which loan we use for each situation.

• →urgent finance