Private Working Capital Loans, Funded in 24 Hours

Yes, where the total fits inside 70% of the value of the property securing the loan. One loan from us repays the overdraft at settlement, and the rest is paid to your business for wages, suppliers and other running costs. Send us the bank's letter with a written payout figure, the property details and the working capital you need for the next three to six months. Tell us how the loan will be repaid, for example a bank refinance once trading has improved, or a property sale.

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Yes. The loan is secured by a mortgage over property, a director's home or an investment property, never over the container or the stock. The loan funds are paid to your business, which pays the supplier. The exit is your customers paying for that stock, so bring the purchase orders or the sales history that shows when the money will come in. A term of three to six months is typical for this kind of loan.

Yes. The loan is to your business and secured by a mortgage over your home, a residential property, not over the contract. If your home is worth $1.4 million with $300,000 owing, 70% of the value is $980,000, which leaves about $680,000 of room before costs. Send us the signed contract and its payment terms. A contract you have already won, with dated payments, is the kind of exit we look for.

Yes. Funding the months before a peak season is one of the most common reasons for a working capital loan, and a four month term sits inside our 1 to 24 month range. The exit is the season's trading, so bring last year's revenue by month. Accounts that look weak in the quiet months are expected for a seasonal business and do not count against you on their own.

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It can, and the arithmetic is simple to check. The discount is worth $40,000. At a rate of 9.7% p.a., interest on $800,000 for two months is about $12,900, before the other costs of the loan. Ask your accountant to compare the full cost of the loan against the $40,000, and confirm the supplier's discount terms in writing before you borrow.

It can, where the loan is repaid by something other than that customer. We need an exit with a date on it, such as the sale of a property, a bank refinance or other contracted income, because the administrator's timetable is not one we can rely on. We need to learn your scenario further. Call us with the property you can offer and your other income, and lodge your claim with the administrator in the meantime.

Yes. We assess the equity in the property and the exit, not the ratios a bank tests at review, so growth that has outrun the overdraft is a common reason for a working capital loan. A bank refinance once the new financial statements are lodged is a sensible exit. Set the term a few months past the date your accountant expects them to be finished.

No, the retentions cannot be the security, but the business can still borrow. The loan is secured by a mortgage over property, such as the company's yard or office property or a director's home, and the released retentions can be the exit. Bring the contracts that show each release date. A 12 month term sits inside our 1 to 24 month range.

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Yes. We lend our own funds and value property in house, and we can settle within 24 hours on a qualifying file once terms are agreed. Seven days is workable if you call as soon as you have the liquidator's terms. The loan is secured by a mortgage over property, not over the stock you are buying. The exit is selling that stock, so bring your sales plan and the margins you expect.

Less than a bank asks for. On an asset-backed loan, an accountant's declaration or six months of business bank statements covers most files, together with the title details of the security property and identification for the directors. The most useful thing you can add is the client's debtor list with expected payment dates, because that shows how the loan is repaid.

Not on that property alone. 70% of $500,000 is $350,000, and after the $100,000 owing that leaves $250,000 before costs, which is short of the $300,000 you need. Adding a second property as security is the usual answer. A director's home or another investment property can be added, and the combined value then sets how much the business can borrow.

No, and it describes most working capital files we fund. Profit and liquidity are different things, and a business can be comfortably profitable while the cash sits in debtors, in stock, or in a progress claim that has not been certified. We look at the equity available and at what closes the gap, not at this month's bank balance. A Thursday deadline reached on a Monday is achievable.

Yes, and it is the most common question we get on working capital. The security does not have to be the property the business trades from. A director's home or an investment property works, held personally, in a company or in a trust. Retail, wholesale and professional services businesses almost always borrow this way, because the shop, the warehouse or the rooms are leased.

Yes. Once the facility settles the money is yours to deploy, and equipment, a fit-out, a second site, a new product line or extra staff are all ordinary uses. We do not restrict spending to a category, and we do not drip-feed the funds in stages as invoices come in, which is what separates this from equipment finance or a construction facility. We only need to understand the business purpose before settlement.

No. Our security is real property, always, taken as a first or second registered mortgage. Stock, debtors and equipment are what a working capital loan commonly pays for, which is a different question from what secures it. If no property is available anywhere in the group or the family, we are not the right lender and a debtor finance provider will serve you better.

An overdraft revolves and is priced off your trading history and serviceability, which is what makes it slow to arrange and easy to lose in a bad year. A working capital loan here is a single short-term advance, sized to a specific gap and repaid by a specific event. If you want the revolving structure rather than a one-off, our secured business line of credit is the closer product.

Whatever brings the money in. The common ones are a progress claim or retention being released, a season trading through, a large debtor settling, an asset sale, or a refinance to a bank once the financials support one. We need it documented and dated rather than hoped for. An exit that depends on winning work you have not won yet is the one we cannot write.

Not on an asset-backed file. Where the equity is there and the exit is clear, we can proceed without a full set of financial statements or up-to-date tax returns. That matters for seasonal businesses whose accounts look alarming in the wrong quarter, and for anyone whose last return is not yet lodged.

Yes. A second mortgage sits behind the existing first and leaves it untouched, which avoids break costs and avoids reopening a facility that is priced well. The combined position needs to stay inside 70% of assessed value, and the existing lender has to consent to the incoming second. We deal with that consent as part of the process.

Up to 70% of assessed value, less anything already registered. On a property assessed at $2 million carrying a $900,000 first mortgage, that is roughly $500,000 available before costs. Assessed value governs it, not the rates notice and not what a selling agent suggested, and because our valuers are in house you get that number early rather than at the end.

Yes. We fund working capital for a cash flow gap, a pay run or a business expansion, and each trigger has its own page.

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