Expanding Your Business? Urgent Short Term Finance for a New Site or Contract

It can, where the bank's payout figure and the remaining fit-out costs together fit inside 70% of the warehouse property's value. The loan funds are paid to your business at settlement: part repays the bank, and the rest pays for the fit-out. Ask the bank for a written payout figure now, before any receiver's costs are added to it. Send it to us with the builder's quote for the remaining work and your plan to repay us, such as a bank refinance once the new site has a record of trading.

• →Refinancing a lender that has appointed a receiver

It covers $480,000 of it, not the full $600,000. 70% of $1,400,000 is $980,000, and after the $500,000 owing that leaves $480,000. Adding another property, such as a director's home, as additional security can cover the remaining $120,000, with the 70% worked out across both properties.

• →Second mortgage finance

Both can be used together. A lump sum suits the $300,000 fit-out, paid in one amount at settlement. The secured business line of credit suits the monthly wages: you draw what you need, repay and draw again. The line of credit is a second mortgage facility of up to $2,000,000, for 6 to 18 months.

• →Secured business line of credit

No. The loan is secured by real property, such as premises the business owns or a director's home, never by the contract. The council's monthly payments can be part of how the loan is repaid, because they are dated amounts. Send us the contract with the payment terms when you enquire.

Yes. Both properties can secure one loan, with the 70% limit worked out across them. Using $2,000,000 for your warehouse and $1,600,000 for the new building, 70% of $3,600,000 is $2,520,000. After the $600,000 owing, that leaves $1,920,000, which covers the full price. For the new building, we use the lower of our valuation and the price.

• →Bridging loans

Yes. The $360,000 deposit is paid from a loan secured by property the business or a director owns. The production line is what the money buys, not the security. Tell us how the balance will be paid on delivery and how our loan will be repaid, such as a bank refinance once the line is producing.

• →Manufacturing lending

No. A tax debt on its own is not a reason we decline. The loan can include the $180,000 so the business pays out the plan at the same time as funding the new site, within the 70% limit. The loan funds are paid to the business, which pays the ATO.

• →Tax debt loans

Plan for that before the loan starts. Terms run up to 24 months, so set the term with time beyond month 12 rather than ending it exactly there. Agree a second exit at the start, such as the sale of a property, so a delayed or declined bank application does not leave the loan without a repayment plan.

Yes. Both properties can secure the one loan to the business, and the 70% limit is worked out across them together. For example, two properties worth $900,000 each with $200,000 owing on each allow up to $860,000 in total. Send us the value and the loan balance of each property with your enquiry.

Yes. A bank approval already in progress is a defined exit. Set our term longer than the bank's estimate, because bank approvals can take longer than first quoted. Send us the fit-out contract, the property you are offering and the details of the bank application.

• →Business expansion finance

The shop alone will not support both. 70% of $1,200,000 is $840,000, which is less than the price, and the fit-out does not add to the value we lend against before it is built. Adding a second property, such as a director's home, as additional security can let one loan cover the purchase and the $250,000 fit-out, paid at settlement.

Yes. The fit-out can be funded as a lump sum at settlement. Send us the fit-out quote and the lease start date with your enquiry.

Yes. Starting a contract often means paying wages and suppliers for weeks before the customer pays. We can fund those costs, and the contract payments can form part of the repayment plan.

Yes. A bridging loan secured by both properties lets you buy the new premises first, move, and sell the old premises without rushing. The sale then repays our loan.

Yes. A cash bond or rent paid in advance under a new lease can be paid from the loan, along with the fit-out. Send us the lease so we can see the amounts and the start date.

No. We need a clear repayment plan, not a forecast. A bank refinance later will usually want to see the new site's results, which is why we set the term to allow time for them.

Yes. Equipment and vehicles can be bought with the loan, as long as the total stays within 70% of the property value. The equipment is what the money buys; the loan is secured by property, not the equipment.

Same-day funding is achievable for some expansions, depending on your scenario. Call us as soon as the lease or contract date is known, and send the property details with your enquiry, because the valuation sets most of the timing.

• →$3 million settled in 2 business days for an expanding IT business
• →$800,000 in 48 hours to start a freight contract
• →$850,000 settled in under five business days after a contract win

We fund expansion for businesses in technology, manufacturing, retail, hospitality, transport and our other industries. We also lend for cash flow and working capital.

• →Technology lending
• →Working capital loans