Urgent Short Term Loans for Service Station Purchases

We can, where the payout figure fits within 70% of our valuation of the site as it stands, which takes the environmental reports into account. Our loan repays the bank at settlement, whether or not a receiver is in place. Send us the bank's written payout figure, every environmental report and the fuel supply agreement. We do not fund remediation works, so the plan to repay us has to be a sale of the site or a refinance once the reports are complete.

• →Refinancing a lender that has appointed a receiver

Up to $1,330,000. Our limit is 70% of the lower of the site's current-condition value and the price, so 70% of $1,900,000. The remaining $1,070,000 needs to come from your own funds or from another property offered as additional security.

Yes, with the remaining lease term reflected in our valuation. We value the site with the lease as it stands today, not on a renewal that has not been agreed. Send us the lease and any letters from the brand about renewal, so the valuer has the full picture.

Yes. We lend on freehold sites leased to a fuel brand and on sites run by the owner. For an owner-operated site, send your trading figures and the supply agreement; for a leased site, send the lease. Either way, the security is the freehold property, valued in its current condition.

Yes. The loan is secured by the freehold property, valued in its current condition with the environmental reports taken into account. We fund the purchase, the environmental consultant's reports and holding costs. Removing tanks and remediating the site are not part of our loan.

• →Urgent loans for contaminated sites

We need to learn your scenario further. Send us the notice and the environmental reports, and our valuer will reflect what the notice requires in the site's current-condition value. Your solicitor and environmental consultant should explain what the notice requires of a new owner before you sign.

Yes, where the payout figure fits within 70% of the site's current-condition value. For example, a site valued at $3,000,000 supports a loan of up to $2,100,000. Send us the bank's payout figure, the brand lease and any environmental reports while there are still weeks left on the loan.

• →Refinance business loans

Yes, the loan can pay for all three. Only the freehold property is the security, so the 70% is worked out on the freehold's current-condition value, or the part of the price paid for the freehold if that is lower. Ask your solicitor to set out in the contract how the price is split between the land, the business and the fuel.

Location affects the value, so it can affect the loan amount. A service station is valued on its location and its fuel lease or trading, and the loan is up to 70% of that value. We lend on regional sites across Australia. Send us the address and the contract, and our in-house team can tell you what the site supports.

Yes. The sale of the site is a defined exit, and selling with a brand lease in place is one way to repay us. Set the term to cover the lease negotiation and the sale campaign, anywhere from 1 to 24 months, and send us the brand's heads of agreement once you have it.

• →Petrol station finance

Yes. Environmental consultant and monitoring costs and holding costs such as council rates can be included, within the 70% limit. Physical works on the site, such as tank removal or remediation, are not part of our loan.

Yes. We value the site in its current condition, taking the environmental reports into account. We never lend on the value the site would have after remediation.

No. The loan is secured by the freehold property: the land and buildings. Tanks, pumps, fuel stock and the brand agreement are never the security.

We need to learn your scenario further. Send us the reports that exist and the contract, and we can tell you within hours whether we can settle on your date.

Yes. A site leased to a fuel brand is valued with its lease or supply agreement in mind. Send us the agreement, because its term and rent affect the value.

No. We fund the purchase, environmental reports and holding costs. Physical works on the site, including tank replacement and remediation, are not part of our loan.

It must be reported in some cases. The NSW EPA says some contamination at service station sites must be reported to it under the Contaminated Land Management Act. Your environmental consultant can tell you whether it applies to your site.

Where the environmental reports already exist, settlement can happen on the same day, depending on your scenario. If the reports are still being prepared, send what exists so the valuation can start.

• →$3.2 million funded within 24 hours
• →$1.2 million second mortgage funded within 24 hours
• →$1.88 million settled in 48 hours when a bank was delayed

Yes. We lend for working capital to service station operators, retailers and transport businesses, including stock and staff costs.

• →Retail lending
• →Transport lending
• →Working capital loans