Private lender   First mortgage

Secured business loans backed by property.

A private loan for your business, secured by first mortgage over property offered as collateral.

70%maximum LVR
9 to 15%interest a year
3 to 24months
The short answer

What is a secured business loan?

A secured business loan is a loan to a business that is backed by an asset, such as property. Quickfundz provides short-term secured business loans to companies on first mortgage, from $200,000 to $5 million, up to 70% of the property's value, for 3 to 24 months.

If your company has property to offer as collateral, that asset can support a loan for the business. Because the loan is secured, the property and your plan to repay carry most of the weight in our assessment.

This is short-term funding, for 3 to 24 months. It suits a defined need with a clear way to repay, such as a sale, a refinance or funds the business is due to receive.

What it is used for

  • Capital for the business, backed by property
  • An opportunity that will not wait for a bank
  • Covering a gap until expected funds arrive
  • Buying stock, equipment or another business asset
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How we lend

The terms, up front.

1st

First mortgage

Every loan is secured by a first registered mortgage over the security property.

70%

Up to 70% LVR

We lend up to 70% of the property's value, from $200,000 to $5 million.

9 to 15%

Interest a year

Paid monthly, or fully capitalised so there are no monthly payments. How interest works.

3 to 24

Months

Short-term lending, Australia wide. We reply to applications within 2 business days.

A worked example

What it could look like.

A company borrows $400,000 for 12 months against property valued at $800,000 and pays the interest monthly.

Example only, at an interest rate of 12% a year. Rates range from 9% to 15% and are set on assessment. Fees and outlays are indicative and include GST. Your figures are confirmed in a letter of offer.

Try your own numbers
Loan amount
$400,000
Security property value
$800,000
Loan to value ratio
50.0%
Interest rate used
12% p.a.
Term
12 months
Interest payment each month
$4,000
Total interest over the term
$48,000
Fees and outlays
$5,634.68
Funds received at settlement
$394,365
Repaid at the end of the term
$400,000
Loan calculator

Estimate your secured business loan before you apply.

Move the sliders to see the interest, the fees and the funds you would receive at settlement.

$200,000$5 million

The total loan, secured by first mortgage.

We lend up to 70% of the property's value.

3 months24 months
9% p.a.15% p.a.

Your rate is set when we assess the deal, between 9% and 15% a year.

How you pay the interest
Funds you receive at settlement

Loan amount
Less capitalised interest, compounded monthly
Less fees and outlays
Interest payment each month
Total interest over the term
You repay at the end of the term
Loan to value ratio
What the fees and outlays are

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    Questions

    Secured business loans: what borrowers ask.

    What is an asset backed business loan?

    It is a loan to a business that is secured against an asset. With Quickfundz the asset is property, and the loan is secured by a first registered mortgage.

    What can a secured business loan be used for?

    It must be for a business or commercial investment purpose, such as capital for the business or taking up an opportunity. We ask what the funds will be used for as part of every application.

    What documents does Quickfundz ask for?

    Company details, the property offered as security, what the funds will be used for, the last 3 months of business bank statements, and credit reports for the company and its directors.

    How much can I borrow with secured business loans?

    Quickfundz lends from $200,000 to $5 million, up to 70% of the value of the security property. Every loan is secured by a first registered mortgage.

    What interest rate applies to secured business loans?

    Rates range from 9% to 15% a year. Your rate is set when we assess the deal and is confirmed in writing in your letter of offer. You can pay the interest monthly or have it fully capitalised.

    How long is the loan term?

    Terms run from 3 to 24 months. The loan is repaid at the end of the term, usually from a sale or a refinance.

    Who can apply for secured business loans?

    Quickfundz lends to companies for business and commercial investment purposes. We do not lend to individuals for personal, domestic or household purposes. We lend Australia wide.

    Apply now

    Tell us about the deal.

    One question at a time. Give us the full picture once and we can assess the deal without going back and forth.

    Questions before you apply? Email the credit team. credit@quickfundz.com.au

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