Last week one of our loyal brokers brought the following scenario to us…
His client had several business debts, including the following...
- $100K to a supplier, which meant they had a caveat on their property and their account had been put on hold
- $50K ATO debt
- Wages for the next month
- Two months arrears on their mortgage
- Plus they wanted an additional $50K for cash flow
The client is in this situation through no fault of their own, and because two of their clients had not paid them, it caused a snowball effect.
Fortunately for the client, they have equity in a piece of real estate, so we are able to consolidate their business debt, which includes the payment of their ATO debt, plus give them an additional $50K for cash flow.
The broker can now refinance the first mortgage and the HomeSec short term business loan into one low-interest rate home loan. HomeSec Business Finance has also contacted all the client’s creditors to take the pressure off the client and the broker.
In addition, the entire short term business loan is tax deductible because it’s a business debt. All we need now is a payout figure from the creditor, and we will be ready to rock!
Let’s hear it for consolidating business debts!
We are now settling same day loans for borrowers that are in rescission on property purchases . Yep, that’s right…SAME DAY! This happens to so many borrowers through no fault of their own, and all they need is to settle so they can get their finance in place. As long as your loan is for the purchase of a commercial property or a residential property in a company name, OR we are lending to a business, we can help you!
We settled a deal today for a gentleman who bought a small residential development site. His finance fell through, and if he didn’t settle today, he would have lost his deposit. He is going to make a great return on the project, so naturally, he didn’t want to lose it. So he has borrowed money from us for 3 months until he can get construction finance in place.
And, let’s just say Andrew (our new broker) was impressed with our speed and the tasty commission he received without even needing to supply a mandate. He simply told us his fee and we built it into the loan.
The HomeSec Way…
- We don’t need financials
- We don’t do valuations
- Bad Credit History and Loan Arrears are ok
We prepay interest - so in the case of the deal we settled today, the client doesn’t have to pay anything until his loan matures, and this ensures his cash flow isn’t drained while he prepares to start the project.
Click the picture below to see what we mean. It's handy for Real Estate Agents, and now PERFECT for Finance Brokers who want to be the person with the SOLUTION.
So we reckon it comes down to this…
Do you want to settle loans the hard way or the HomeSec way?
Scenario One - The Hard Way
You submit a loan application to the banks on behalf of your client, not for a refinance, but for an increase of their existing loan amount for $200K, as they require additional funds for cash flow requirements.
The bank managers response is…"No worries! Just send us over their updated financials, we’ll then organise a valuation, and we should be ready to go in about six weeks…keeping in mind I do go on holiday next week, so we might be looking at seven weeks.”
Scenario Two - The HomeSec Way
You call HomeSec Business Finance and run the same scenario by us. We ask you, if your client stands to make money from it, to which you respond yes, we can then assist in getting the whole thing wrapped up and settled within 24 hours !
You then have six weeks to organise a refinance to pay us out, and the client is able to take advantage of an opportunity to purchase stock at a discounted rate, and you make yourself a nice commission – It’s that simple!
There are no tricks or catches, and since tax time is fast approaching, your client can expect to receive a tax deduction on the interest, as it’s a business loan.
The HomeSec Way...
We are the only short term business lender who will extend the loan term without penalising you. Other lenders will send your client into default and charge you the default rate, which is how they hook you on the teaser of a lower entry rate
We rebate interest, so that if your client has prepaid 3 month's interest, but pay us back in 2 months, we will rebate the unused months worth of interest back to you.
Same day settlements! Even on settling properties for clients that get into rescission.
Potentially make an additional $20k plus a month settling short-term business loans with us.
We’d like to demonstrate another example of how HomeSec Business Finance can help your clients' business…
A business can find themselves falling behind through no fault of their own, simply because a debtor hasn’t paid an invoice. This then becomes a snowball effect, especially if the business is presented with a surprise opportunity to purchase stock at a heavily discounted price which will triple their profit. They find themselves in a situation where they have no room to breathe, because cash flow has plummeted. In the current climate banks are very reluctant to lend, and so the business is unable to capitalise on the opportunity and get ahead.
HomeSec Business Finance can pay all your client’s business debts the same day and roll it into one loan, and also give them a cash injection to help them expand.
Our main criteria is that it’s financially beneficial for their business, because we’re in the business of helping businesses get ahead. We will also offer to capitalise the interest for the term of the short term loan (eg: from 1 to 6 months) until your client is able to refinance and put both loans into one. PLUS, unlike our competitors, we will rebate interest if they pay us back early.
For all our new brokers that are just getting familiar with our product, we want you to know that there are alternatives for businesses that need a cash injection.
There is so much opportunity for you to earn big money in referring short term business loans, and the best bit is you get paid the same day, rather than waiting six to eight weeks getting a home loan across the line. Some of our top performing brokers are making $20,000 PLUS a month. (Click HERE to find out more and come on board.)
This is how we roll at HomeSec
We have loyal brokers and repeat business - The only way you can accurately judge a business
With the royal commission currently underway into the banks, the major lenders have really tightened up lending to small business. Unfortunately, sometimes all it takes is a few bad eggs to ruin it for everyone, and as a result small business owners have really suffered because of this.
You can be assured that this is not the case at HomeSec Business Finance. In our world, the economy is flourishing and we have never been busier. We want small businesses to prosper, and so if you have a client that needs our funds today so they can make money, then be sure to give us a tingle.
Why HomeSec is the Best in the Business...
1. Same day settlements in some cases (max 24 hours)
2. No valuations, and No financials
3. No charging thousands of dollars upfront
4. We are the only lender that pre-pays interest for the term of the loan
5. We rebate interest if you pay back early. (Every lender should reward the borrower for paying back early but they don’t)
6. No mandates required. Just let us know how much your brokerage is, and we will build it into the loan and pay you at settlement
7. You are even welcome to add an interest trail
What do you want from your private lender?
Okay, enough waffle! You’ve seen these points a dozen times before, but like a cold beer, you need to see it again.
You could be having a cuppa with a client, when they run a scenario past you which requires a short term business loan, and you say with confidence, yep, I have just the lender for you…HomeSec.
You don’t have to worry in the back of your mind…”I’ve been doing this clients finance now for years, how can I ask them to sign a mandate without it getting awkward?” You can simply tell us your fee, and we will include it in the loan & pay you the day the loan settles.
You’re onto your second cuppa with your client, and there is no printer nearby to print an application form. No problems! You can do it all online, and take a photo on your phone of the 3 documents we need.
If your client needs to settle the same day on a property they have purchased which is about to go into rescission (to ensure they don’t lose their deposit, and the money they stand to make from developing the property), we can have the funds to you by close of business that same day.
And if you’re really getting buzzed on your third cuppa for the day, and you hear a client needs $250K to buy a few cheap cars for his car yard and double his money for the week, we can settle that day!
Business doesn't need to be any more complicated than a cup of coffee, and that's why when it comes to service, speed, integrity AND RESPECT, there's only one lender you need to remember and that's HomeSec Business Finance.
Feedback is paramount to the success of our business, which is why we are always so eager to talk to our brokers after a loan has settled. What’s surprised us over the past few months is the feedback we’ve received on our rewards program.
The general consensus among brokers about our rewards program has been that it’s really great, but it’s not what keeps them coming back to HomeSec. They say that what they really care about is the fact that we settle deals the same day, we operate fairly and we don’t move the goal posts.
The rewards program is really just the cherry on top for them.
Obviously we will still keep our rewards program, because one of our core values is treating brokers with the respect they deserve, but it’s great to see the shift that brokers are no longer tolerating poor service!
Stress Free Facts about HomeSec Business Finance
Next week we’ll show you how other private lenders “low delivery rate” ends up costing your client more…it’s all in the fine print!
The shift is on with private lenders! Brokers are smart people, and they are rapidly coming to the realisation that the delivery rates of our competitors are not what they seem.
Just last week we funded a short term business loan for a client, who we have helped out several times in the past. He had just seen an advertisement by another lender advertising a cheaper rate, and thought he would give them a try. One week later they were still stuffing him around, and when his solicitor read the fine print, it turned out that our loan was actually cheaper!
Anyway, all’s well that ends well, he contacted us on Friday morning and we settled the deal that afternoon. We have a saying in our office...
Stick with the mechanic you know that checks your brakes, so you don’t drive off a cliff!
Just a reminder that we are the ONLY lender in the business who…
1. Prepays interest for the loan term that is requested by the borrower
2. Rebates interest if you pay back early
3. Can settle the same day if you are in rescission on a property purchase
4. Brokers to have mandates to collect their fee's
5. Do NOT perform external valuations
6. Do NOT demand excessive upfront fees
7. Genuinely deliver Same Day settlements
When it comes to service, speed, integrity AND RESPECT, there's only one lender you need to remember and that's HomeSec Business Finance.
Do you have clients struggling with a business-related tax debt?
WE CAN HELP TAKE THE PRESSURE OFF IN JUST 24 HOURS!
1. Can they borrow a large sum of money by TOMORROW? YES
2. Can they borrow money only for a short term of say 1 to 6 months while i refinance? YES
3. Can they borrow if their business is brand new, or cash-flow is poor? YES
4. Can they borrow if they have a bad credit history or no financial records? YES
The Solution Is....
How Easy is it to Get a Short-term Business Loan?
All we need to know is...
Plus, in case you're wondering...
We only need a rates notice and recent mortgage statement for the security property, and a copy of some photo ID for each person on title . Again, that's it! So hit the button below and lets get the problem fixed in 24 hours!
No Client Wants To Hear This From Their Broker or Accountant
Don't Let it happen to Your Clients.
Get on board with HomeSec Business Finance today and
BE THE SOLUTION.
DON'T let clients pass you by and go to a competitor, all because you couldn't get them the funds they need BY TOMORROW.
It's time to partner with Australia's fastest, and most reliable short term business lender.
(It takes less than 2 minutes, requires no paperwork, and is completely free)