We think it’s fair to say that one of the key ingredients to being a successful lender in this small space is honesty and integrity.
Our motto is, we want to see you and your client make money from using our product!
It gives us great pleasure to see some of our regular finance brokers bringing home an extra $20k per month for themselves by referring short term business loans to us to fund, PLUS seeing businesses from all around Australia making tens or hundreds of thousands of dollars in profit thanks our unique product.
And what it comes down to is performing a basic cost-benefit analysis, which is as simple as asking, as an example, how much is it going to cost me to borrow $200k for 4 months, and how much do I stand to profit from selling the stock that I have purchased at a discounted rate with the funds.
Yes folks, it’s that simple!
So, let's get down to business, and clap out the 9 key features of our unique product!
1. GENUINE 24-HOUR SETTLEMENTS– In fact we have settled a few short term business loans this year that we received on the same day!
2. WE REBATE INTEREST – If you borrow the funds for six months and pay us back in two, we think it’s only fair that you only pay for as long as you used the funds for.
3. NO HIDDEN FEES OR INTEREST – Each day we hear horror stories about some of the tactics unscrupulous lenders use.
4. NO EXIT FEES – It’s not uncommon for us to see other lenders charging 3% exit fees. Crazy!
5. OPTION TO EXTEND – Other lenders will automatically send you into to default if you go over the original loan term, which is how they cover their cheap entry level interest rate.
6. NO VALUATIONS DONE - An appraisal does the job. Saves you time and money
7. ONLINE APPLICATIONS – Which means you can have the entire application wrapped up from your car, home, golf course, beach, in fact almost anywhere!. Our system is so simple!
8.FREQUENT FUNDER POINTS for every loan you settle – Hawaii is going to be full of our brokers, who will all bee relaxing over there thanks to the HomeSec Frequent Funder Program!
9. CAPITALISED INTEREST – This is the only way our short term business loans can safely work for borrowers for the duration of the loan, while they complete their project. Our competitors will not do this, so as to ensure you go into default after the first month, to cover their cheap entry interest rate.
When it comes to service, speed, integrity, and RESPECT, there's only one lender you need to remember and that's HomeSec Business Finance.
If a client needs urgent funds, don't put their situation at risk by trying out an untested private lender or one with a chequered track record, who is full of promises but empty on outcomes. Stick with the trusted name in Short-Term Business Loans... HomeSec Business Finance. www.HomesecBrokerSupport.com.au
A common question we get is this…
Why don’t some private lenders allow you to capitalise the interest on your loan, for example, six months? ("Capitalise" is a term also known as "Pre Pay")
The reason being is because these short term business loan lenders have the lowest entry rates for the first month of the loan. This is attractive to brokers and borrowers, and it looks good in theory, however these lenders know full well that your client can’t afford the payments, as it will destroy their cash flow. Next thing ..... you know it, your client is paying over 8 times the entry level on the first month’s interest.
In other words, you think you have a great deal by getting the short term business loan at 1.5% per month, but interest only prepaid for the first month. After that, you either service the interest each month or you are placed into default and paying the default rate of 12% per month.
They dangle a carrot, so to speak, of a cheaper rate for the first month as a sweetener, but then once your client inevitably defaults, they are in a LOT of trouble – This is called entrapment folks!
HomeSec Business Finance on the other hand, understands that some businesses are asset rich with poor cash flow, so we ask you questions, such as…
- How long will it take to build and sell the house?
- How long will it take from when you purchase the stock to sell it for a profit?
We then say, let’s prepay the interest for the duration of the short term business loan so that once you have finished your project, you can pay us back in full.
Going with these other cow boys is akin to heading to your local pub for dinner, ordering the lamb, only to find that after you've taken your first bite, you realise it is mutton!
We don’t like to get too caught up in negativity and the shonky practices that occur in our industry, but we also feel it is our moral responsibility to educate brokers about the potential dangers for their clients. Just today we’ve had another finance broker inform us a lender who has done this to their client.
At the end of the day, this is why we have so much repeat business at HomeSec, because we don’t seek to pull the wool over your eyes. However don’t be like a lot of brokers who have to learn this the hard way.
As we sign off, take 2 minutes to watch our short video below, which has a couple more little things to be wary of.
Today we’d like to count the benefits of using HomeSec Business Finance for all your client’s short-term business lending needs…
We thought it was worth mentioning too that there will be a lot of businesses paying their BAS at the moment. Never think its a silly question to ask your business clients if they have their Tax and Super obligations up to date. Some won't, yet they are too embarrassed to ask for help.
BE THE BROKER WITH THE SOLUTIONS! This is something we can help them with, plus the costs on our loans are tax deductible too.
In recent times we have had several brokers say to us that they don’t know why they didn’t start using our short-term business loan product earlier.
Frankly, it’s a wonder some of these brokers didn't get a stomach ulcer from all the stress that some of these other lenders have been putting them and their clients under, when they promise the world and deliver donuts!
The way we see it is, it is sort of like looking at your local home delivery menu, and you just KNOW you are going to get food poisoning and be on the toilet for the week, and yet you still order from them anyway, because it’s all you’ve ever known.
Why do I keep going back to them?
There are thousands of businesses around Australia that are finding it impossible to get ahead, because they are unable to take advantage of an opportunity, like purchasing stock in bulk at a discounted rate or because of basic cash flow issues, and they are unaware that solutions do exist!
This is why it’s so important for you as their loyal broker to be armed with the knowledge about our unique product, so that you can be the broker with solutions.
Don’t forget that you yourself will make a generous brokerage, plus receive points from our Frequent Funder Program for a trip to Hawaii, or a new iPhone X. (over and above your brokerage)
We can guarantee you that at least once a week you will come across a business that needs access to funds in a big hurry. It is our top brokers who are making an additional $20k per month using our product, and they all understand this.
We are always available to take your calls, and don’t hesitate to run a short term business loan scenario past us, because sometimes you don’t know until you ask!
Be the Broker with the Solutions! (click the video below to see how)
When a business has an opportunity to purchase stock or needs money for general cash flow requirements, everyone knows that for them to refinance, it takes roughly 2 months.
With a HomeSec short term business loan, your client can access the funds in 24 hours!
We're like the ATM for businesses.
At HomeSec we don't do valuations, and we don't require financials. All your client needs to do is perform a quick calculation to ensure the amount they stand to make from borrowing the funds quickly, exceeds the cost of the loan.
Our loans are for making profit for your clients, or saving their bacon!
This is one of the many advantages of partnering with HomeSec Business Finance for your clients short-term business lending needs, because it saves your client a tremendous amount of time and lost opportunities!
It’s worth noting that recently we have settled short term business loans for clients who have sold their house, and have purchased another, and require funds for around two months while they get their finance in place – As long the properties are in a company name, we can help!
We’ve also had deals where clients with commercial properties have been in rescission and have needed to settle, and have borrowed funds from us for around 2-3 months, while they put their refinance in place.
These are just a couple of scenarios, where HomeSec Business Finance can help your client get out of a pickle.
Below is another for you to watch, when you get the chance. This is just another way of us educating our broker community, so that you and your client can benefit and make money from our product.
It has just occurred to us that we are one of the only short-term business lenders that capitalises interest beyond a one month term. So we’d like to explain to you our rational behind why it’s so beneficial for your client to have the option of Capitalising Interest (sometimes known as preparing interest) for the term of the loan...
As an example, if your small business client were to borrow $500,000 for four months to complete a building project, we think it’s fair to say that it would ruin their cash flow if they had to pay monthly interest payments on the short term business loan, plus pay their first mortgage.
For a project of this nature, you make your profit at the end once you’ve completed works, sold or refinanced. We all know that the number one reason businesses go broke is because of cash flow issues, and capitalising interest alleviates the strain on a business’s cash flow.
As an Added Bonus To Your Clients (Something That Only HomeSec Offer):-
Coming back to our original example, if your client has capitalised the interest for four months and they pay us back three months, then we will rebate 1 months interest back to them! How fair is that! :-)
This is why we get so much repeat business, and what it comes down to is common sense lending, which unfortunately isn’t all that common!
But at the end of the day, we want your client to THRIVE, not merely survive, and our product is here to help businesses profit and expand, and we have no desire to fund loan that isn’t going to serve your clients.
Just last week we had a new broker come to us with some fantastic feedback on our service, and we thought it would be helpful to share with you….
“I now have confidence again when my builders come to me needing urgent short-term money to start or finish a project. I specialise in this area, and I’m sick of looking like a goose from lenders who take thousands of dollars upfront with absolutely no intention of even funding my deals – some of them don’t even reply to my calls!
We hear similar stories almost every day!
We've welcomed this new broker on board and we are thrilled that he is super happy with the service we have provided, and we look forward to hopefully sending him and his partner off to Hawaii very soon, as he’s already halfway there with his points accrued in the Frequent Funder Program.
For any brokers who are new to HomeSec Business Finance and are still trying to get a bit of a feel for what we do, we’d like to give you a brief snapshot of our unique financial product….
No valuations – Who has time for them anyway
No financials – We recognise that most businesses don’t have them up to date
No excessive upfront fees in the thousands of dollars – The point of borrowing is because the business requires funds they do not have
Online application form that is quick and easy to fill out – So simple, you can even complete it on the phone, in the car, or even on the toilet! :-)
Contactable after hours – Whether it’s 7pm on a Tuesday or 5pm on a Saturday, we are around to take your call
Genuinely settle a loan in 24 hours - That's Right.... from Application through to funds in the clients account in 24 hours
Rebate pre-paid interest if you pay back early. For example, take a 6 month loan and repay the loan in full by 4 months, we will rebate you 2 months interest
Operating for 14 years – You can have confidence when you are dealing with HomeSec that you are in the best hands
We are available to take your calls anytime and from anywhere..........
Our service is so simple and streamlined, we've even made a 90 second video on it.
Each week we put a lot of effort into educating and helping finance brokers with our emails and blog posts, and hopefully giving you a laugh too. However today is a more serious message, and we have Joint CEO Paul Stone provide you with some interesting insight into selecting the right short-term business lender. This includes some key points to be on the lookout for to ensure you and your client don’t get taken for a ride.
Knowledge is power, and apart from steering clear of dodgy lenders, what we are finding more and more is that the brokers who are armed with the most knowledge on all the different finance products available to their clients, are the top performing brokers.
It's an absolute thrill for us to see some of our brokers making well over $20k per month in additional income with HomeSec alone, which doesn’t even take into account the extras they receive with our Frequent Funder program.
So, grab yourself a cuppa and a biscuit to dunk, sit back and relax as we take you through the GOOD, THE BAD & THE UGLY of short-term business lending.
See how Short Term Business Loans can be an instant revenue winner for finance brokers, and a lifesaver for their clients. AND just like our Short Term Business Loans, getting accredited takes less than 2 minutes, & with no paperwork required. Simply go to http://www.homesecbrokersupport.com.au/partner-with-us to get on board today!
National Head Office: Suite 6, 170 Underwood Rd, Ferntree Gully Vic 3156