Fact: NOT All Short Term Business Lenders are the same. Some short term business lenders, caveat lenders and 2nd Mortgage lenders issue letters of offer within 2 hours, while others can take up to 24 hours just to issue an indicative offer. There are lenders that do valuations and some that don’t. They can take weeks to settle, and some can settle in just 24 hours. They can charge anywhere from 2%pcm, 4%pcm to even 6%pcm. There are short term business lenders and caveat lenders that want thousands of dollars to be paid up front, and some only require a few hundred dollars to cover the cost of searches. You may find some require full financials to be supplied, meanwhile others don’t.
HOMESEC BUSINESS FINANCE FACTS:
• We issue a simple “easy to understand” Conditional Approval within TWO working hours of receiving the application.
• We do not do valuations. (we simply rely on market appraisals)
• Our System is structured so we CAN physically settle within 24 hours from the time we receive the signed and accepted Conditional Approval.
• We don’t charge thousands of dollars up front. We capitalize all of our costs, except for a modest Acceptance Fee which covers the cost of our searches.
• We do NOT require financials, and credit history is irrelevant. All we need to know is what the business or commercial investment purpose is, and what the exit strategy is.
• All of HomeSec’s Short Term Loans are for business and commercial investment purposes, and are structured so all fee’s and interest are TAX DEDUCTABLE.
FACT # 2:
Beware of the hidden “per month” fee’s as well. With 1pm% interest plus all the per month “admin fee’s & management fee’s”, you end up paying well over 4% per month.
If your client needs money yesterday, doesn’t have thousands of dollars to pay for valuations and legals up front, and wants a painless experience, only a short term business loan from HomeSec Business Finance can deliver that.
It is the difference between catching a limo to the airport, compared to catching a bus.
If you need to get to the airport fast and with minimal hassle, you’ll choose the limo.