About Us
Cash flow stalls or a time limited opportunity can hit when your bank is slow or at its limit in Dunedin. We use second mortgage business loans to unlock equity in your residential or commercial property with short term funding, fast decisions, and a simple path handled by Dunedin Second Mortgage Business Loans.
We are local and we have funded many small firms, so we speak plain language and we move fast while keeping the paperwork right. At Dunedin Second Mortgage Business Loans we look at trading history, monthly turnover of at least twenty thousand dollars, and equity, not only a credit score, and we match loan size to time in business from about six months for smaller loans up to five years for the largest, so the structure fits and you are not stuck.
We move fast and look beyond a credit score, so you get a real read on trading history, equity, and a clear path to settlement. You get flexible repayments including interest only or principal and interest with weekly, fortnightly, or monthly schedules, the option to capitalise interest in some cases, early repayment under your contract, and total lending that can reach about ninety percent loan to value ratio in strong cases.
Loan sizes run from twenty thousand dollars to five hundred thousand dollars with the maximum linked to your time in business, and in strong cases total lending may reach about ninety percent loan to value ratio subject to sufficient equity and a solid exit plan. Terms range from three to twenty four months with most second mortgage business loans running six to twelve months with possible extensions, pricing is risk based and higher than bank lending due to the short term second position, minimum monthly turnover is twenty thousand dollars with trading history from six months for smaller loans up to five years for the largest, acceptable security is residential or commercial property and not rural or lifestyle blocks, indicative approval decisions are often available within twenty four working hours when documentation is complete and correct, fees such as application, valuation, legal and other costs are set out in the agreement, early repayment is usually allowed under the contract, and repayments can be interest only or principal and interest with weekly, fortnightly, or monthly schedules and the option to capitalise interest in some cases.
Talk to us about second mortgage business loans in Dunedin and get a quick quote or a call to map the numbers and timing. Call or send your details and we’ll get you moving.
Fast Approvals - $20k to $500k
