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 access equity in your residential or commercial property with short term funding, fast decisions, and a simple path handled by Dunedin Second Mortgage Business Loans.
Our team at Dunedin Second Mortgage Business Loans focuses on short term, property secured lending for trading businesses and we judge real cash flow and equity rather than a credit score alone, and we set all application, valuation, and legal costs out in the loan agreement so nothing surprises you. We work with businesses from six months in trade on smaller loans through to five years for the largest, we expect at least twenty thousand dollars in monthly turnover, and we only fund when there is sufficient equity.
You get fast indicative decisions within twenty four working hours once we have complete and correct documents, loan sizes from twenty thousand dollars to five hundred thousand dollars, and terms from three to twenty four months with most seconds running six to twelve months and extension options when your plan is on track. We consider total lending up to about ninety percent loan to value ratio in strong cases, often higher than bank limits, we accept residential or commercial security but not rural or lifestyle property, we weigh monthly turnover and time in business from six months for smaller loans up to five years for the maximum, and we do not rely on a credit score alone.
Loans run from twenty thousand dollars to five hundred thousand dollars with terms from three to twenty-four months, and most second mortgage business loans run six to twelve months with extensions possible. We secure against residential or commercial property in Dunedin and not rural or lifestyle blocks, pricing is risk-based and higher than bank lending, eligibility grows with time in business from six months for smaller loans up to five years for the largest with a minimum monthly turnover of twenty thousand dollars, interest can be paid weekly or fortnightly or monthly, early payment can be allowed under the contract, total lending may reach about ninety per cent loan-to-value in stronger cases, and application, valuation, legal, and other costs are set out in your loan agreement.
Talk with our Dunedin team about second mortgage business loans and get a quick quote on terms that fit your timeline. Contact Dunedin Second Mortgage Business Loans now and send your basic documents so we can give an indicative decision within 24 working hours.
