About Us
Banks move slow when you need money now, which can stall payroll, stock purchases, or a project already underway. We at Dunedin Second Mortgage Business Loans fund second mortgage business loans in Dunedin with short terms, quick decisions, and property-secured funding that covers short-term needs until a refinance, sale, or seasonal revenue arrives.
We are a local team that understands how Dunedin businesses trade through seasons and spikes. You deal with decision makers who read your numbers, weigh your equity, and price the loan for risk and speed, with rates that sit above bank lending because these are short term and higher risk.
Loans range from 20,000 dollars to 500,000 dollars with the largest amounts linked to longer trading history, and typical terms run 6 to 12 months with options from 3 to 24 months if the deal needs it. Pricing is risk based and higher than bank lending, total lending can reach about 90 percent loan to value ratio in strong cases, repayments can be weekly, fortnightly, or monthly, interest may be interest only or principal and interest with the option to capitalise, early repayment is usually allowed under the contract, and fees are set out in the loan agreement.
Loan sizes run from 20,000 to 500,000 with the maximum linked to your time in business, and second mortgage terms are usually six to twelve months within an overall three to twenty four month window with extensions possible, and a second mortgage sits behind your first mortgage on the title, and total lending can reach about ninety percent loan to value ratio in strong cases. We take residential or commercial property as security and do not take rural or lifestyle blocks, we expect at least 20,000 in monthly turnover and a trading history from six months for smaller loans up to five years for the largest, we consider your credit score alongside equity, we can set interest only or principal and interest with weekly or fortnightly or monthly payments and interest can be capitalised in some cases, early repayment may be allowed under the contract, we can give an indicative decision within one working day when the documents are complete, and all costs such as application, valuation, and legal are set out in the loan agreement.
You can contact our local team in Dunedin about second mortgage business loans and get a quick quote and timeline that fits your plan. Reach out to Dunedin Second Mortgage Business Loans now and we’ll map the documents needed and move from application to settlement without delay.
Fast Approvals - $20k to $500k
