No Doc Business Loans

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No Doc Line of Credit Business Loans are available to sole traders, sub-contractor, small business owners and people who require overdraft / line of credit facilities. This type of lending is for business purposes and only accessible by those who have an ABN.

As long as the funds are used wholly or predominately for business use, there is no requirement to provide financial statements or tax returns.

Facility is a line of credit that can be secured by either 1st mortgage, 2nd mortgage or caveat on prime securities such as Residential or Commercial real estate or can be secured against unencumbered luxury goods such as luxury and classic cars, boats, jewelry, art, luxury watches, gold & precious metals and fine wine etc. Luxury goods will be stored in a safe location with the assets returned to you once the loan is paid out.

Suitable for borrowers who do not have access to financial statements and tax returns and/or borrowers who have a less than perfect credit history (eg paid/unpaid defaults etc)

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  • Amounts from $100,000 > no maximum loan amounts
  • Interest is calculated daily on the closing balance of the loan
  • Line of Credit – Draw up or down as required as a business overdraft would allow
  • Rates from 1% per month on 1st mortgages and from 2% per month on 2nd mortgages or caveats.
  • Settlements within 72 hours on approved applications (caveat secured)
  • 12 months (the maximum term will be determined by the proposed exit strategy)
  • No early repayment fee
  • Will go to 75% LVR of desktop short sale valuation on Prime Residential Property and 70% of Prime Commercial Property.
  • Will go to 70% LVR of Lenders Valuation for Luxury Goods.