About Us
Banks move slow and cash flow does not wait, so deals fall over and bills stack up. At New Plymouth Second Mortgage Business Loans in New Plymouth, we arrange second mortgage business loans that use your property equity to unlock short-term working capital, bridging funds, or a fast refinance with a clear exit plan.
We are a local team that understands how New Plymouth 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.
You get fast funding sized to your business and equity, with pricing that’s risk based and higher than bank lending because these are short term and higher risk, property secured loans. We look beyond a credit score, we expect at least 20,000 in monthly turnover and a minimum trading history that rises with loan size from about six months for smaller loans up to about five years at the top end, total lending can reach about 90 percent loan to value ratio in strong cases, terms run three to twenty four months with most second mortgages at six to twelve months, interest can be capitalised, early repayment is allowed under the contract, and all 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 don’t 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.
Talk to New Plymouth Second Mortgage Business Loans in New Plymouth about second mortgage business loans today. Call or send your details for a quick review and a clear written quote.