About Us
Cash flow gets tight in New Plymouth when a big invoice is late, a tax bill hits, or you need stock now. We arrange second mortgage business loans secured against your property for working capital, bridging to refinance or sale, stock and equipment purchases, tax debt catch up, and short term project costs.
We are local and plain spoken, and our team at New Plymouth Second Mortgage Business Loans knows short term second mortgage funding for growing businesses in New Plymouth. We assess equity, trading history, turnover, and credit score, and we do not rely on a score alone, and we aim to give an indicative answer within twenty four working hours along with a clear plan for how you will repay through refinance, sale, or cash flow.
Loan sizes run from 20,000 to 500,000 with terms from 3 to 24 months, second mortgage loans most often sit at 6 to 12 months with extension options, and we don’t take rural properties or lifestyle blocks. We accept residential or commercial property as security, total lending can reach about 90 percent loan to value ratio in strong cases, repayments can be interest only or principal and interest on a weekly, fortnightly, or monthly cycle, interest can be capitalised, pricing is risk based and higher than bank rates, valuation and legal steps are part of every file, fees and costs are set out in the agreement, and early repayment is usually fine under the contract.
We fund from 20,000 to 500,000 for three to twenty four months, with most second mortgages running six to twelve months and extensions possible, and in strong cases total lending can reach about ninety percent loan to value ratio. We secure against residential or commercial property in towns and cities, we don’t accept rural properties or lifestyle blocks, eligibility starts from six months trading for smaller loans and up to five years for the largest amount, second mortgage borrowers should show at least 20,000 dollars in monthly turnover, we consider credit scores but never alone, we don’t post fee amounts and set out application, valuation, legal and other costs in the loan agreement, and repayments can be interest only or principal and interest with weekly, fortnightly, or monthly schedules, and in some cases interest can be added to the balance.
Talk to us about second mortgage business loans in New Plymouth and get a quick quote or a call to map the numbers and timing. Call or send your details and we will get you moving.
Fast Approvals - $20k to $500k
