Loans
Please select which type of loan you are looking for below;
- Short Term Business Loans
- Business Debt Consolidation
- Business Financing/Debt Factoring
Short Term Business Loans
Sometimes in business there is a need for "fast funding". Forget about dealing with the banks unless you have around two months to wait.
We offer approval in minutes and can settle $20,000 to $2,000,000 in 48 hours.
These short term loans are normally for a maximum of 3 to 6 months and are secured against Australian real estate.
Common scenarios for short term business loans include:
Working capital requirements
GST, PAYG, Superannuation or other statutory payments.
The borrower has sold a property, but it does not settle for another two months. However the borrower needs access to funds NOW.
The borrower is refinancing, and needs some money right now to pay off some other debts, or to finish renovations before the refinancing can proceed Refinancing of existing debt or for other business or investment purposes If you would like to speak to one of our consultants for further information you can contact us on 1300 851 816.
What you need;
- You must have Australian real estate security. With our loan added to
other mortgages and caveats that may be on the title, the LVR (Loan to Valuation Ratio) needs to be 80% or less.
- You need to have an EXIT STRATEGY. This means, you need to be able to show how you plan to pay the loan back within a given period.
- (Eg: through the sale of a property or refinancing, etc) Caveat Loans must be for genuine Business or Investment Purposes.
Business Debt Consolidation
Naturally all business owners will have a range of business debt facilities including credit cards, small business loans, overdrafts, leases, loans against personal property and other assets. These debt facilities may have varying interest rates and varying repayment requirements and repayment terms.
Business debt consolidation is used to help manage debt from an administration point of view, while also making your business more attractive to other lenders when applying for refinance products.
Common scenario:
A Property developer may have up to four mortgages on a project he wishes to refinance. In this case he is best off consolidating these debts into one or two loans to make refinancing this project more attractive to mainstream lenders.
If you have any debt consolidation enquiries please call one of our consultants on 1300 851 816.
Business Financing / Debt Factoring.
As your business grows its financial needs will change. Directline Finance can assess your business needs to improve its cashflow or provide solutions to expand operations.
With Debt Factoring, Directline Finance uses private funds to purchase the rights to one or more of your invoices from your debtors. We provide up to 80% of the invoice in cash upfront to you and then your debtor pays us in 30 or 60 days. We take our fee out and return the remaining monies to you.
You will need blue chip debtors and your goods must have been delivered or work completed [& acknowledged by debtor] for us to loan money against your invoice.
Things you need to know;
The interest rate charged will depend on the security provided and the quality of your client base.
You will need blue chip or government debtors and your goods must have been delivered or work completed [& acknowledged by debtor] for us to loan money against your invoice.
The rate for invoice financing is based on a minimum of 30 days.
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