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The client was a looking for approx. $500k in funding to expand its business and take it to the next phase of the growth.
The revenue of the company was not sufficient to fetch them an unsecured business loan of that amount, so we explored if the client has any real estate property with decent equity to get a business finance on property. It appeared the client had substantial equity in the property to get that loan.
We logged in the application for a low doc property finance for business and got the funding sorted for her at a lightning speed.
We not only got her the required $500k but were also able to refinance the existing debt on the property and got her a total of $900k at 3% lower than the existing interest rate.
At Broc Finance, we not only look after our customer’s current needs but also ensure to save them money on their existing finances wherever feasible. The client was thrilled by our work and left us a 5-star review.
If you have a scenario to discuss, contact us or get an indicative quote
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Securing huge amounts in loans with limited or no documents is not an easy task for businesses. Property finance as compared to other business loans offer to unlock equity in your property and get a no doc/low doc approval as well.
Getting a loan with a bad credit history is tough but not impossible. Especially when you’ve got a property to back your loan, your chances of getting a loan with a bad credit history improves.
The duration of property finance depends on the property finance product that you are after. Generally, the term ranges between 3 to 36 months.
Applying for property finance is quick and easy with Broc Finance. All you need to do is simply fill out the application form with all the required documents. Once your application is received, our team with get in touch with you for a personal consultation and can get an indicative quote for you within 24-48 hours. The funding is possible within 3-7 business days.
Contact us today and discover how our expertise can help your small business thrive.
CALL US
1300 253 041
EMAIL US
enquiries@brocfinance.com.au
Broc Financial Services Pvt Ltd.
ACN 648 088 304
Credit Representative number 540795 is Authorised under Australian Credit Licence Number 389328