About Us
Cash is tight but your equity is strong and the window to move is small. We arrange second mortgage business loans in Palmerston North that unlock working capital, clear tax pressure, fund stock or equipment, bridge a refinance, or tidy up urgent payables so you can keep trading.
Our team at Palmerston North Second Mortgage Business Loans knows the local market and has real experience getting property secured business lending done in Palmerston North, and we move fast with indicative decisions in twenty four working hours when your documents are complete and correct. We look at the whole picture including equity, trading history, and cash flow rather than a credit score alone, we guide you through valuation and legal steps, and we’re upfront about risk based pricing, with application, valuation, and legal costs set out in your loan agreement, and we do not publish a rate range because pricing is higher than bank lending and tailored to the risk and term.
You get practical structures such as loan sizes from twenty thousand to five hundred thousand, terms from three to twenty four months with most second mortgages running six to twelve months, and repayment choices that can be interest only or principal and interest with weekly, fortnightly, or monthly schedules, with interest capitalised in some cases. We look at real turnover of at least twenty thousand per month, your trading history which ranges from about six months for small loans up to five years for the largest amounts, and your equity position rather than leaning on credit score alone, and in strong cases total lending can reach about ninety percent loan to value ratio.
We accept residential or commercial property as security, we do not accept rural property or lifestyle blocks, we can consider total lending up to about ninety percent loan to value ratio in strong cases, typical terms are six to twelve months with extensions, and total term can run three to twenty four months. Minimum trading history starts at six months for smaller loans and rises to five years for the largest amounts, we expect at least twenty thousand dollars in monthly turnover, we consider credit scores without relying on them alone, repayments can be weekly, fortnightly, or monthly, early repayment is usually allowed under the contract, costs such as application, valuation, and legal are set out in the agreement, and rates are higher than bank lending because this is short term and higher risk.
You can contact our local team in Palmerston North about second mortgage business loans and get a quick quote and timeline that fits your plan. Reach out to Palmerston North Second Mortgage Business Loans now and we will map the documents needed and move from application to settlement without delay.
Fast Approvals - $20k to $500k
