About Us
Cash flow gets tight when a tax bill lands, a supplier discount window opens, or a project runs long and banks move slowly or say no. We arrange second mortgage business loans in Palmerston North using your property equity to unlock short term funding for working capital, bridging a purchase, clearing arrears, or finishing a build.
We are local and plain spoken, and our team at Palmerston North Second Mortgage Business Loans knows short term second mortgage funding for growing businesses in Palmerston North. We assess equity, trading history, turnover, and credit score, and we don’t 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’ll repay through refinance, sale, or cash flow.
You get fast funding sized to your business and equity, with pricing that is 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.
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 do not 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 with Palmerston North Second Mortgage Business Loans about second mortgage business loans in Palmerston North today and get a clear path and timing for your funding. Call or send us your details for a quick call back and a written quote.
Fast Approvals - $20k to $500k
