Business Finance Secured Against Property – Use Your Equity to Fund Growth
If your business needs a larger funding amount or doesn’t fit standard bank criteria, using property as security can open up more options. Same Day Finance Ltd connect you with some lenders direct or refer you to specialist mortgage advisers at NonBk Ltd – Non Bank Loans, Home Loans, Mortgages and Finance, who work with multiple lenders to arrange business and investment finance secured against residential, commercial or rural property.
What is Business Finance Secured Against Property?
Property secured business finance uses equity in:
- Your home
- Investment properties
- Commercial or rural property
- In some cases, land or development sites
- A guarantors property, however this would require independent legal advice.
It can be structured in different ways, including:
- First mortgages
- Second mortgages
- Top-ups / further advances on existing loans
- Short-term or bridging facilities
The loan is secured against the property, but the funds are used for your business or investment plans.
Common Uses of Property Secured Business Finance
Business owners and investors often use property backed funding to:
- Purchase or fit out business premises
- Buy equipment, vehicles or machinery
- Consolidate business debts into one facility
- Inject working capital into a growing business
- Fund deposits or equity for new investments
- Bridge timing gaps between buying and selling assets
Because the loan is secured by property, it may allow for:
- Larger loan amounts
- Interest only up to 24 months or principal and interest repayments over a long term
- More competitive pricing and structures compared with unsecured lending
Working with NonBk Ltd - Non Bank Loans, Home Loans, Mortgages and Finance
For property secured solutions, Same Day Finance Ltd works with NonBk Ltd – Non Bank Loans, Home Loans, Mortgages and Finance, a team of New Zealand financial advisers and mortgage brokers.
Key Points:
NonBk Ltd is not a lender.
Their advisers work with a wide range of banks and Non Bank lenders.
They specialise in:
- First mortgages
- Second mortgages
- Short-term and bridging loans
- Non Bank and specialist solutions for complex situations
- Loans for business and investment purposes secured against property
- Where you go when YOUR Bank says NO!
We collect your enquiry and, where appropriate, refer you to NonBk Ltd. Their licensed advisers then work directly with you to:
- Understand your goals and circumstances
- Explain available options from their lender panel
- Help you apply for a suitable loan if you choose to proceed
Any financial advice is provided by NonBk Ltd advisers, not by Same Day Finance Ltd.
Typical Features of Property Secured Business Loans
(Actual terms depend on the lender and your situation)
Loan Sizes
From tens of thousands up to several million dollars (subject to criteria and available equity)
Security
Residential, commercial or rural property
Terms
Can range from short-term (e.g. 6-24 months) through to longer-term facilities of 5-10 years or more in some instances.
Repayments
Interest-only or principal and interest, depending on purpose and lender
Use of Funds
Business or investment purposes, such as working capital, expansion, or property projects
The adviser and lender will explain all risks and obligations, including that your security property would be at risk if you cannot meet repayments.
Property Secured Business Finance FAQS
Do I have to use my family home as security?
Not necessarily, Security can sometimes be provided via investment or commercial properties, instead of or as well as your home. An adviser will explain what’s possible in your case.
Can I get a second mortgage for business purposes?
Yes. Many non-bank lenders offer second mortgage loans for business or investment use, secured against available equity. These are commonly arranged through specialist advisers like NonBk Ltd. Many lenders will not request consent to register a second mortgage from your existing first mortgage lender. This should be discussed with your solicitor.
What are the main risks of using property as security?
If you cannot meet your loan obligations, you risk enforcement action, which can include the forced sale of the secured property. It’s important to understand these risks and seek independent advice.
Do you provide financial advice?
Same Day Finance Ltd does not provide financial advice. Any regulated financial advice about property-secured lending will be given by licensed advisers at NonBk Ltd – Non Bank Loans, Home Loans, Mortgages and Finance, or by other advisers we refer you to. If you are dealing direct with a lender that you are introduced to by Same Day Finance Ltd you should also seek your own independent legal advice.