About Us
Cash flow stalls or a time limited opportunity can hit when your bank is slow or at its limit in Wellington. We use second mortgage business loans to access equity in your residential or commercial property with short term funding, fast decisions, and a simple path handled by Wellington Second Mortgage Business Loans.
We are local and we have funded many small firms, so we speak plain language and we move fast while keeping the paperwork right. At Wellington Second Mortgage Business Loans we look at trading history, monthly turnover of at least twenty thousand dollars, and equity, not only a credit score, and we match loan size to time in business from about six months for smaller loans up to five years for the largest, so the structure fits and you aren’t stuck.
Loans range from 20,000 dollars to 500,000 dollars with the largest amounts linked to longer trading history, and typical terms run 6 to 12 months with options from 3 to 24 months if the deal needs it. Pricing is risk based and higher than bank lending, total lending can reach about 90 percent loan to value ratio in strong cases, repayments can be weekly, fortnightly, or monthly, interest may be interest only or principal and interest with the option to capitalise, early repayment is usually allowed under the contract, and fees are set out in the loan agreement.
Loans range from twenty thousand dollars to five hundred thousand dollars, terms run three to twenty four months with most second mortgages running six to twelve months, we take residential or commercial property as security but not rural or lifestyle blocks, pricing is risk based and higher than bank lending, and all costs such as application, valuation, and legal are set out in your agreement. Eligibility rises with loan size with at least six months trading for smaller loans up to five years for the maximum amount, at least twenty thousand dollars in monthly turnover, enough equity, and we can give an indicative approval within twenty four working hours once complete and correct documents are in, then we order valuation, work with your first mortgage holder on consent and priority, and settle.
Talk to our local team about second mortgage business loans Wellington. Call or message Wellington Second Mortgage Business Loans to get a quick quote and a clear path from approval to settlement.
Fast Approvals - $20k to $500k
