About Us
Cash gets tight, suppliers push, and your bank moves slowly. At Wellington Second Mortgage Business Loans in Wellington, we arrange second mortgage business loans secured by property to cover working capital, bridge a refinance or settlement, buy stock, or clear a tax bill.
We are local and we’ve 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.
You get fast decisions from people who live and work in Wellington, with indicative answers within twenty four working hours when the documents are complete, and we answer the phone when you need clarity. We fund risk based and higher than bank pricing for three to twenty four months, usually six to twelve months, with early repayment allowed as set out in the loan agreement, and in strong cases total lending can reach about ninety percent loan to value with interest only or principal and interest choices and the option to capitalise interest.
We accept residential or commercial property as security, we don’t 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.
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
