About Us
Cash flow gaps hit fast when a supplier calls or a tax bill lands in Wellington. We solve it with second mortgage business loans that frees up equity in a residential or commercial property for three to twenty four months, most often six to twelve, from twenty thousand to five hundred thousand based on your trading history.
We are local and plain spoken, and our team at Wellington Second Mortgage Business Loans knows short term second mortgage funding for growing businesses in Wellington. 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 short term funding built for business moves, not long term debt. We fund from $20,000 to $500,000 with terms from three to twenty four months, most second mortgages run six to twelve months with extension possible, pricing is risk based and higher than bank rates because this is short term and higher risk, repayments can be interest only or principal and interest with weekly, fortnightly, or monthly schedules, interest can be capitalised in some cases, early repayment is usually allowed under the contract, and we expect minimum monthly turnover of $20,000 and trading history from six months for smaller loans up to five years for the largest loans.
We offer second mortgage business loans from 20,000 dollars to 500,000 dollars with terms from 3 to 24 months and typical second mortgage durations of 6 to 12 months, and we can move fast once we’ve full and correct documents. We take residential or commercial property in Wellington as security, we do not take rural or lifestyle blocks, we can consider total lending up to about a 90 percent loan to value ratio in strong cases, we set payments as interest only or principal and interest on a weekly, fortnightly, or monthly cycle, we can capitalise interest in some cases, we allow early repayment under the contract, and we look for minimum trading history that increases with loan size and a monthly turnover of at least 20,000 dollars while we consider credit scores but do not rely on them alone.
Talk with Wellington Second Mortgage Business Loans about second mortgage business loans Wellington and get a quick quote today. Send your recent bank statements, basic financials, and property details so we can give you a prompt view and move to settlement as soon as the legal work is complete.
Fast Approvals - $20k to $500k
