A caveat loan is a secured loan that uses the borrower's property as collateral.
This means that borrowers can borrow up to 100% of the value of their property, even if they have bad credit or no collateral.
Maybe you don't have fancy collateral, your credit history isn't perfect, or you're just starting.
Here are the burning questions on every small business owner's mind who are looking for a loan:
First off, paperwork. Who's got time for that?
Tax forms, financial papers, business plans – ugh!
“How can we get a loan without drowning in all that paper?”
Emergencies pop up, cash flow gets tight, fantastic opportunities knock – but they can't wait.
“How do we get quick cash when we need it?”
And, oh, credit scores. Sometimes, they're not in our favour.
“How do we qualify for a loan with bad credit or no credit history?”
Lastly, finding a loan that doesn't drain our pockets.
We want reasonable interest rates, easy repayment terms, and minimal fees.
“Where do we find that kind of loan?”
A recent Australian Small Business and Family Enterprise Ombudsman survey found that 42% of small businesses face these financial roadblocks.
High interest rates (27%), lack of collateral (23%), and complicated applications (18%) are the culprits.
But here's the good news: 58% of businesses have found their solution – alternative finance options like caveat loans.
They offer quick approvals (52%), flexible requirements (47%), and larger loan amounts (42%).
So, if you're feeling trapped, caveat loans could be the answer you've been searching for.
Simple, quick, and tailored for small businesses like yours.😲
| Suitable For |
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| Pre-approval Time | 1 to 2 hours |
| Settlement Time | 3 to 5 days |
| Loan Term | 1 month - 36 months (including term extension) |
| Flexible Repayment | We can design a repayment plan that fits your cash flow. This can be a periodical repayment (e.g. monthly), a lump sum payment or a combination of your choosing. To ease your commitment and allow maximum flexibility, a loan term extension may be available. |
| Indicative Loan Amount | $100,000+ |
| Asset Eligibility Criteria | Real estate property (mortgaged OK) |
| Financial Statement | Optional |
| Dedicated Account Manager | Yes |
| Tax Deductible | Yes |
| Interest Rate | Our interest rate is as low as 1.50% per month. We are very confident that our rate is one of the lowest in the market, if you do find a lower rate, let us know, and we will try to beat it. |
| Save Interest |
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Imagine you want to borrow money for your business but need to offer something valuable as a guarantee.
That's where caveat loans come in.
These loans are like a safety net for the lender.
You use your property as collateral, and the lender places a legal notice, called a caveat, on your property title.
This notice warns everyone that the lender has a stake in your property.
To get a caveat loan, you must own a property with some value (equity).
The lender will check how much your property is worth and how much debt you have on it.
If everything checks out, they'll put the caveat in place, which means you can only sell or refinance your property once you've paid the loan.
It's a quick way to get cash for your business needs.
But there's a flip side.
If you can't repay the loan as agreed, you risk losing your property, and your credit score could take a hit.
So, caveat loans can be a lifesaver for your business, but make sure you're absolutely sure you can pay it back on time before you dive in.
Let's debunk the misunderstandings surrounding caveat loans, shedding light on the truth behind these often misunderstood financial solutions.
This is not true, as caveat loans are legitimate and regulated financing in Australia.
Caveat loans are governed by the National Consumer Credit Protection Act 2009, which sets out the rules and obligations for lenders and borrowers.
This is not true, as caveat loans can be used by any business that needs quick and easy access to capital for various purposes, such as:
Caveat loans can also help businesses improve credit scores by repaying their debts on time.
This is not true, as caveat loans do not affect your ownership or control over your property.
You can still use, sell, or lease your property as long as you repay the loan on time and in full.
The caveat only gives the lender the right to sell the property if you default on the loan, which is a rare and extreme scenario.
This is not true, as caveat loans have transparent and upfront charges disclosed to the borrower before signing the loan contract.
The charges may include application, origination, service, late payment, or early repayment fees.
The borrower can also compare lenders and loan options to find the best deal.
This is not true, as other assets, such as equipment, vehicles, or inventory, can secure caveat loans.
However, the asset must have sufficient equity and value to cover the loan amount and interest.
This is not true, as caveat loans can also be used for long-term purposes, such as business expansion, debt consolidation, or investment.
However, the borrower must have a clear plan and strategy to repay the loan within the agreed-upon.
This is not true, as caveat loans and second mortgages have different features and implications.
A second mortgage is a loan that is secured by a property that already has a first mortgage on it.
A second mortgage requires the consent of the first mortgage lender and usually has a longer repayment term and lower interest rate than a caveat loan.
A caveat loan is secured by a property that may or may not have a mortgage.
A caveat loan does not require the consent of any other lender and usually has a shorter repayment term and higher interest rate than a second mortgage.
This is not true, as caveat loans can also be offered by traditional banks, financial institutions, private lenders, and brokers.
However, online lenders may have faster approval times, lower interest rates, and more flexible terms than other lenders.
This is not true, as caveat loans can also be used by businesses with healthy cash flow who need a quick capital injection for various purposes, such as expanding, investing, or consolidating debts.
However, caveat loans are not suitable for businesses with long-term or ongoing cash flow problems, as they may struggle to repay the loan within the short term.
This is not true, as caveat loans and bridging loans have different purposes and features.
A bridging loan is a loan that is used to bridge the gap between the purchase of a new property and the sale of an existing property.
A bridging loan usually has a longer repayment term and a lower interest rate than a caveat loan.
A caveat loan is used to access cash quickly for any purpose using property or equipment as collateral.
A caveat loan usually has a shorter repayment term and a higher interest rate than a bridging loan.
This is not true, as caveat loans usually require less documentation than traditional loans.
You can use alternative documents, such as an income declaration, Business Activity Statements (BAS), and bank statements.
This is not true, as some lenders offer caveat loans without extensive credit checks.
You can qualify even if you have a bad credit score or no credit history as long as you have equity in your property that you can use as collateral.
This is not true, as the interest rate of a caveat loan can vary depending on the lender, the borrower's creditworthiness, the loan amount, the loan term, and the security.
Some lenders may offer lower interest rates and fees than others, especially online lenders.
Now that you understand what a caveat loan is and have cleared up common misconceptions about this funding option, you might think, 'Could this be the solution my business needs?'
So, the next natural question is, 'Where can I find a fast caveat loan in Australia?'
Allow us to introduce you to Max Funding—a trusted online lender specialising in lightning-fast caveat loans.
Discover a streamlined process designed for speed and efficiency, ensuring swift approvals, minimal paperwork, and same-day fund transfers.
Empower your business with hassle-free financial solutions tailored to your needs.
Max Funding offers lightning-fast Caveat loans designed for your convenience.
With our streamlined application process, you'll breeze through with minimal documentation, securing approval within minutes.
Plus, forget about credit checks – we're here to support your business regardless of your credit history.
Our same-day fund transfer ensures your business gets the boost it needs when you need it.
And that's not all!
Collaborate with our expert financial advisors, who provide a FREE assessment of your funding needs, ensuring you make the best financial choices for your business's success.
Trust Max Funding to be your reliable partner in achieving your business goals!
Start by completing a straightforward online application form on the Max Funding website.
Provide basic information about your business and the amount you need.
The application is designed to be quick and hassle-free.
Unlike traditional loans, Max Funding's Caveat Loans require minimal documentation.
You won't be buried under piles of paperwork.
This speeds up the process significantly.
Once your application is submitted, our team swiftly reviews it.
Thanks to our efficient process, approvals are often granted within minutes.
You'll receive a response promptly, eliminating the long waiting times associated with traditional bank loans.
Max Funding understands that your business may face challenges, including imperfect credit history.
That's why we offer Caveat Loans without performing intrusive credit checks.
Your loan approval isn't solely based on your credit score.
Upon approval, the funds are transferred to your business account on the same day.
This speed is crucial, especially when you need urgent financial support to seize opportunities, cover unexpected expenses, or bridge cash flow gaps.
Max Funding goes the extra mile by offering a free financial assessment.
You can work closely with our experienced financial advisors.
They will evaluate your funding needs, ensuring you make well-informed decisions about your business finances.
Max Funding is not just another finance company; we're your business's best buddy!
We've already helped businesses like yours with $142,546,168 in funding.
Yep, you read that right!
But here's the cool part – we're not just about the numbers. We've helped over 8,596 businesses under our wing, spanning 131 industries.
When you hop on board, you get your personal financial advisor.
This advisor's got your back from your first question to getting the funds and way beyond.
Need to chat? No worries!
You'll have their direct number and email, making your life much easier.
We're not just friendly lending specialists but enthusiastic about helping your business grow.
we're proudly Aussie-owned, supporting local businesses like yours.
Oh, and did we mention our soft spot for charities?
We're all about giving back to causes like the National Breast Cancer Foundation, the National Heart Foundation of Australia, and Kiva.
We're not just blowing our own horn, either.
Top publications like The Sydney Morning Herald, The Australian Financial Review, and Finder have featured us.
Are you worried about your credit history?
Fret not! Max Funding offers pre-approval with no credit checks, ensuring a stress-free application process.
Need substantial funding?
Borrow up to 100% of your property value, combining it with your business resources for that extra boost.
Are you tired of lengthy forms?
Complete our online application in minutes, sparing you the hassle while we process your request efficiently.
Unlike other lenders, we offer flexible repayment options.
There are no lump-sum burdens here – choose instalment payments that suit your business cash flow.
We simplify your financial landscape by allowing you to consolidate your other loans with us hassle-free, streamlining your repayment process.
Our customers have given us 5-star ratings across the board.
Check out our reviews; 619 happy folks on Reviews.io can't be wrong!
“Max Funding's Fast Caveat Loan brought sparkle to Artistry and Alchemy! We expanded our artisanal crafts line, creating exquisite jewellery pieces. The seamless process and support empowered our creativity, boosting our business in the handcrafted jewellery industry. A heartfelt thanks to Max Funding for making dreams come true!”
“Max Funding's Fast Caveat Loan fortified CyberGuard Solutions! With their lightning-fast approval, we enhanced our cybersecurity services, ensuring top-notch protection for businesses. Max Funding proved to be our reliable partner in the ever-evolving cybersecurity industry, enabling us to safeguard clients efficiently. Highly recommended for cybersecurity businesses seeking growth!”
In need of an urgent answer? We got it! Max Funding understands that time is money, and we can give you a pre-approval decision on your caveat loan application in just five minutes.
To apply for a caveat loan, simply fill out our pre-approval application to see whether you’re eligible. After your application has been approved, verification is done and contract is signed , funds can be transferred to you as fast as 24 hours.
An early repayment charge is a fee imposed by the lender if a loan is paid off before the scheduled term date.
Here at Max Funding, we value ourselves in being transparent with our clients. With our services, there are no hidden fees, and all charges are clearly laid out. There are no early repayment charges, if you’re able to pay off your loan early, you’ll save interest instead!
Did the banks find something on your credit file? Don't worry! If you have a bad credit history and wish to apply for funding, we have the perfect solution to your problem. With our short-term caveat loans, we ensure that our repayment schedules are flexible and is tailored to your budget.
Max Funding caters its services to businesses of all sizes and believes in giving out second chances. Max Funding is more than happy to consider providing caveat loans to those with bad credit history, at a preferred structure that will best serve the business’s needs.
Max Funding can lend up to 100% of the property’s value.* Mortgaged amount, property type, business and other factors may affect approved LVR*. Please contact us for details.
The caveat lending amount is calculated based on the value of the property less all the mortgage owing, multiplied by a certain percentage. The percentage will depend on the final verification.
All contracts are prepared by the specialised legal team that has extensive experience in this field. The contract will cover areas such as the loan amount, interest rate and repayment terms.
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