1300 6 LENDO
Smart Funding, Made Simple!
No Business Financials Required
No Impact on Your Current Home Loan
Same Day Loan Offer
Fast Approval & Settlement
All Industries Welcome
This will not impact your credit score.
Business Loans
Secured by Second
Mortgage
A Second
Mortgage is a loan secured against a property that already has an existing mortgage with
another credit provider, typically a bank.
Our
Second Mortgage business loans offer several key advantages, including:
•Borrow Up To 80% LVR. Access larger loan amounts beyond the
•restrictive lending limits imposed by banks.
•Maintain your existing mortgage without the need for
refinancing.
•No payments for 3 or 6 months (Prepaid Interest).
•No business financials required.
•Reduce costs compared to unsecured financing alternatives.
Company
Borrower
Offering
$ 50,000 -
$2,500,000
Loan Size
10.99
(Blended)
%
p.a.
Interest Rate from
12
months
Max Term
Why Do Business
Owners Choose Business Loans Secured by a Second Mortgage?
Many business
owners assume that refinancing their home loan is the most cost-effective option. However,
this approach may not always be suitable. A Second Mortgage offers a flexible and strategic
alternative, unlocking financial advantages that traditional refinancing cannot.
Key
Considerations:
•Limited trading history may restrict access to standard
financing •options.
•Profitability challenges can make it difficult to demonstrate
•serviceability.
•Incomplete or unavailable financial records may hinder loan
•approval.
•Lengthy processing times can delay access to much-needed funds.
•Personal debt lacks tax benefits available for business-related
•finance.
How a Second Mortgage Loan Can Support
Your Business
Second Mortgage
Finance provides tailored solutions to address various business challenges and opportunities,
including:
Unlock fast business funding with our streamlined process.
Get Your Business Funding Approved
In Just 24 Hours.
Our lending
policy is simple. If you have a business purpose for the loan and sufficient real estate
equity, we fund fast.
1
5 Minutes Application
Complete your obligation-free application today and
expect a prompt call from your dedicated Business Manager - they’ll verify your
requirements and grant conditional approval without delay.
2
Secure Your Offer
Get your Letter of Offer with clear loan details and
terms - fully transparent, no hidden surprises.
3
Your Business Gets Funded
Once your loan documents are executed and returned
to our lawyers, your business gets funded the same day.
Why Lendo Capital?
Welcome to Startup
No Credit Checks
No Complicated Paperwork
Bad Credit
Ok
Ok
No
Delays
Delays
lendocapital
Want to know more? Talk to us today!
How Can I Use a Second Mortgage for My Business?
A second mortgage can be a powerful financial tool for business owners, providing
access to capital by leveraging the equity in an existing property. Here are some common
ways you can use a second mortgage to support your business:
- Working Capital: Improve cash flow, cover operational expenses, or invest in business growth without disrupting daily operations.
- Expansion & Investment: Use funds to expand your business, purchase new equipment, hire staff, or enter new markets.
- Debt Consolidation: Streamline existing business debts by consolidating them into a single loan with potentially more favourable terms.
- Short-Term Financial Needs: Bridge gaps during slow revenue periods or fund urgent business opportunities.
- Property Acquisition: Secure additional business premises or commercial real estate investments using the loan.
Since a second mortgage is secured by property, lenders focus on factors
like equity, the property’s location, and your exit strategy for repaying the loan. It’s
important to ensure that your repayment plan aligns with your business goals and cash
flow.
What Is a Second Mortgage Business Loan?
A second mortgage business loan is a type of financing that allows business owners to
access additional capital by leveraging the equity in an existing property. This loan
sits behind the primary mortgage, meaning the first lender has priority in repayment if
the property is sold.
Businesses use second mortgages for various purposes, including improving
cash flow, funding expansion, purchasing equipment, or consolidating debts. Since the
loan is secured against property, lenders focus on factors such as available equity, the
type and location of the security, and the borrower's exit strategy for repaying the
loan.
Second mortgage lenders typically assess risk based on the property rather
than the borrower’s credit score, making this an alternative funding option for those
who may not qualify for traditional loans.
Are Second Mortgage Business Loans Interest-Only?
Interest-only second mortgages are available. Most second mortgage lenders offer two
repayment structures: capitalising the interest, where no repayments are required during
the loan term as interest is added to the principal, or interest-only repayments, where
borrowers pay only the interest without reducing the principal until the loan matures.
Can I Refinance Second Mortgage with Another Second Mortgage
Loan?
Yes, you can refinance an existing second mortgage with another second mortgage loan.
Our priority is always to secure the most suitable business loan option for our clients.
However, in some cases, refinancing an existing loan with another second mortgage at the
end of the term may be the most practical solution based on financial circumstances and
lending criteria.