We strive to facilitate the best private caveat loans and second mortgage options that suit our clients needs. Caveat loans are fast settling loans that are predominately asset lend facilities. The paperwork that is required usually consists of proof of the current first mortgage debt, council and water rates, proof of business use of the funds and 100 points of Identification Verification.
Unsecured business loans through private lenders on the other hand usually only require 3-6 months of business bank statements, profit and loss and identity verification. Some private lenders will also require the borrower to be asset backed for larger loan amounts. Loan approvals are generally based on business fundamentals like cash flow, not based on the value of business assets.
