FAQs
How much can I borrow?
As long as you have enough equity in a property - we can lend as much as you need. Our minimum lend is $50,000.
How quickly can I get the funds?
We can settle within days, as long as you get all the required paperwork to us. Usual settlement timing is 1 week.
How long are the loans for?
Loans normally are for 3-12 months. Most customers are looking for a quick solution to a particular funding problem - and then look for longer term refinancing options.
How long are the loans for?
Loans normally are for 3-12 months. Most customers are looking for a quick solution to a particular funding problem - and then look for longer term refinancing options.
How much equity do I need in my property?
We normally lend to 70% of the value of the property - assuming it is a metro area property.
Do you lend in all areas of Australia?
The majority of our lending is in metro areas of Sydney, Melbourne, Brisbane and Perth - however, we will lend in other areas, but lending criteria may be less that metro areas.
Do you lend on Commercial property and Land?
Yes we lend on both.
Do I need a Pty Ltd business and ABN to borrow funds?
Yes. This is essential. We can only lend to Pty Ltd businesses with an ABN.
Do I need up to date financials for the business?
Yes, we will need this information. However, the funds lent are primarily based on the equity in your property.
Can I use a family members property as security for the loan?
Yes you can, however we need to ensure that the family member obtains a direct benefit from the loan. This normally means that the family member who has the property is also a shareholder in the company.
Do you do 1st and 2nd mortgages?
Yes we do both. So if you have a property with no current mortgage - then we can lend a 1st mortgage on this, or if you have a current mortgage, we would lend a 2nd mortgage.
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FAQs
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FAQs
Call for a free consultation 02 8915 6250
As long as you’ve got a Pty Ltd Company and property to be used as security, we’ll be able to get you funded and settled in less than 48 hours.
Even when business is going great, sometimes you might find yourself in need of extra funding for things like:
But getting finance for a business through the banks can be difficult, which is where Simply Funds comes in. Our professional staff are here to help you, 24/7.
Check If I Qualify For A Loan
When you need funds quickly, there’s nothing worse than having to go through the long, painful process of bank applications and financial approvals. Even then, many solid businesses still won’t get approved (and often for the silliest of reasons).
If you have a Pty Ltd business and have property with equity that’s available for use as security, we could be able to help even if the others can’t.
Simply Funds makes the application process really easy, getting you the finance you need as quickly as possible.
Step 1
Enter your details below and the amount you’re after so we can get started.
Step 2
Talk with us about your requirements and provide us with your Assets & Liabilities information.
Step 3
We’ll put together an Estimated Loan Summary for you to review, with all of the total costs and charges itemised.
Step 4
We will carry out our due diligence including desktop valuations.
*We don't require formal valuations like most other lenders.
Step 5
Loan documents will get drawn up and sent to your solicitor (for signing in their presence).
Step 6
Loan is settled and you’ll have the funds you need.
Step 1
Enter your details below and the amount you’re after so we can get started.
Step 2
Talk with us about your requirements and provide us with your Assets & Liabilities information.
Step 4
We will carry out our due diligence including desktop valuations.
*We don't require formal valuations like most other lenders.
Step 6
Loan is settled and you’ll have the funds you need.
Step 3
We’ll put together an Estimated Loan Summary for you to review, with all of the total costs and charges itemised.
Step 5
Loan documents will get drawn up and sent to your solicitor (for signing in their presence).
Simply Funds makes the application process really easy, getting you the finance you need as quickly as possible.
1st Mortgages
Commercial loan to your business as a 1st mortgage on your property. Normally paying out the current 1st mortgage, or on a property with no current mortgage
2nd Mortgages
Commercial loan to
your business as a 2nd mortgage on the remaining equity after the primary mortgage on your property
Caveat Loan
A registered caveat provides a very quick form of security so that we can fund you within hours. This is used in very urgent funding cases
Developer Funds
For development project loans, we can lend up to 70% of costs if you have pre-sold the development. And interest rates per annum range from 9.95% to 12%
Generally, we lend against Residential or Commercial real estate that has sufficient equity available (usually up to 70% LVR [Loan to value ratio]). We can also lend against rural properties and land, but LVR's are lower
Getting finance for a business can be difficult, which is where Simply Funds comes in. Our professional staff are here to help you, 24/7.
If you’re a finance broker, we can expand your available loan options with professionally sourced and managed finance deals for commercial clients. Don’t turn them away or send them through the normal banking process, just talk with us.
Enquire now
David Hill – Director
If you are making contact with Simply Funds, then it’s likely you will be speaking initially with David. David will help assess your situation and provide the best funding solution as quickly as possible. He always has the customer’s needs in mind when proposing a solution from the select group of brokers and business lenders vetted by Simply Funds.
Daniela Bendazzoli – Client Manager
Once you have confirmed you will be working with Simply Funds, your main contact to commence the process will be with Dani. She will ensure that you clearly understand what you need to provide, and if you have any further questions – provide clear advice on what to expect. She takes real pride in ensuring all clients are satisfied with their Simply Funds experience.
We’ll assess your application fast and get you an answer (and the funds you need) quickly. Simply select the amount you're looking to borrow, click on the button below and fill out the form. Our friendly team will respond to your enquiry as soon as possible.
How much do you want to borrow:
Simply Funds operates an online information service that seeks to introduce Australian businesses to potential funders. Simply Funds does not provide any credit, financial products, or financial advice – either to individuals or businesses.
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