All you need to know about caveat loans.

A caveat business loan is a short-term financial solution to your business, generally offered for a maximum of 24 months. A caveat loan is when a credit has been placed against the value of your property’s equity; the loan itself refers to the funds received, the caveat refers to what is lodged against the title of ownership on your home.

“Caveat loans are great for businesses, and used more often than some might think. They are a fast source for funds that are generally used to manage cash flow or purchase a property,” informs David Hill, Director of Simply Funds.

Caveat loans require no credit check majority of the time. “If you need cash and have equity in a property, we can arrange the caveat loan for you,” says David Hill.

Find out more about why caveat loans in Australia are safe and secure.

How is a caveat loan secured?

A caveat loan is secured by lodging a document onto the title of the property. Placing the caveat grants government ownership record and secures the title of the real estate so that the lender is also registered.

A caveat loan is secured by using an existing property as security against the finance. During this time, the property can’t be sold, nor can the property be used to secure any other finance. The interest is released once the caveat loan is repaid.

Here at Simply Funds, we can arrange a private caveat loan with an Loan to Value Ratio (LVR) up to 70-75%. What does this mean? You can borrow up to what the property is valued at, not only 50% of the value.

How do I apply for a caveat business loan?

We’ve made applying for a caveat business loan simple. Here’s why:

  • It’s a simple application form
  • Your application is assessed within minutes
  • It’s settled within hours

Using our online form, simply fill in your details and we will assess your application to get the funds you need quickly.

“We usually secure a caveat business loan and are able to get the funds within 24-48 hours,” says David Hill.

Get in contact with us today about applying for a fast caveat business loan on 1300 614 791.

5 reasons why caveat loans are a good option

Caveat loans are a great option for businesses, they have a number of features that make them appealing, including:

  1. Caveat loans are fast
    The turnaround from application to settlement is often completed within a few days.
  2. Minimal paperwork
    There is minimal documentation and paperwork required to secure a caveat loan compared to other loans.
  3. Flexibility
    You can negotiate the period of your caveat loan anywhere from one month to three years duration.
  4. Capitalise on business opportunities
    The fast funds from a caveat loan open the door to numerous business opportunities, resulting in the opportunity outweighing the cost of the funding.
  5. Done with ease
    Once the loan is repaid, the caveat against your property is lifted with ease.

For more information on how to secure a caveat loan, read our article ‘How to Secure Fast Caveat Loans’.

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A Bizcap provides both Unsecured and Secured loans to Small Business Owners. When assessing a loan application Bizcap generally doesn't take into consideration if a prospective customer has specific assets to provide as security. However:
(a) if the loan amount is above $30,000 (or any other figure which Bizcap determines from time to time), Bizcap will, under the loan agreement take a charge. For a corporate borrower and any corporate guarantor, the charge is over all of that entity's present and after-acquired property (that is. the security is not over specific assets but any and all assets which the entity may have). For a sole trader borrower and any individual guarantor, the charge is over its current and future real property; and
(b) in certain instances, for example, where the loan relative to the cash flow of the borrower is of a size that warrants the provision of security over specific assets. Bizcap may require specific security to be granted over those assets. Bizcop may register its security interest(s) under relevant legislation, including the Personal Properties Securities Register and the register held under the Real Property Act 1900 (NSW) or Its equivalent.
I n addition. Bizcap may take personal guarantees from directors of corporate borrowers, directors of corporate guarantors and certain individuals. No registrations are made in respect of guarantees.