Case Studies

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Short term loans can be a necessary tool for capitalising on business opportunities that arise suddenly or require financing within a short time frame. Hodgestone Finance assisted a client in northern NSW seize a business opportunity with the help of a short term loan.

The client had acquired a development site through an option that needed to be exercised within one week, otherwise they would lose the site and all the option payment they had made up to that point.

Hodgestone Finance successfully facilitated a short term funding solution secured against the purchase property, plus a caveat registered over an existing asset, thereby enabling the settlement to take place within a week.

The short term loan facilitated by Hodgestone Finance allowed the client to settle on the purchase property in time, so that they could continue their expansion and develop the site. Had it not been for the short term loan, the client would not have been able to seize the business opportunity, and would have lost the money they had already contributed.

Best Short Term Loans & Short Term Finance In Australia

Does Hodgestone Finance provide short term loans?

We’re very active in the Short Term Lending space, where we can facilitate settlements inside 1 week, with no valuation required. These loans are typically secured by a caveat on title, and we always ensure there’s a clear exit strategy in place as so we exit our client out as soon as possible, as the interest rate can be as high as 3% per month.

What types of short term finance options are out there?

Hodgestone Finance offers and can broker a wide range of short term finance options, including:

  1. Short term bank loans
  2. Private and 2nd tier short term lender finance
  3. Low doc & non-conforming short term finance options
  4. Bad credit short term loans
  5. Short term bridging and property loans

No Doc & Low Doc Short Term Loans

What is a low doc short term loan?

Low doc short term loans are the perfect short term options for people lacking the requisite documentation for a standard loan - i.e. tax returns and financial statements. Many loans require these documents as a way to assess your potential reliability in meeting repayments, as they provide a track record of your income.

Who needs a low doc short term loan?

There are a number of reasons people may not have the requisite documents for a standard loan and seek a low doc loan instead, including:

  1. Being self-employed
  2. Investors without a PAYG income
  3. Anyone who needs to self-certify their income

What documents do you need for a low doc short term loan?

For sole traders and investors, the two documents needed to secure a low doc short term are a Business Activity Statement and an accountant’s statement. To discuss low doc short term loan options, and to receive our comprehensive checklist for self-employed applicants, call Hodgestone Finance today.

Private Short Term Loans & Short Term Finance Brokers

What is a private short term finance broker?

A private short term finance broker is an intermediary between you and a private lender, someone with specialist knowledge of the short term loan market who can secure such a loan on your behalf.

Hodgestone Finance is an example of a broker specialising in short term loans, using our network of private lender contacts to secure the best finance for your particular situation.

Why use a short term finance broker?

There are a number of reasons a short term finance broker can be useful, including:

  1. Their specialist knowledge and established relationships in finance can help get you a better loan.
  2. They can also handle any other financial questions related to getting a loan, like researching your credit history and offering consultation on the type of loan you should get.
  3. By going through a broker, you save time and stress by outsourcing work to someone who really knows what they’re doing.

What are the benefits of a private short term loan?

While there’s a large range of short term loan options available when looking to 2nd tier banks - which a broker like Hodgestone Finance can also secure - it’s worth looking into a private lender for a number of reasons, including:

  1. They’re fast
  2. Often come with a simple qualification process
  3. They’re open to “non-conforming” applicants e.g. those with bad credit
  4. Can offer a level of flexibility that the banks don’t

Bad Credit Short Term Loans & Finance Options

Do I have bad credit? How do I know if I have bad credit?

‘Bad credit’ refers to any marks against your name in regards to your credit history. Often banks will look at this in order to assess whether you’re reliable as a borrower and likely to make your repayments. You may have bad credit if you’ve:

  1. Defaulted on repayments in a previous loan
  2. Had your assets liquidated
  3. Received court writs
  4. Gone bankrupt

To find out more about your current credit score, call Hodgestone Finance to speak to one of our advisors and brokers - we can find out where you sit and what loans are out there that would be a good fit for you.

What is a bad credit short term loan?

A bad credit short term loan is a short term loan specifically for people with a bad credit history. Often, these types of bad credit loans can be sourced through 2nd tier banks and private lenders.

Don’t let your bad credit stand in the way of securing the finance you need - with the help of an established broker like Hodgestone Finance, it’s possible to secure a competitive rate over a short-term period.

Short Term Loan Rates / Short Term Finance Rates

What short term rates does Hodgestone Finance offer?

To see our most up-to-date loan rates, look over to our current loan sidebar on your right or call up the Hodgestone team today.

Do short term loans use fixed or variable rates?

Due to the compressed repayment timeframe of short term loans, they will typically use fixed rates.

We also offer other financial services like development funding, mezzanine financing and building loans. Whatever your situation is, call Hodgestone Finance today to find out how we can help you.

Short Term Property Loans & Short Term Real Estate Loans

What are short term property loans?

The Finance Consultants at Hodgestone have extensive experience in sourcing and structuring Short Term Funding solutions that are tailored to each different situation, and our panel of lenders provide flexibility and very fast turnaround times.
We can arrange same day settlements, particularly if a previous valuation is available that is accepted by our Short Term Funders.

The key aspects to being approved for a short term loan include:

  1. Suitable security offered (i.e. Commercial or Residential property, suitable equipment including cars, boats and heavy machinery)
  2. The purpose of the loan MUST be for business purposes (i.e. no coded loans accepted)
  3. A clear Exit Strategy is evident

The Exit Strategy is paramount to obtaining approval of Short Term Funding. Acceptable Exit Strategies include:

  1. Refinance
  2. Sale of a property and / or equipment
  3. Verifiable future income (i.e. Debtors)

Disclaimer

Consulting and broking services provided by Hodgestone Finance do not constitute a guarantee on the loan itself when arranged with a third-party (whether bank or non-bank) and we do not accept responsibility for any failure for lenders to deliver on the outlined terms.

Confused about which Short Term Loan is right for you?


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