Short Term Loans

1. Fast approval turnaround
2. Available for people with bad credit
3. Flexible loan terms
4. No valuation required

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

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.

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

How do you find a good short term loan?

Depending on your needs, you may be looking for loans that have:

1. Fast approval turnaround
2. Available for people with bad credit
3. Flexible loan terms

These are all qualities that you can find with short terms available from Hodgestone Finance - call us today to speak about finding the best short term loan possible. We’re the name for short term loans Sydney, Melbourne, Brisbane and wider Australia can count on for leading short term finance options.

What are the advantages of short term finance loans?

The advantage of short term loan finance is that, rather than signing for a lengthy contract, you can have a quick turnaround from loan approval to final repayment. Usually for lower amounts of money, they’re great for bridging periods between paychecks or if you’re lacking liquid funds for a couple months.

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 - we’re the competitive name in short term finance Sydney, Melbourne and wider Australia can rely on.

Do short term loans use fixed or variable rates?

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

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)