No payments for up to 3 months
You can take an Equity Tap loan from 1 month, right through to 12 months. Best of all we can prepay the interest during the first 3 months.
- No valuations or financials
- Loans up to 12 months
- Funding from $50k up to $5m*
- LVR up to 75%
- 1 hour approval
- 24 hour settlement
- No repayments until maturity^
- Repay early or extend the loan FEE FREE
- No hidden fees or charges
Simple online process
It's quick, easy and secure. All designed to make your life easier.
- 2-minute application
- Same day approval
- Funding in 24 hours
- No financials or valuations required
- Aussie customer service
- Tax debts and poor credit score Ok
When would I need Equity Tap?
When you have an unexpected business opportunity & you need funds to seize the day.
When you need to settle on a property right away, but your bank finance has fallen through.
When you're selling real estate, but you urgently need the proceeds of the sale right NOW.
When your Bank approval is taking too long, and you need the funds by tomorrow!
Apply For Private Business Finance To Manage Your Daily Expenses
Many business owners are confused about how to acquire business finance for their company. The owners get stressed when they are just starting or want to expand or grow their company. Mostly, it is tricky and not always easy to get hold of Australian business finance if the company does not have any equity or many years of operational history. Equity Tap offers various options for business finance. We have designed all our products keeping the small business owners in mind and helping them pass through the tough spots.
Being one of the leading private business lenders, we have assisted countless business owners by providing business funding for their company. Raising sufficient funds is essential for any strategic plan for business growth. A company can require a lump sum of funds to invest in an expansion or support the working capital. Business finance assists the borrower with:
- Marketing and advertising
- Renovations
- Wages payment
- Updating the IT Equipment
- Buying brand new machinery and equipment
- Purchasing bulk stock amount
- Covering the gaps in the invoices
How Much Business Finance is Necessary For Your Company?
The first thing you have to consider before submitting your online loan application is to know much capital you will require for your business. You can get an idea of the total funds necessary in the following ways.
Startup Business
If you have set up a new business, add up all the costs like equipment, inventory, and contributions, including your own, accounting, rent, shop fit-out, and legal.
Cash Flow
If you are applying for a loan for cash flow problems, implement the forecasts to identify the shortfalls. Equity Tap offers a readymade cash flow template to the borrowers for this purpose.
Buying An Asset
While buying an asset, check out the contract copy for the purchase price. It will give you a clear idea of the total private business finance you need for smooth company operations.
By adding all the above costs and checking out the total capital, you will know how much fund you have to apply for the Equity Tap. To reduce financial stress, if you feel an enormous fund can simplify the situation, go for it.
Different Types of Business Funding Available in Equity Tap
Equity Tap is primarily known for offering 2 types of Australian business finance to customers. Either a 1st mortgage or a 2nd motgage, or sometimes a blend of both. These loans are sometimes known as caveat loans.
The Beauty of Debt Finance Compared to Equity Finance.
It is a loan type that you have to repay to the lender with an interest rate within a specific time. The common types of debt finances include mortgages, equipment leasing and hire purchases, secured and unsecured loans, credit cards and overdrafts. In this type of funding, the borrower will have complete control over their business and do not have to answer to the lender for any decision.
The borrower has to make timely repayments, and there is no necessity of sharing the business profit with the lender. Some loan charges and interest fees can be tax deductible. So consult Equity Tap and discuss your situation.
New business owners find it tough to get approval for the funding without appropriate financial projections or records and a comprehensive business strategy.
Startup companies often encounter capital shortages, making repayments difficult. Thats where an Equity Tap 1st or 2nd Mortgage is perfect because we can offer No Payments for up to 3 months.
Eligibility And Requirements For Business Funding
Several factors can impact the loan approval eligibility criteria of a borrower, including:
Business Experience And History
The trading experience and history of a company help Equity Tap to know the company’s sustainability.
The Capability of Loan Repayment
We vert relaxed and easy to deal with, but we are a responsible lender and will only lend to business owners who have a clear plan on how they can repay the loan..
Spending Plan
The most important question is why you would apply for private business finance. You should submit the details of the loan amount you want to borrow, ideal loan term, and the Exit Strategy to the Equity Tap.
Collateral or Security
Offering real estate collateral provides us with assurance and lowers the risk of loan default, and almost avoids the need to full financials to be provided. The borrower can offer land, units, houses, commercial property as security for supporting the loan application.
Getting Australian business finance comes down to understanding different alternatives and matching them according to your company objectives. Equity Tap offers a plethora of options customized according to the borrowers’ current financial situation. We know what is necessary for success and then suggest the products accordingly.
See if you're eligible
All types of business owners can Equity Tap!
- Sole Traders
- Partnerships
- Companies
- Property Purchases*
- Have sufficient equity in real estate
- Have a company or ABN
- Be an Australian Citizen or Permanent resident over the age of 18
- Be borrowing against a property in Australia or New Zealand
- Have a government ID, such as a passport or drivers licence
We lend in most metro and non-metro postcodes in every state and territory in Australia, and right across New Zealand. However we can’t lend in some remote areas, on huge acreages, on workings farms, or where the population or recent property sales are very low.
- A rates notice for each property
- Photo ID for each person on title
- A recent Mortgage Statement
- A certified copy of the Trust Deed
- A copy of the Contract of Sale
- Evidence of paid deposit
- Evidence of remaining funds to complete purchase
- If residential, property must be purchased in a company name
Equity Tap Loan fees
- From 1.99%pm
- Interest is Pre-Paid for up to 3 months, so you don’t have to pay a cent during the first 3 months of the loan term
- This fee starts from $2,500, and is calculated as a percentage of the total loan amount + standard legal costs.
- These costs are capitalised into the loan, so you don’t need to pay them up front.
NIL – because we do not do valuations. Ever!
All included in the legal fees.
Complete our online application to find out what fees may apply to your unique scenario.
Don’t worry – it doesn’t cost anything to apply, and we do not do a credit check on application.
Our team are here to help.
Weekdays 9.00am – 5.30pm AEDT
1300 123 024
Simply APPLY ONLINE and we will immediately commence work on your loan.