Unsecured finance may be fast and does not require property, but can carry higher pricing and frequent repayments. Property secured finance requires suitable equity and legal security, yet may provide a larger amount, a lower cost structure and less immediate cash flow pressure.
Start with these steps
- Compare total cost, not only the headline rate.
- Map the repayment frequency against real cash receipts.
- Understand the property security and default consequences.
- Choose a term that matches the expected repayment event.
When short term business funding may help
Property secured business finance may be relevant when there is a defined need, sufficient equity and a realistic event that will repay the facility. Examples include an incoming refinance, contracted property sale, major debtor receipt, asset sale or time limited commercial opportunity.
Equity Tap considers business facilities from $50,000 to $5 million for terms from one to twelve months. The loan must be for business purposes and secured by acceptable Australian real estate.
Questions to ask before borrowing
- What exact problem or opportunity will the funds address?
- What happens if the expected exit is delayed?
- What is the full cost including interest, establishment and legal costs?
- Is the amount borrowed proportionate to the benefit?
- Have appropriate legal, tax, accounting or insolvency advisers been consulted?
Talk to Equity Tap without judgement
Financial pressure can make business owners delay difficult conversations. Our role is to understand the facts and give you a clear lending answer. We will explain if the scenario fits and what information is needed next.
This guide is general information only and is not legal, tax, financial or insolvency advice.