Prime Finance is a professional lending company designed to help people quickly sort out their short term business/residential problems, caveat loans, 1st & 2nd mortgages. We also specialise in short term commercial loans, 1-12 months, up to 80% LVR with 3 day settlement.
Short Term Loan Rates
Prime is providing the latest and best available rates – 1% per month for all your options, no hidden costs.
Brokers, why get your clients to pay 3-5% per month, or higher. Responsible lending laws still apply to short term loans. NCCP requires brokers to find the best loan product for their clients.
Pro: Increased Cash Flow
One of the biggest reasons business owners apply for a short-term loan is the quick access they can get to working capital. If you are currently experiencing cash flow problems, this can provide your business some much-needed relief.
Pro: Access to Opportunities
Any small business owner knows that the biggest opportunities come at the most unpredictable times. If you’re faced with a major opportunity for growth, but didn’t have enough warning to prepare financially, gaining access to capital could make all the difference for your business.
A short-term loan can help you grab onto an unprecedented opportunity that you wouldn’t be able to otherwise. If the opportunity is one that’s going to generate more revenue for your business, that will put you in a good position to be able to pay the loan back in a timely manner.
When to Go After a Short-Term Loan
While there are plenty of situations where a short-term loan just doesn’t make sense, there are also plenty of others where one is the best option. By first assessing your level of risk, you can determine whether it’s a good bet for your business. If you know you can and will pay back your short-term loan on time or are going after a revenue-generating opportunity, a short-term loan may just be the right move.
Let Prime help you sort your clients’ short term finances today on residential, commercial or industrial properties.