Simple, Fast
No finance repayments for 12 months !!
We get your customer's business moving
🔹 Fast Approvals + Settlements
🔹 No repayments for 12 months
🔹 No Financials or Bank Statements
🔹 1-Day ABN + GST is Okay
🔹 No Industry Restrictions
🔹 No Deposit Needed
🔹 Asset-Backed Customers Only
Welcome to Business Equity Tap Exclisive Private Funding Service !
We are assisting businesses with the following needs.
Construction
Highrise
High-end Luxury Apartments and Homes
Business Purchase both New Franchise or Established
• Beauty salons, Gyms, Franchise
• Cafés, Restaurants, Transport
• Manufacturing, Landscaping & more...
Business Asset Purchases
Older Assets - Trucks, Trailers, Dozer's, Planes, Trawlers
New fit for purpose purchases RAM Ute, AMG GL 63, Lamborgini Urus
CNC Lathe, Fitouts - Coffee Shop, Retail Shop, Salons, Restaurants
Cash Out to Payout
ATO Debt
Biz Cap - Loan
Creditors
Urgent Asset Repairs
Benefits
Construction
Specialist in achieving and settling
Longer Capitalised Interest Payment Terms up to 24 months
Existing 1st Mtgee removals
Additional security considered
Business Purchase
Don't start paying for 12months
No financials, No bank statements, No cashflow projections
Fast settlements
No Fixed Term
Business Asset Purchase
No Deposit required
No restrictions on Asset Type or Age Limits
Purchased asset remains unencumbered
Cash Out
Keep using the asset
Don't go insolvent
Immediate Working Capital
One man One focus
James is passionate about helping brokers, customers achieve their immediate financial goals such as purchasing a new or established business, new or used business asset, repairing an engine on a truck, trawler, plane, helicopter and has the expertise to get this done quickly.
James Salter
CEO
Frequently Asked Questions
Not a BackYard Job (Protection for Broker and Client).
Process, Pre-Approval, Compliance + and Procedure for 1st and 2nd Mortgages !
Process
ID - D.L. / Medicare / Passport or Birth Certificate
Current Rates Notice or Registration Certificate
Current Mortgage Statement.
Borrowing individual or company - must have above 2. and 3. people noted on the Rates Notice or Registration Certificate and Mortgage Statement .
Pre-Approval - Internal General Property Valuation less current Mortgage or Asset Valuation
75% on Residential (Subject to location)
70% on Commercial / Industrial (Subject to location)
70% of FLV (Forced Liquidation Value)on Assets
Term Sheet will be emailed to those 2. & 3. to be electronically signed and the Bank details to where a Commencement Fee is to be paid.
Simple confirmation form from the 1st Mortgage Holder confirming there are no other loans against the property or personal loans will be included.
Compliance
Zoom Call (recorded) with the above individual Party/ies - to explain the details of the contract.
Searches of the property and clients will be commenced including current Equifax to disclose any further funding enquiries for funding by the 1st Mortgage Holder.
Procedure
On completion of the Zoom Call with our Compliance Department.
Documents will be emailed to the clients chosen Solicitor to explain the Documents including the discretion of the extended period of interest only payments.
These procedures are married with Compliance to protect both Brokers and their Clients.
Process (1.-3.) and Procedure (a.-e.) for Business Asset Lending !
Complete enquiry form.
Provide a complete description plus photos of the Asset.
a. We do a valuation of the Asset
b. We provide you with the Pre-approval 'Term Sheet'.
You pay Processing Fee, App Fee, Legal/Doc Fee.
c. We do searches and the Solicitors prepare the loan doc's.
d. Loan doc's are issued for electronic signing.
e. Settlement.
Other Frequently asked Questions
Can I purchase any type of New or Established Business in any Industry with out Financials, Bank Statements or Cashflow Projections - yes
Who owns the asset purchased - the customer
What happens after the No monthly Repayment Term - your clients loan will automatically switch to interest only payments monthly in advance until you refinance them.
Can I refinance any time - yes
What if I have ATO debt - that's OK
What if I have unpaid defaults - that's OK, with a suitable explanation.
What if I am an ex-bankrupt - that's OK
Can I use the funds to payout existing loans inc. ATO debt yes
Can I refit my restaurant, gym, beauty saloon - yes
Can I purchase with out a valuation a 1990 Hino truck - yes.
Extended Services
Other than Realestate Property what other Assets can I use - boats, cars, planes, yellow goods, jewellery, industrial machinery..
What happens to the Asset - It is either stored safely or you pay to place a tracker on it.