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This is a caveat business loan, that allows you to borrow between $25,000 up to $200,000. To secure this loan, you will have to provide your property as an asset. Terms are short, and range from 1 month up to 1 year. When you apply, your application will be considered by one of Blue Streak’s panel lenders. Your property will also be valued and a caveat will be registered on your property. This means that the lender has a legal claim to the property until the caveat is resolve i.e. your loan repaid in full. Interest rates are high and start from 14.95% p.a. for companies and 18.95% for ABN holders. A full fee structure is provided in the loan offer. You will also have to pay upfront for the valuation of your asset, whether or not your application is approved.
upon application
Upfront Fee
$200,000
Max. Loan Amount
1 month to 1 year
Loan Term
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Product Name | Blue Streak Business Caveat Loan |
---|---|
Min. Loan Amount | $25,000 |
Max. Loan Amount | $200,000 |
Loan Security | Secured |
Upfront Fee | upon application |
Loan Term | 1 month to 1 year |
When you apply for a Blue Streak Business Caveat Loan, you can request a proposed loan amount between $25,000 and $200,000 and a loan term between 1 month to 1 year. You'll be sent an application form to get the process started, and a valuation will be conducted on your property. Interest rates start from 14.95% p.a. for companies and 18.95% p.a. for Australian Business Number (ABN) holders.
Your loan will be introduced to one of Blue Streak's panel lenders for consideration. Following the valuation and approval from the panel lender, a caveat will be registered on your property and the loan funds will be drawn down. The whole process can take as little as 24 hours from the initial enquiry to loan funds in your account.
When you take out a caveat business loan from Blue Streak, you can expect the following features:
When comparing business loans, it's important to be fully aware of the fees, charges and interest rates that can apply to the loan. Consider the following when applying for the Blue Streak Business Caveat Loan:
Before applying, read through the eligibility criteria and understand the documents you may be asked to supply during the application process.
Eligibility criteria for a Blue Streak Business Caveat Loan:
Documents that may be required during the application process:
When you're ready to apply for a caveat loan from Blue Streak, the first step is to click "Go to Site" on this page and fill in a short online form. From there, a representative from Blue Streak will contact you within 3 business hours to discuss your individual loan requirements in more detail. You'll be provided with an application form for you to complete and return, while Blue Streak arranges for a valuation on your proposed security property.
While the valuation is taking place, your application will be forwarded to a member of Blue Streak's panel of lenders, who will draw up a letter of offer. Once everything is signed and approved, the full amount of the loan will be in your bank account in as little as 24 hours after your first contact.
A caveat business loan from Blue Streak is a business funding option with a fast turnaround time for Australian companies and ABN holders. Before deciding if this loan is right for you, take the time to compare business loans to make sure you're getting the best deal.