Royal Finance Secured Business Loan

How does the Royal Finance Secured Business Loan work?

You are able to apply for this secured business loan through Royal Finance's website. The loan terms are short, and their standard loan term ranges from to . However, it's able to extend this if necessary.

You are able to borrow a minimum of and a maximum of . However, this depends on your business' prosperity and the amount your property is worth. You are able to borrow up to 80% of your property's value.

Once you have been approved, you can expect to have the funds in your account within one business day.

Features of the Royal Finance Secured Business Loan

Some of the features with this business loan include:

• It is secured. This product requires an asset that you can put forward as security. The asset can include residential property.
• You must have a business. Your business has to have been trading for six months before you are eligible to apply.
• Short loan terms. The loan terms available start from and end at . Extensions can be applied as per your request.
• Large borrowing amount. You are able to borrow a minimum of and a maximum of with Royal Finance. This large borrowing amount ensures that no matter how large your business goals are, you are able access the capital for them.
• Competitive rates. There are rates that start from less than 1% per month. Your own rate will be determined for your loan term once you have been approved.
• Up to 80% LVR. Seeing as you have to secure your property against this loan, you are able to borrow up to 80% of its value in order to fund your business dreams.
• No credit checks. As this loan and your ability to pay it back is assessed on your current financial situation, which includes your business' stability and the amount your property is worth, your credit history is irrelevant.
• 24-hour turnaround. If you need immediate finance for your business, you are able to have the funds in your nominated bank account within 24 hours from application assessment and approval.

How much does the loan cost?

Some of the fees you can expect to pay with this loan include:

• A monthly fee. This varies on the amount that you borrow.
• An establishment fee. This fee is charged once you have been approved for the loan and will also vary on the amount you need to borrow.

There are no transaction fees associated with this loan. You will know more about extra costs this loan charges once Royal Finance has assessed your needs and approved your borrowing amount.

How to apply for the Royal Finance Secured Business Loan

The application process is straightforward. Simply click on "Go to Site" and ensure you meet the following:

• You need to own a business. The business that you own must have been trading for at least six months and have a high cash flow of $10,000 or more.
• You need to own a house or some other form of property that can be used as an asset for security for this loan.

Some of the documents you need to provide include:

• Proof you own the asset that you are using as security.
• Your ABN and where you lease the business so there is proof that it exists.

You need not worry about your credit score. Approval for financing is based on your current financial situation, your business' assets and turnover rather than your credit history.

Competitive rates and short terms make this business loan a consideration for your business needs. Compare other loans to ensure this product is right for you.

Comparison of other business loans

Whilst we don't directly compare Royal Finance Secured Business Loan, compare other business loans offering similar features.

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Scotpac Line of Credit		$50,000	$500,000	Up to 2 years	3% for facilities up to $200,000, or 2% for facilities above $200,000.		Go to siteView details Compare product selection Compare	loading
8.8 Great Prospa Unsecured Business Loan	8.8 Great	$5,000	$150,000	3 months to 5 years	3% origination fee		An unsecured business loan available up to $150,000 that can be funded in 1 business day. You must provide 6 months of trading history, 3 months history of existing business purchases and have a turnover of $6,000+ per month.	Go to siteView details Compare product selection Compare	loading
8.9 Great Prospa Secured Business Loan	8.9 Great	$150,000	$500,000	3 months to 5 years	3% origination fee		A secured business loan available up to $500,000 that can be funded in 1 business day. Your business must have a turnover of at least $6,000 per month and you must provide 6 months of trading history and 3 months history for existing business purchases.	Go to siteView details Compare product selection Compare	loading
6.2 Standard ScotPac Invoice Finance	6.2 Standard	$200,000	$200,000,000	1 to 2 years	Establishment fee 1% of the limit		Improve your business cash flow by financing your outstanding invoices. No minimum trading history required, but minimum 12 - month term and $200,000 in invoices.	Go to siteView details Compare product selection Compare	loading
9 Excellent People First Bank Business Variable Rate Loan	9 Excellent	$50,000	$1,000,000	1 to 25 years	$600 (loans up to $80,000) & 0.75% of loan (loans greater than $80,000)		A variable rate business loan from as low as $50,000 with the option to pay interest only for up to 25 years, no extra repayment fees, and no ongoing monthly fees.	ContinueView details Compare product selection Compare	loading
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5.4 Standard Macquarie Bank Business Overdraft	5.4 Standard	$500,000	No maximum amount	Up to 5 years	based on how much you borrow		A business loan that allows you to make scheduled repayments, making it an ideal financing solution for business growth and development	ContinueView details Compare product selection Compare	loading
6.3 Standard OptiPay Invoice Finance	6.3 Standard	$100,000	$10,000,000	Up to 1 year	$0		Note: Tim Finance is rebrand as Optipay. Finance your unpaid invoices and receive your funds in 24 hours. Up to 90% of invoice is paid upfront. Note: Must have $1 million or more in annual revenue.	ContinueView details Compare product selection Compare	loading
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6.3 Standard Octet Invoice Finance	6.3 Standard	$100,000	$10,000,000	1 month to 2 years	No Set Amount		Convert up to 85% of your company's receivables into cash flow. The value of your receivables need to be worth at least $250,000 to be eligible.	ContinueView details Compare product selection Compare	loading
7.6 Great Great Southern Bank Business+ Unsecured Loan	7.6 Great	$20,000	$50,000	1 to 3 years	$495		ContinueView details Compare product selection Compare	loading
6.2 Standard Zool Capital Business Loan	6.2 Standard	$25,000	$2,000,000	6 months to 4 years			Apply for a loan from $25,000 to $2,000,000 Repayments are made in monthly instalments over a period of to 4 years.	ContinueView details Compare product selection Compare	loading
7.2 Great Shift Business Overdraft	7.2 Great	$10,000	$1,000,000	1 month to 5 years	$0		A business overdraft that links to your business transaction account so you can pay your costs with confidence.	ContinueView details Compare product selection Compare	loading
7.7 Great Key Factors Selective Invoice Finance	7.7 Great	$0	$3,000,000		$0		Get access to funds in 4 hours. Pay as you use with no minimum, up to 80% advance on invoices, no lock-in contract and transparent fees. Note: Must have annual sales turnover between $500,000 and $30 million.	ContinueView details Compare product selection Compare	loading
6.8 Standard Central West CU Business Loans	6.8 Standard	$11.70	No maximum amount				A business loan with no annual or administrative fees.	ContinueView details Compare product selection Compare	loading

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Frequently asked questions

• What is a secured business loan from Royal Finance?

  A secured business loan from Royal Finance uses real estate as security, typically via a caveat or a second mortgage. This allows them to provide fast, short-term funding to businesses that may not qualify for traditional bank loans due to credit history or lack of documentation.

• How quickly can Royal Finance provide funds?

  The primary benefit is speed. Because they use a streamlined process and focus on the value of the security property, Royal Finance can often settle loans within 24 to 72 hours. This is ideal for urgent needs like covering a cash flow gap or seizing a time-sensitive opportunity.

• What can I use a Royal Finance loan for?

  The funds can be used for any legitimate business purpose. Common uses include paying urgent ATO tax debts, purchasing inventory, funding a property development deposit, or covering unexpected operational expenses.

• Are the interest rates for these loans high?

  Yes, interest rates for short-term secured loans are higher than standard bank mortgages to compensate for the higher risk and fast turnaround. Rates are typically quoted monthly (e.g., 1-2% per month), and these loans are best used as a short-term bridging solution.

• What is the 'exit strategy' for this type of loan?

  The exit strategy is how you plan to repay the loan. This is a critical part of the application. Common strategies include refinancing to a cheaper, long-term bank loan, selling the security property, or using the proceeds from an upcoming large project or sale.