Caveat Loans
Loan Terms from 1 to 12 months
Super Fast Approvals
Use your real estate as equity
Receive funds within 24 hours
Loan Amounts Between $20k to $2m
Caveat Loans from TradieCash are one of the best loan options for tradies and tradespeople
A business owner who is pressed for time cannot go through the lengthy process of applying for a loan and getting it approved. Traditional banks even reject many businesses for trivial and irrational reasons. TradieCash understands the difficulties business owners face in obtaining funding approval on a daily basis. In order to get caveat funding faster and easier, we have implemented a simple process.
By getting a caveat loan, the borrower can structure the finances according to their needs. Our loans range from 20,000 dollars to 5,000,000 dollars and are settled in less than two days.
Benefits of a Caveat Loan
Caveat loans from Tradie Cash offer swift and secure financial solutions tailored to the unique needs of tradespeople. With the ease of short-term borrowing, here’s why a caveat loan could be the right choice for your business:
- Immediate Liquidity: Unlock immediate funds to manage cash flow or capitalise on time-sensitive opportunities.
- Short-Term Flexibility: Enjoy the freedom of a short-term financial commitment, allowing you to focus on your current projects without long-term debt pressures.
- Minimal Paperwork: Benefit from a streamlined application process, saving you time and hassle.
- Leverage Property Equity: Use the untapped equity in your property to secure funds, without the need to sell or refinance.
Caveat loans from Tradie Cash are crafted to give your business a competitive edge with rapid, flexible funding.
What is a Caveat Loan?
A caveat loan is a short term loan for business use that a borrower can get and secure using available equity in real estate. This works great if you have one or more properties with sufficient equity so that you can utilise the real estate you currently have and use those funds to grow your business without selling the property/ies.
What counts as sufficient equity?
A great example of a sufficient equity would be:
You currently have a property worth $1,000,000. You only owe $200,000 on the property e.g your mortgage. You now have $800,000 in equity that can be used. TradieCash can lend up to 75% of that $800,000. Doing the math on the net equity ($800,000) you can now borrow up to $600,000.