NSW Mortgage Corp Blog

Tag: business loan Australia

Is a Second Mortgage Better Than a Business Loan?
Business Loans

Is a Second Mortgage Better Than a Business Loan?

There’s nothing wrong in shopping around and getting quotes from different sources. But, be sure that you are only making a no-credit-check inquiry. Otherwise, your future lenders will notice them on your credit file. They may interpret it as a desperate attempt to get as many loans as possible.

Entrepreneur Should Know About Caveat Loans
Business Loans

What Every Entrepreneur Should Know About Caveat Loans

The length of caveat loan typically ranges from 2 weeks to 3 years while waiting for the approval of a longer-term loan or a larger one. It is a short-term loan which is often called a “bridge loan” because it is interim financing for an individual or business until the next financing is arranged.