If you as somebody running a business, find yourself in a situation where you require money urgently, then the urgent caveat loan is the solution for you. This unique loan facility is extended to businessmen who can prove that they have some real estate asset they can show for against the loan they wish to take. They also have to show they are using the money for their business and can repay the same as per the exit strategy worked out.
Once you are able to fulfil the need for this loan you have taken, then you can repay the loan or wait till the exit date. You may even be able to roll over the loan if you wish to at that time.
A good feature about this loan is that you can avail of it even if your credit history is not very good. If you have a bad credit rating or a court judgement against you or even a Part 9 debt agreement, do not worry. As long as you have some real estate asset that you can show for against the loan you wish to take, you will qualify for the caveat loan. You only need to contact the right finance broker who will be able to help out.
As opposed to the normal finance options, that may be time consuming and may involve a lot of paperwork, the caveat loan gets disbursed quickly. It is a fast settlement type of loan that you can get within even 24 hours. As a business owner wanting some cash to quickly expand the business, such loans are very useful as it helps you take advantage of the market conditions in your favor and garner handsome returns.
Now just because you are using your real estate as a security against the loan, it does not mean you are mortgaging it. The name caveat loan comes from the fact that the lender is placing a caveat against the property so that you are not able to sell that property without repaying the loan you have taken. You are then free to use the same property to either take fresh caveat loans or go for other funding options.
Many borrowers who hold real estate assets make use of the same to take such caveat loans. They are able to get quick money and meet their cash requirements.
So, go for that urgent caveat loan now.
