If your company is in administration or a restructuring plan, we can fund the contribution that gets it out, secured against property, before the creditors’ deadline.
When a company enters voluntary administration, a deed of company arrangement (DOCA) or a small business restructuring plan is often the way to keep it alive. Both need a lump sum paid to creditors by a set date, and a company in administration cannot borrow it from a bank.
We fund that contribution with a loan secured by a first or second mortgage over property, usually property the directors own. Interest is added to the loan so the business is not carrying a repayment while it recovers, and the loan is repaid from trading, a refinance or a sale once the deed is complete and the company is trading normally again.
We lend Australia-wide, with most of our loans secured in metropolitan New South Wales, Victoria and Queensland.
Creditors have voted, the contribution is set, and the deadline is fixed.
The plan needs an upfront payment the business cannot fund from cash flow.
There is equity in property that can secure the loan while the company is not bankable.
We are not a replacement for your bank. We are the lender you use when the bank’s timeframe or template does not fit the situation, and the loan is written to hand you back to the bank when it does. Rates are indicative and subject to valuation, due diligence and formal approval.
| Feature | Verified Capital | A bank |
|---|---|---|
| Decision | Indicative terms within 24 hours | Weeks, often months |
| Assessed on | The property, the purpose and the exit | Financials, trading history and lending policy |
| Borrowers | SMEs, companies, trusts and investors | Consumers and businesses |
| Loan term | 1 to 24 months | Long term |
| Paperwork | Short, specific to the deal | Full application and ongoing covenants |
| Who you deal with | The people who assess, approve and fund | Relationship managers and a credit committee |
| Rates and fees | Every rate and fee set out upfront in the letter of offer | Lower rate if the business qualifies |
Tell us about the property, the amount you need, the purpose and how the loan will be repaid. Your broker can submit on your behalf.
If the scenario fits, we issue a letter of offer within 24 hours with every rate and fee set out upfront.
We instruct an independent valuation and complete our credit and title checks.
Our solicitors prepare the documents and we settle on your timeframe, then stay your point of contact through to repayment.
2nd mortgageSettledA services business in administration needed to fund a DOCA contribution and working capital to trade out. The directors’ industrial unit had equity behind a bank loan they wanted to keep. Repaid from trading and a bank refinance once the deed completed.
Send us the details and we will come back to you within 24 hours.
Contact us