Funding to stabilise and turn a business around, secured against property and structured around the recovery rather than last year’s numbers.
A business in trouble is rarely a bad business. A lost contract, a bad debt, a slow season or a dispute can put the accounts underwater long enough for the bank to withdraw, and once it has, the recovery stalls for want of capital.
Turnaround finance is a property-secured loan sized to what the recovery needs: paying out pressing creditors, funding a restructure, covering a cash gap while new work comes on, or replacing a facility the bank has called. Interest is added to the loan so the business is not servicing debt while it rebuilds, and the exit is a refinance back to the bank or a sale once the business is stable.
We lend Australia-wide, with most of our loans secured in metropolitan New South Wales, Victoria and Queensland.
You need to pay it out or replace it before the business can move.
New management, a restructure or a pivot that will work if it is funded.
A defined event knocked the numbers and the underlying trade is sound.
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.
1st mortgageSettledA mining services contractor lost its main client and its bank called the facility. New contracts were signed but needed six months of cash flow to ramp up. Secured against the company’s workshop and repaid from a bank refinance after two quarters of trading.
Send us the details and we will come back to you within 24 hours.
Contact us