SIMPLE AND FAST TAILOR-MADE SOLUTIONS – SECURE FINANCING
WITHIN 2-4 BUSINESS DAYS
SECURED BUSINESS LOANS UP TO 85% LTV OF YOUR HOME
(Services provided in BC and Ontario Only)
Sunlite Mortgage’s Secured Business Loans program offers secured financing solutions specifically designed for small businesses in BC and Ontario. The loans are collateralized using real estate, with a lien placed on the property.
In this program, the assessment of eligibility is based on two factors: business revenues and the business owner’s equity in personal real estate. By leveraging the equity in their real estate, business owners can access capital at lower interest rates compared to unsecured business financing options.
The terms of our program are as follows:
- Loans Up to 85% LTV
- Rates at 9.99% – 19.99%
- Amount: $25,000 – $250,00
- Term: 6 months – 5 years
- Blended Interest and Principal Payments ( daily, weekly, bi-weekly, Monthly )
- No Penalties for early Payout
Our program stands out in the industry as one of the most popular and unique options available. We have the ability to underwrite loans up to 85% loan-to-value (LTV) of a business owner’s home throughout Canada, excluding Quebec and Saskatchewan.
This high LTV percentage enables us to provide business owners with additional capital by placing charges on their real estate. Repayment of the loan is then facilitated through their business.
Once the client secures financing, they have the flexibility to choose fixed payments over a predetermined term. The payment frequency can be daily, weekly, bi-weekly, or monthly, depending on the specific needs and structure of their business.
Sunlite Mortgage understands the importance of flexibility for business owners, and therefore, we do not impose any prior conditions on the usage of funds. This means you can use the financing to expand your business according to your own vision and goals. Additionally, we encourage early repayment by eliminating any associated penalties or costs.
We pride ourselves on our extensive experience in assisting clients with low credit scores who may have faced challenges accessing financing through conventional banking channels.
Secured Business Loans are a popular choice for various purposes, including debt consolidation, business growth, or working capital.
If you have any further questions or would like more information, please don’t hesitate to ask. We’re here to help!
