Quick answer
Business owners in Perth and regional Western Australia can borrow $20k to $5 million against residential or commercial property. In WA the loan can be secured quickly with a caveat on the title, leaving your bank loan in place. No valuation is needed before approval, and funds can be in your account in as little as 24 hours.
Key points
- Available across Perth, Mandurah, Bunbury and regional WA.
- Secured by a caveat in Western Australia, which is quick to lodge.
- Two hours behind the east coast? Enquire any time; the call comes in WA business hours.
- No valuation needed, and up to 6 months with no repayments.
- Loan amounts
- $20k to $5 million
- Security in WA
- Caveat, second or first mortgage
- Funding
- In as little as 24 hours
- Repayments
- None for up to 6 months
Western Australian businesses know all about long distances, long payment terms and big swings. A mining services contractor can win a contract worth millions and still be short on cash for the first three months. A tradie in the northern suburbs can be fully booked and still waiting 60 days to be paid. When the equity is sitting in property, a fast business loan can close the gap.
Caveat loans in Western Australia
In WA, a private business loan can be secured by lodging a caveat on the property’s title with Landgate. It records the lender’s interest without disturbing your existing mortgage. If the property has no loan on it, the business loan can be a first mortgage instead, and a caveat can later be converted to a registered second mortgage if that suits.
No valuation is needed before approval. That keeps the whole process fast. Read more about caveat loans.
Working across time zones
Perth is two or three hours behind the east coast, depending on the time of year. That doesn’t matter here. The enquiry form is open around the clock, and your lending manager works around WA business hours for the first call, the approval and the documents. Enquire at 9pm in Joondalup and it’s waiting first thing.
The process
- A 60-second enquiry. No credit check to enquire.
- A call from a lending manager, usually within 30 minutes in business hours.
- Conditional approval with photo ID, your council rates notice and latest mortgage statement, setting out every cost.
- Searches and loan agreements, once you sign the approval and return your documents.
- Funds in your account, in as little as 24 hours.
Where in WA we lend
- Perth metro: the CBD, Osborne Park, Malaga, Welshpool, Canning Vale, Midland, Joondalup and Fremantle
- Peel and the South West: Mandurah, Bunbury, Busselton and Margaret River
- Regional WA: Geraldton, Albany, Kalgoorlie-Boulder, Esperance, Karratha and Port Hedland
Homes, investment properties, industrial units, commercial buildings and rural property can be considered.
What WA businesses use fast loans for
- Mining and resources contractors funding equipment, wages and mobilisation for a new contract
- Trades and construction businesses bridging 30 to 90 day payment terms
- Transport operators replacing a prime mover or trailer that’s broken down
- Hospitality and tourism businesses in Perth and the South West preparing for peak season
- Any business with an ATO debt that needs to be cleared quickly
A WA example
A hydraulic hose and fittings supplier in Welshpool wins a supply agreement with a mine site operator in the Pilbara. Payment terms are 60 days, and the first order needs $650k of stock up front. The supplier’s cash flow lender offers $150k.
The owners have a warehouse in Welshpool with a bank loan on it, and plenty of equity behind it. A caveat loan funds the stock in full. There are no repayments for the first 6 months, and the loan is repaid early once the mine’s payments are flowing.
When equipment can’t wait
In WA, a broken excavator, a failed compressor or a truck off the road can stop a contract in its tracks, and remote sites make every day of downtime more expensive. Equipment finance can take time to arrange and may not cover used or specialised gear. A property-secured loan can fund the replacement outright, with the decision based on your equity rather than on the asset being bought. See our page on what to do when equipment breaks down.
Using commercial property in Perth
If your business owns its premises in Malaga, Osborne Park or Canning Vale, that commercial property can secure the loan, keeping the family home out of the deal. Properties held in a company or a family trust are common and not a problem; the directors or trustees sign the documents.
What your lending manager will ask
The first call covers five things: where the property is and roughly what it’s worth, what’s owed on it, how much you need, what it’s for and how it gets repaid. Have those answers ready and the conditional approval can follow quickly.
Terms in brief
- $20k to $5 million, for business purposes only
- Up to 6 months with no repayments, with interest added to the loan
- Repay early at any time, and extend without penalties if needed
- Past credit issues and ATO debt considered case by case
Get started
Have your council rates notice, latest mortgage statement and driver’s licence handy, and a few lines on what the money is for. Then send your enquiry. It takes about 60 seconds.
In another state? See Sydney and NSW, Melbourne and Victoria, Brisbane and Queensland, Adelaide and SA and Hobart and Tasmania.
Frequently asked questions
Are caveat loans available in Western Australia?
Yes. In WA a short-term business loan can be secured by lodging a caveat on the property's title. Your existing mortgage stays where it is.
Do you lend in regional WA?
Yes. Property in Mandurah, Bunbury, Busselton, Geraldton, Albany, Kalgoorlie and other regional centres can be considered.
Does the time difference slow things down?
Not really. You can enquire at any hour, and your lending manager works around WA business hours for calls and documents.
Can mining services businesses borrow against property?
Yes. Contractors and suppliers to the resources sector often use property-secured loans to bridge long payment terms or buy equipment for a new contract.
How quickly can funds arrive?
With documents ready, funds can be in your account in as little as 24 hours from signing.