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Home Loans for Business Owners

Use the extra equity in your residential property to fund your business

Fast set up – conditional approval in as little as 48 hours

Tailored and personalised solutions – we look for a way to say yes when others can’t

Add on Invoice Finance, Trade Finance or Asset Finance to receive a discounted home loan rate*

What you need to know about home loans for business owners

A Home Loan for Business Owners is a flexible way to unlock the value of your residential property and turn it into cash to fund your business. You can get the funding you need to get your ideas off the ground and grow your business with cost-effective property secured financing. 

It’s more straightforward than a traditional mortgage with fast approvals and tailored funding solutions. With limited paperwork and supporting documents required, you don’t have to jump through any hoops to get a cash injection for your business. 

Add on Invoice Finance, Trade Finance or Asset Finance to receive a discounted home loan rate*

Benefits for your Business

  • Fast set up – conditional approval in as little as 48 hours
  • Tailored and personalised solutions – we look for a way to say yes when others can’t
  • Terms of up to 30 years available with options to redraw or make extra repayments

Easy refinance options

Flexibility on documentation requirements

Use your residential security for future business borrowing

ScotPac, take a bow. You should know that you helped us keep 15 to 25 people in work over a 30-year period.
Keiran Wilson - Former owner, Specialty Doors
ScotPac, take a bow. You should know that you helped us keep 15 to 25 people in work over a 30-year period.
Keiran Wilson - Former owner, Specialty Doors

Why ScotPac?

We've been around for over 30 years, lending exclusively to SMEs. We uncover the hidden value in your business assets and make them work for you.
Real Relationships Partner with us for the long term, with a local relationship team and direct access to decision makers.
Unlocking Growth We’re growth enablers, unlocking the potential in your business. Our customers grow at more than 3 times the average business.
Flexible Finance We find a way to say “yes”. We’re with you through the good times and bad, always adapting your business needs.
Unlocking Growth We’re growth enablers, unlocking the potential in your business. Our customers grow at more than 3 times the average business.
Flexible Finance We find a way to say “yes”. We’re with you through the good times and bad, always adapting your business needs.
Real Relationships Partner with us for the long term, with a local relationship team and direct access to decision makers.

Who does Home Loans
for Business Owners suit?

Enquire Now

For business owners looking to raise funding for a new home or refinance their residential property. Home Loans for Business Owners allows you to take advantage of the value in your property while retaining ownership.

You must be an Australian business owner or self-employed individual (sole trader) who has held an Australian Business Number (ABN) for at least 12 months and is purchasing or refinancing residential property.

For more information about how we can help your business, fill out an enquiry form or call us today.

WHAT ARE THE REPAYMENT TERMS?

A Home Loan for Business Owners is much more flexible than traditional bank financing. We’re able to provide funding when other lenders say “no” and tailor a solution to your cash flow needs.

You have the choice of repayment frequency – weekly, fortnightly, or monthly, with options of principal and interest or interest-only for up to 5 years.

WHAT TERMS ARE AVAILABLE?

Loan terms are available from 5 – 30 years. (5 years interest-only reverting to principal and interest after the initial period)

CAN I MAKE EXTRA REPAYMENTS?

Yes, you can make extra repayments to pay off your loan faster.

 

HOW MUCH CAN I BORROW?

The amount you can borrow is based on the percentage of equity you own in your home. Terms can vary depending on your business financial situation, the property, and other factors. Generally, the maximum you will be able to borrow is 80% of the equity you own in your residential property.

WHAT IS EQUITY?

Equity is the share of your property that you own. For example, if your home is valued at $700,000, and the amount remaining on your mortgage is $200,000, your equity in the property is $500,000.

As you make mortgage repayments, you increase your equity share by paying off the amount you borrowed from your mortgage provider. Your equity share can also increase if the value of your property increases.

IS A HOME LOAN FOR BUSINESS OWNERS A SECURED LOAN?

A home loan for business owners is a secured loan that uses the equity in your residential property as collateral. Small business owners and self-employed people can release equity tied-up in residential property to fund business growth.

HOW MUCH EQUITY DO I OWN?

You can get a rough estimate of the value of your home by seeing how much similar properties in the area have sold for recently. However, arranging for a real estate agent to value your property can provide a more accurate estimate. 

Many agents will provide professional advice and estimates as a free service to encourage homeowners to use them when they decide to sell. 

The next step is to simply subtract the outstanding mortgage amount from the property’s estimated value. This will show how much equity you own in your home.

IS IT A GOOD IDEA TO USE HOME EQUITY TO FUND MY BUSINESS?

Business owner home loans are a cost-effective way for company directors, sole traders, and small business owners to secure long-term financing and take advantage of low-interest rates. 

A home loan is an excellent way to raise capital to grow your business. You can fund your business while maintaining ownership of your property.

DOES A BUSINESS HOME LOAN REQUIRE AN APPRAISAL?

We’ll need to review your financial statements and determine the value of your home to calculate the available equity. If your property has been recently appraised, we may be able to use that information in your home loan application. We may need to visit your property to conduct a valuation in some cases. 

Home Loans for Business Owners involve much less paperwork than a traditional bank loan, and we can approve funds in as little as 48 hours

Call us to discuss how we can help
finance your business 0864 245 605

SPPF Pty Ltd Australian Credit License 539333 Servicer of Loans made by ScotPac Property Finance Pty Ltd. This information is current at 1st March 2023 and is for general information purposes only. It has been prepared without considering your objectives, financial situation or needs. Please refer to the product terms and conditions at scotpac.com.au.