Entrepreneurs are often placed in a unique position where they have to balance the present with the future. With a focus on both short and long term prospects, small to medium enterprises (SMEs) can carve out a niche for themselves in the market that can sustain operations for years to come. 

Growth forms a key component of the foundation needed to enjoy long term success in business. However, many entrepreneurs may face challenges when looking to scale a business. These challenges can range from cash flow issues to an inability to access traditional methods of financing. 

Rather than letting opportunities pass by, entrepreneurs can access alternative methods of financing. With Briqwise, we champion viable solutions such as property-backed loans to ensure that your business has an avenue to fuel growth both now and in the future. Prioritising a quick and transparent process, we offer customisable solutions that help you scale your business. 

The Power of Property-Backed Loans for SMEs 

Property-backed loans are a financial solution designed for individuals and businesses who might not meet traditional lending criteria. Utilising real estate as a form of collateral in order to minimise the risk to the lender, a property-backed loan is a way to secure fast and flexible financing.

Characterised as being flexible and fast to secure, a property-backed loan leverages the equity in a property you already own. This helps everyone from property developers and small business owners to investors and renovators. All of whom have traditionally found trouble securing funding from more traditional lending institutions such as banks. 

For SMEs, property-backed loans are an attractive proposition with benefits ranging from fast access to funds and flexible lending criteria to customisable solutions and no upfront fees. These benefits work together to provide SMEs with the exact funding they need, exactly when they need it most. 

Another key characteristic of property-backed loans is the fact that SMEs can access larger portions of capital without diluting their ownership. By retaining full equity in the business endeavour, entrepreneurs can implement the best solution possible, both in the short and long term. 

How Briqwise Facilitates Business Growth

When obtaining property-backed growth to help scale a business, it’s imperative that entrepreneurs move quickly. By accessing the funds needed to scale quickly and efficiently, opportunities can be harnessed when and where they become available. Importantly, work can also start straight away, maximising the time needed to transform an SME. 

With Briqwise, our processes have been designed with elements of efficiency in mind. Featuring automated systems that expedite the review process, we strive to respond to all requests within a matter of days.

By prioritising speed, we mobilise quickly to ensure you have the answers you need. This means that you won’t need to wait and potentially miss out on purchasing land or business-critical equipment at a great deal. 

Our easy-to-use platform and fast approval process is further complemented by our inherent flexibility. We work to tailor each solution so that entrepreneurs can find the best outcome for their business needs. 

With an ability to structure everything from the loan amount and the repayment terms to the interest rate implemented on a case by case basis, Briqwise finds solutions that suit the specific cash flow requirements of every business. This is true whether you’re looking to scale operations in the manufacturing, retail or services sectors. 

Key Considerations for SMEs Looking to Use Property as Collateral 

For SMEs looking to utilise property-backed loans to facilitate growth, it’s important to take into consideration a few key points. Firstly, property-backed loans will require lenders such as Briqwise to conduct a property valuation. This is because property valuations help us determine the loan to value (LVR) ratio. 

Put simply, the LVR compares the amount you are looking to borrow with the value of the property you will be borrowing against. A lower LVR will help to secure more favourable interest rates and better loan structures such as repayment terms and loan life cycle. 

To help ensure a favourable valuation, it’s important to have selected a property with high collateral value. When it comes to selecting such a property, factor in elements such as location, property condition and potential for appreciation. By taking into account these factors, you are laying the foundation needed to select an inherently valuable property.

When looking to obtain a property-backed loan it’s also important to consider the structure of the loan and how it aligns with your long-term business goals and plans for growth. By having a general idea of the repayment periods you need to meet and how they might impact future plans, you are better placed to manage cash flow and the debt flow without hindering your flexibility for future growth. 

Applying for a property-backed loan with Briqwise

In the modern operating landscape, property-backed loans are emerging as attractive solutions for SMEs looking to finance opportunities to scale. With flexibility at the forefront of this financing option, business owners and entrepreneurs who are often overlooked by traditional loan institutions have access to a viable and effective solution to facilitate growth.

At Briqwise, we offer property-backed loans to SMEs and entrepreneurs who are looking to finance their next opportunity. With streamlined and effective processes, we can quickly assess and approve your project, all of which moves you one step closer to efficiently securing funding. 

Our platform is filled with options for financing, no matter what industry you operate within. With helpful features such as a loan calculator and educational blog content, we have the answers to your questions. If you’re ready to start the application process, contact a Briqwise advisor today.

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