XCEDA Finance – Commercial Lending
XCEDA Finance provides commercial loans to Australian businesses, trusts, SMSFs and projects on flexible terms, secured by registered mortgages and caveats.
Our goal is to offer borrowers access to business finance with a fast, efficient and sensible lending approach.
XCEDA Finance offers funding solutions for:
- Property Finance: Bridging First and Second Mortgages, Caveats. For terms from 3 to 24 months.
- Business Finance: For a range of business needs including working capital, asset or stock purchases, property purchases, ATO debts, debt consolidation. For terms from 3 to 36 months.
In general, an indicative financing decision on funding can be made within 24-48 hours of the initial application from a borrower or broker. Providing all conditions of approval are met, funding can be issued within 5 Business Days.
*Xceda does not provide lending facilities to borrowers where such a loan would fall under the National Credit Code (NCC).
Pricing starting from
All pricing decided on case by case basis, rates below are indicative.
14.95%
for 2nd mortgage lending
15.95%
for GSA lending
Property lending
New property purchase— residential and commercial
Bridge mortgage lending
Caveat lending
Refinance transactions
Non-Resident/Expat loans
Business lending
Business asset purchases
Cashflow and working capital loans
Tax assistance
Revolving credit facilities
Debt consolidation
Property Finance
First Mortgage
• Max. Loan: $2,500,000
• Term: 6 – 36 months
• Security: See Property LVR guide below
• Can be used as security for any Business Loan
Second Mortgage
• Max. Loan: $350,000
• Term: 6 – 36 months
• Security: See Property LVR guide below
• Can be used as security for any Business Loan..
Caveat
• Max. Loan: $100,000
• Term: 6 – 24 months
• Security: See Property LVR guide below
• Can be used as security for a
Business 50 Loan
Business Finance
Business 50
• Max. Loan: $50,000
• Term: 6 – 24 months
• Security: Company GSA and Director PGs (i.e. no external security)
• Minimum trading for three years
• Loan Types: Fixed term or Revolving Credit Facility
Business 100
• Max. Loan: $100,000
• Term: 6 – 24 months
• Security: Property Caveat or Machinery, Plant, Equipment or Motor Vehicles
• Loan Types: Fixed term or Revolving Credit Facility
Business 500
• Max. Loan: $500,000
• Term: 6 – 48 months
• Security: Registered 1st or 2nd mortgage
• Property security
• Loan types: Fixed term
Features and requirements
- Interest Only and Capitalised Loans up to 12 months only, with defined exit
- Property Valuation
- Completed Application Form
- Directors’ Statement of Position
- Subject to Lender’s standard terms,
conditions and compliance requirements
Property Valuation
Features and requirements
- Amortising Principal + Interest loan
repayments preferred - Latest Company Financial Statements and
Management Accounts - Completed Application Form
- Directors’ Statement of Position
- Subject to Lender’s standard terms,
conditions and compliance requirements
Residential property (with dwelling)
| LOCATION | MAXIMUM LVR | MAXIMUM LOAN AMOUNT |
|---|---|---|
| All regions | 80% - First mortgage | $2,000,000 |
| 80% - Second mortgage | $350,000 | |
| 90% - Caveat | $100,000 |
Bare land
| LOCATION | MAXIMUM LVR | MAXIMUM LOAN AMOUNT |
|---|---|---|
| All regions | 70% - First mortgage | $750,000 |
| 70% - Second mortgage | $350,000 |
Commercial property
| LOCATION | MAXIMUM LVR | MAXIMUM LOAN AMOUNT |
|---|---|---|
| Main Cities | 80% - First mortgage | $1,250,000 |
| 80% - Second mortgage | $350,000 | |
|
Regional Centres |
65% - First mortgage | $1,250,000 |
| 65% - Second mortgage | $350,000 |
Max terms: 3 years for P+I / 12 months for interest only or capitalised interest loan