IBF

• Short-term loans up to $2,000,000
• Low-interest starting from 48%
• Repayment up to 6 months

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Let IBF help regain control over your finances

If you can afford to wait and you have a proven track record of your income, cash flow and profit, then you might be able to qualify for an overdraft facility or a business loan.

They believe you should choose them when you need a short-term business loan because:

• They settle caveat loans in as little as 24 hours
• They aim to get you the money as quickly as possible and draw up the contracts within 2 hours and keep your broker in the loop every step in the 24-hour process.
• Innovative practises. They use the latest technology that allows them to clear the funds in 2 working hours and pay the money directly into your nominated bank account.
• They are the lender. They don’t need to borrow on your behalf as they are not the middle man and you get funded directly by them.

Secured short-term loans explained

Borrow anything from $20,000 to $2,000,000 and chose to pay it back over 1 – 6 months. You will not need to pay back the loan during the loan term and your interest and fees are capitalised for the duration of the short-term loan term.

Your property acts as collateral to secure the loan so your credit score is irrelevant and won’t be considered. You won’t need to supply any financial statements that mean that even if you don’t have a proven business record you will still be able to apply. This means that startup businesses, builders, developers and even businesses that are struggling will be able to apply.

How does it work?

To apply for a short-term business loan is very simple.

1. Complete the online loan application form in mere minutes.
2. E-mail them a copy of your Rates Notice and Mortgage statement for the property that you are listed as collateral against your loan.
3. You will be contacted within 2 hours and given an outcome on your application. If you have been approved, they will send you a Conditional Letter of Offer.
4. Sign the Conditional Letter of Offer. They advise you to contact your lawyer to make sure that you have legal protection when entering into any agreement. Your lawyer can be a witness to you signing the contract and certify your 100 points of identification.

Once this process is complete. Send them the signed documents and they will log the caveat then transfer the funds directly into your nominated bank account.

Can you pay back the loan early?

If your business is able to pay the emergency loan back early, they won’t charge you any penalty fees or charge you any extra charges. When you pay back the loan they will calculate the interest that needs to be paid back and you will only be responsible for paying back that amount. Interest for any unused months will be rebated off the loan amount.

Contact them

To contact them, please call them on 1300 863 711 (9 am to 7 pm seven days a week) or use their contact them form that is on the website and they will call you back.