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Fortuna Capital will lend
short-term (under 12 months) for any business
purpose. We will generally lend unsecured from
$2,000 to $10,000, secured from $10,000 to
$50,000 and provide bridging finance for up to
$2milion (secured).
How does it
work?
Let’s say that you are a
frozen food supplier to a supermarket. Your
refrigeration breaks down over the holiday
period and you have a delivery to make in 2 days
to the supermarket. While you have insurance, it
will take at least 3 weeks for a claim to
processed and in the meantime, you need to
replace your ruined stock and fix the
refrigeration. Fortuna Capital will
lend you funds quickly, either as a line of
credit leasing facility, or as a short term
loan. If it’s a short term loan, you repay us
when your insurance claim is processed.
Or let’s say that your
business has sold its commercial office property
and the settlement date is 2 months away. You
have 10 staff and the business needs to move to
new rental accommodation. You need to pay a
lease deposit, provide a Bank Guarantee for
$70,000 to the Lessor and fit-out the new
office. In this case, Fortuna Capital
would fund the Bank Guarantee and lend the other
$50,000 to your business, secured against a
second mortgage on your commercial property.
For bridging loans where the
repayment is to come from sale of the security
property and where your regular cash flow won’t
support your borrowings, we can consider an
interest payment holiday (retention) for the
term of the loan. The interest retained is
invested in the borrower’s name in the Mortgage
Trust, with monthly withdrawals to meet interest
payments.
Contact us for a free business advisory session
Or for immediate access to our application form please type
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