Quantum Credit is a reputable Perth-based company offering mortgage-backed short-term business loans – as well as short term investment loans – to borrowers who require urgent funding for business investment or expansion. This includes for commercial property development, shareholder buyouts, debt refinancing, construction completion, working capital and more.
The client was awarded a substantial contract to supply goods to a large mining company but would only get paid on 120 day terms. The client needed to place an order with his suppliers on 30 day payment terms. His bank could not assess his loan facility and provide the increase in funding within the time frame required. Quantum provided a short term loan secured by second mortgage against the property of the business owner within a few days and were repaid on 120 days when the mining company paid the client.