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, bridging loans, shareholder buyouts, debt refinancing, construction completion, working capital and more.
The borrower required $500,000 as part payment for a shipment of stock worth several million dollars with daily holding costs in the tens of thousands. The client approached Quantum at 4pm on a Friday with a requirement for funds on Monday morning. The transaction was approved with first mortgage security, documented by special arrangement with solicitors over the weekend and funding was provided to meet the client’s deadline. The client refinanced the first mortgage with a bank two months later and settled the Quantum loan.