A $1 million business loan: what it takes to fund seven figures fast

A million-dollar business loan sounds like it should take months. For a bank financing a new building on full financials, it often does. But for property-backed business funding with a clear purpose and a clean title, up to $5m is possible within 24–48 hours once the file is complete. The difference comes down to preparation.

Owners borrow seven figures for purchases that can’t wait: buying the building they lease before someone else does, settling on a business acquisition, clearing a large ATO debt before enforcement action, or funding the first months of a large contract.

How lenders look at a $1 million loan

Question	What they check	Why it matters
Is the security sound?	Valuation, location, property type, title	It’s the main protection for the lender
Is there enough equity?	Value minus existing loans	Decides how much can be lent
What’s the money for?	Contract, quote, sale agreement, ATO statement	A clear purpose speeds approval
How does it end?	Sale, refinance, trading income	Short-term lenders need a credible exit
Who’s involved?	Every owner, director, trustee	All must sign, and all are checked

First or second mortgage?

If the property has no loan on it, or you’re willing to refinance the existing loan, a first mortgage is usually simplest and can support the largest amounts. If you want to keep an existing home loan or commercial loan in place, a second mortgage sits behind it, which needs the first lender’s position to be clear and sometimes their consent.

For very short needs with a firm exit, a caveat loan can be quicker still, though it usually suits smaller amounts and shorter terms.

The steps that set the timeline

1. Valuation. Standard properties in major centres can be valued quickly. Rural, specialised or development properties take longer.
2. Title and ownership. Properties in personal names are quickest. Trusts and companies need extra documents.
3. Existing lenders. Payout figures or consents from current lenders can take a day or more.
4. Signing. Every owner and director signs. Electronic signing and identity checks help a lot.
5. Settlement. Once documents are in, funds can be released.

The funding speed finder estimates where you’ll land.

An illustrative example

A Gold Coast medical practice has leased its building for eight years. The landlord decides to sell and gives the practice first option to buy, with ten days to exchange and a short settlement. The partners need about $1 million on top of their deposit. Their own homes have strong equity and the practice’s income is steady. A first mortgage over the building plus a second mortgage over one partner’s home is arranged, valuations are fast-tracked and the purchase settles on time. Later, they refinance to a longer-term commercial loan.

Planning the exit

For a short-term seven-figure loan, the exit is the most important part of the application. A good exit is specific: “refinance to a bank commercial loan once the financial statements are lodged in March”, or “repay from the sale of the old warehouse, which is listed and under offer”. Lenders want to see that the exit is realistic, and that there’s a fallback if it takes longer than planned.

Read our guide to exit strategies for short-term property loans before you apply.

Questions to answer before you enquire

A seven-figure enquiry moves faster when you’ve already thought through a few questions. What is the exact amount, and what is each dollar for? What is the date that can’t move, and what happens if it’s missed? Which properties are available, who owns each one, and roughly what is owed on them? Is anyone on a title likely to be reluctant to sign? What will repay the loan, and when? And if that plan is delayed, what’s the fallback? Having written answers to these, even in a few lines each, lets a lender form a view on the first call instead of the third, and that is usually where the hours are saved.

Keep the family informed

When a family home is part of the security, make sure everyone on the title understands the loan, its term and what’s at stake before the documents arrive.

Ready to move on $1 million?

Tell us what the money is for, your deadline and the property available. There’s no credit check to ask, your enquiry isn’t sent to a long list of lenders, and a real person reads it and calls you to map out the fastest realistic path.

Please complete the form accurately, including all owners on the title and any existing loans, so the plan we build with you can settle when you need it. Start your enquiry.