Collection Consultancy Australia

Secured Loan Agreements - FAQ's

A Secured Loan Agreement is a simple Loan Agreement between two parties.
Secured Loan Agreements are used as a vehicle to secure a loan against the assets of the business receiving the loan.
Secured Loan Agreements are used by business owners or investors wanting to loan to, or invest in a business.
Our Secured Loan Agreements are designed and incorporate the appropriate legislation to ensure the lender can register a valid PPSA Registration and in doing so, become a secured creditor.
The Personal Property Securities Register is simply an online notice board which is a register of security interests paced by businesses and individuals against the businesses or individuals to which they extend credit.
By becoming a Secured Creditor against your clients’ businesses, you are protecting any payments your company receives from that client and ensuring those payments aren’t subject to Preferential Payment Clawback.

Since the introduction of the PPSR liquidators now has the right to claw back any payments made to an unsecured creditor, in the previous 6 months from the date of liquidation in favour of a secured creditor.

This means that if one of your clients was to file for liquidation and you haven’t registered on your clients PPSR and become a secured creditor, you could lose the last six (6) months of payments made to you by that particular client.

It is located online and is an Australian Federal Government Program and is managed specifically by the Australian Financial Security Authority.

Once your Secured Loan Agreement has been signed you simply go to the Australian Governments Office of the Australian Financial Security Authority’s website where you can register your loan agreement online.

$6 for a 7-year registration.
As an existing client, we can review your documentation and assist with your PPSA Registrations.
Part of our Secured Loan Agreement Package is our Loan Management Dashboard which gives you complete access to your loan agreement on an ongoing basis.
There is no set rate associated with our Secured Loan Agreements and the interest rate can be set at a rate agreeable by both parties.
The loan period can be negotiated between the lender and the borrower but is generally set for a defined period of less than 7 years.
Yes, the loan repayment amount varies depending on the interest rate, loan period and duration of the loan.
Yes, an “end of loan” balloon payment can be inbuilt into your loan agreement which can be used to lower the monthly repayment.
Yes, the loan can be renegotiated in the Loan Management Dashboard.
Yes, the loan can be cancelled or forgiven at any stage throughout the loan term through the Loan Management Dashboard.
Yes, when setting up the initial loan the borrower’s bank details can be included, and an automatic direct debit set up.
Yes, automatic payment default notifications are a stand feature of our Loan Management Dashboard.

Any Questions?

You are welcome to email us any questions – or call to speak to a consultant.