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Finance for Business Rescue Practitioners

Supporting Smooth Property Transactions During Business Rescue

Overcome property transfer obstacles

New Heights Finance is a finance broker that doesn’t directly provide loans. We partner with various financial institutions to offer you a variety of loan options and help you compare different products. New Heights Finance may earn a commission, which is usually a fixed percentage of the loan amount and can vary depending on the lender.

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Execute business rescue plans seamlessly

New Heights Finance understands the unique challenges faced by Business Rescue Practitioners in managing immovable properties within a rescue plan. A common issue is that buyers often lack the funds to settle outstanding rates, taxes, and other property-related charges. This hinders the issuance of clearance certificates, delaying or preventing property transfers, and ultimately leading to lost deals and extended recovery timelines. We offer tailored financial solutions to address these obstacles, facilitating smoother transactions and improved cash flow for businesses in distress.

Why Choose New Heights Finance to Overcome Transfer Delays?

  • Specialized Expertise: We provide financial solutions designed specifically for the challenges encountered by Business Rescue Practitioners.

  • Facilitating Property Transfers: We help overcome funding gaps that delay the transfer of immovable properties.

  • Improving Cash Flow: Our solutions support smoother transactions and enhance cash flow for businesses undergoing rescue.

  • Loans Against Property: We offer funding options secured against unbonded property to support the business rescue process.

    Who can benefit from our business rescue solutions?

    Business Rescue Practitioners

    Streamline property transfers and improve the efficiency of the rescue process.

    Businesses Undergoing Rescue

    Access funding to facilitate the sale of property and improve overall financial stability.

    Loan Conditions

    Loan Term: From 6 month to 12 months 

    Property Status: Bond-free, owner holds title deed

    Property Value: Over R1.5 million

    Maximum Loan: 50% of open market value

    Interest: 2.8 – 4% per month

    Cost Schedule

      Property Value: R 1 000 000
      Loan Granted: R 400 000
      Bond Reg Costs: R 12 000
      Attorney Fees: R 8 000
      Initiation Fee: R 12 000

      Funds Available: R 368 000 ( to Client)

      Interest Rate:  2.8% – 4% per month

      Once-off Costs: 3% fee

      Term: 6 – 12 months 

      Subject to lenders Terms and Conditions at time of quote

      How does it work?

      Our financial solutions are designed to address the specific financial hurdles that arise during business rescue proceedings, particularly those related to immovable property.

      Key Features

      • Funding for Outstanding Charges: We provide financing to cover outstanding rates, taxes, and other property-related charges, enabling the issuance of clearance certificates and the finalization of property transfers.
      • Funding Against Immovable Assets: We offer funding secured by immovable assets to provide businesses with necessary capital during the rescue process.

        Benefits

        • Accelerated Property Transfers: Facilitate quicker finalization of property sales by resolving funding issues.

        • Avoidance of Lost Deals: Prevent the loss of property sale agreements due to buyer funding shortfalls.

        • Improved Cash Flow: Enhance cash flow for businesses in rescue by enabling timely property transfers.

        • Reduced Recovery Timelines: Shorten the overall duration of the business rescue process.

        FAQs

        What are the common financial challenges faced by Business Rescue Practitioners concerning property?

        A recurring challenge is that buyers often lack the necessary funds to settle outstanding rates, taxes, and other property-related charges, which are required for clearance certificates. This delays or prevents property transfers.

        How do your financial solutions address these challenges?

        We offer funding solutions to cover these outstanding charges, enabling clearance certificates to be issued and property transfers to proceed smoothly.  

        Do you provide other types of funding for businesses in rescue?

        Yes, we also provide funding against immovable assets to support businesses during the recovery process.

        Why is it important to resolve property transfer delays in business rescue?

        Delays in property transfers can lead to lost deals and extended recovery timelines, hindering the business rescue’s success.  

        THE BELOW FORM ONLY APPLIES TO BUSINESS RESCUE. PLEASE ONLY SUBMIT THE FORM ONCE AND CHECK YOUR INBOX FOR A CONFIRMATION EMAIL.