Business and Commercial Lending

Depending on the size of the loan, once we’ve received all your details and the information required for your loan application, it can be possible to get your loan approved in as little as 24 hours from when it’s lodged.

The amount you can borrow will depend on your business’s ability to service the loan you are wanting to apply for. With a quick phone consultation, our team can assist in calculating this for you so you know exactly how much you can borrow.

It is possible to get a secured or unsecured loan depending on lender, the length of time you have been in business and how much you wish to borrow. For funding of up to $150K, generally no asset security is required.

Loan terms vary with the type of loan and amount borrowed however a common small business loan term is up to 36 months.

Yes, it is possible to obtain a loan if you are a new business or have a new ABN.  If you don’t yet have years of financial figures, there are other things you can provide to prove your business will be able to service a loan. Read our article to find out more.

A business line of credit is an ongoing source of funding that can be drawn down as required. Once you’ve been approved to access a line of credit, you can draw down on part or all of the funds during the term of the facility, which is usually 24 months. You only pay interest on the money you have used, for as long as you use it. So if you have a $20,000 line of credit, you could draw down $10,000 one week and repay the money the following week, only accruing interest on the money you’ve accessed until it is repaid. It’s a bit like a credit card but may come with lower interest rates and can be a useful safety net if your cash flow is unpredictable.

Yes, if you take out a business loan and would like to pay it off sooner by making additional repayments, our brokers will make sure the loan is tailored to suit you.

Once our brokers know how much you’d like to borrow and understand your borrowing capacity, they will let you know what information you need to provide to apply for your loan. They will also find some finance options for you and when you’ve decided and give us the go ahead, we’ll lodge the application for you and keep you up to date on its progress. Our goal is to save you time and energy by doing the hard work for you.

There are fixed and variable interest rate loans available to businesses. Your broker will be able to provide you with options.

Using a broker can save you time and money. We have access to more than 30 lenders so we can look at different options for you rather than just relying on your usual bank. Our brokers keep up to date with the latest products on offer from the various lenders so they will make sure you are provided with the best finance solution for your needs. We also do the legwork for you when it comes to getting a loan, liaising with the lender on your behalf, saving you time and energy.

You can borrow money to buy an existing business or to establish a new one. A business loan can be used to buy assets including cars, trucks and machinery, shop or office fit outs, computer hardware or software and more. You can also borrow money to grow your business to spend on things such as marketing or to buy your own premises.

It’s also possible to get a loan to help you cover the purchase of stock, insurance or expenses such as tax bills or equipment repairs and maintenance. A line of credit or overdraft is also an option that can help with cashflow.

How much information you need to provide to apply for a business loan or line of credit will depend on how much you want to borrow and how long you have been in business.

As a business, you will generally need to provide two years of financials including:

1. Accountant prepared profit and loss statements and balance sheets
2. ATO portal information
3. Company Tax Returns

If you are a new business or have a new ABN and don’t have the above information, there are ways to optimise your borrowing capacity. Read our article to find out more.