A business loan provides security and additional buying power that can be used to grow your business. Whether you’re setting up a new business or looking to expand your offering, there are a number of loans available that suit businesses of varying sizes. Having access to sufficient funds shouldn’t stand in the way of your business’ potential, which is why you should speak to us and find out what options are available to you.
Frequently Asked Questions
What types of loans exist for commercial finance?
There are a variety of commercial loans available. These include short- and long-term debt-financed loans, as well as non-bank options and loans against commercial equipment or other assets. To find out more about what loans suit your business, talk to us today on 1300 857 762.
What can I use as security for my business loan?
You can use property, both commercial and your home, as security for a business loan.
When applying for a business loan, what should I include in my business profile?
Your business profile should include: the type of business, the company’s annual sales, the total number of employees, a profit and loss statement, information regarding the length of time the company has been in business and details about recent ownership history.
How does debt funding work?
Debt funding involves taking out a loan from a bank or other lender in order to fund your business. Just like a home loan, debt funding generally needs to be payed back at a set interest rate.
How can I improve my business’s cash flow?
We can help you free up cash flow by exploring alternative solutions, including using credit and equity. We have the expertise to help you make the right decisions about your finances, as well as the contacts to provide you with the best advice and referrals to other finance experts.
How can I protect my personal assets if something goes wrong with my business or my business partners?
There are many ways to help protect your personal assets, including the family home. One solution is split banking, but we can talk you through all your options, as well as recommend trusted experts if you need specialist legal advice.
