With so many finance providers offering different finance types, with varying structures and repayment options, it can be difficult to find the one that’s best for your business. It pays to seek independent advice before you make your choice, and this is our Finance Brokers can assist you in navigating through your business loan needs
Types of business loans:
Commercial Loans – Loans secured by commercial property or for the purchase of new franchise. Those loans tend to have a lower loan to value ratio (LVR) and higher interest rates than residential loans
Working Capital Loans - To cover vital operating costs like paying suppliers, covering wages or adding inventory to make the most of busier business periods.
Asset & Equipment Finance - Any asset, plant or equipment that can help generate income for your business may be able to be financed, and can include Motor vehicles, Commercial vehicles, Plant and machinery, Agricultural equipment, Solar power equipment, Computers,
Invoice Financing - Also called Debtor Finance or Accounts Receivable Finance, this is like a cash advance based on the sales you’ve already made to your customers, without having to wait for the traditional 30, 60 or even 90 day payment periods.
Unsecured business loans - Business loans not secured by asset or property. The obvious benefits of this type of finance is the speed in which access is granted to the finance, with simplified application process. This may allow you to quickly take care of cash flow, cover urgent expenses, or make the most of an opportunity. It may attract a higher interest rate (due to being unsecured) and tighter credit assessment.