HOW TO GET A SMALL BUSINESS LOAN IN AUSTRALIA
Getting a small business loan approved is the start of a simple financing solution that can provide you with the working capital you need for your small business – fast allowing you to achieve your business goals sooner?
How can I get a small business loan?
A small business loan is a simple and flexible unsecured financing solution that can get you the working capital you want for your small business approved and funding in 24hrs.
They are ideal for those business operators who are experiencing strong business growth, but need an injection of working capital to take advantage of the growth opportunities, without giving up equity or personal security to do so.
I think you will agree with us when we say:
Often in normal business, you need quick access to short-term funding to capitalise on business opportunities that come your way.
Now, all too often, the big banks take too long to approve a small business loan, if they approve it at all, resulting in the business owner to miss out on the opportunity.
As a business owner, you now have a more favourable funding option allowing you to tell your bank see you later that will not only increase your approval results by 95% but offer you the small business loan all within 24 hrs…
Business Loans Centre Australia specialise in short term small business lending solutions for small business and finance for business where either a short-term small business loan can be secured over your asset for a certain period of time or unsecured finance based on your business turnover.
Businesses of all kinds, start-ups or established, can obtain a small business loan quickly to allow their business to grow or ease cash-flow.
Assets can be used to secure a small business loan which can be anything, however, the most common type of asset finance is real estate and other high-end valuables.
Other assets that can be used
First or Second Mortgage Interest in a property, cars, boats, equipment etc. are typical assets that can be used as long as there are no current financial loans registered against them.
Loans from $10,000 to $500,000 (more on application). These funds must be used predominantly (more than 50%) for any business or investment purpose other than residential investment.
When you need fast cash for your business or for any other reason and you have security to provide for the loan, you are an ideal applicant for an asset finance funding option.
There are substitutes to asset finance which is an unsecured small business loan
The loan application is measured more on the overall business strength of your annual business turnover rather than any asset. So what is looked at when assessing your small business loan?
The Loan Purpose:
The small business loan purpose must be predominantly for any worthwhile business and or investment purpose other than personal residential investment.
Possible purposes are:
- Purchase a business
- Buy new plant or equipment
- Buy stock
- Pay tax or other work related expenses e.g. wages, legal fees, advertising etc.
- Business repairs and maintenance
- Working capital
- Council approvals/Head works
- Bridging the unexpected “gap”
- Fund a commercial or industrial property purchase whether the bank cannot settle in time.
- Fund a residential investment property purchase where the property is to be owned in a trust or company name
The Repayment Strategy:
A small business loan requires an acceptable repayment strategy on how the loan is to be repaid.
Repayment strategies are:
- Fixed Repayment Term
- Sale of Asset/ Stock
- Outstanding work / Invoices
The unique loan features for a small business loan
- No Hidden fees
- No Financials required (small business loans $50k)
- No Valuations Required
- All Industries Considered For Small Business Funding
- No Obligation to Proceed Even If Approved
- Weekly or Daily Repayments
- Early Payout Allowed
- Fast Loan Assessment Approvals
- Same Day Funding