Tailored business financing to fuel your growth

Lenders assess your business revenue, trading history, industry risk, and the directors' personal credit. Businesses with two or more years of trading history and strong financials get the best rates.

Newer businesses or those in higher-risk industries may pay more, but specialist lenders on our panel cater to these situations. Rates start from around 6.5 percent for established businesses.

Secured business loans use property, equipment, or other assets as collateral. They offer higher borrowing limits and lower rates. Unsecured business loans are faster to set up and do not put your assets at risk.

Many business owners start with unsecured finance for smaller amounts and move to secured lending as their needs grow. Your broker can advise on the best approach for your stage of business.

A term loan gives you a lump sum upfront that you repay over a set period. It works well for specific purchases like equipment or a fit-out. A line of credit gives you access to funds up to a limit that you can draw on as needed.

With a line of credit, you only pay interest on what you use. This makes it ideal for managing cash flow gaps, seasonal fluctuations, or unexpected expenses.

Cash flow is the lifeblood of any business, and the right finance product can smooth out the bumps. A line of credit or overdraft facility gives you a buffer for slow months without the cost of a full term loan sitting on your books.

Invoice finance is another option if your business has outstanding invoices from creditworthy customers. You can access up to 80 percent of the invoice value upfront and receive the balance when your customer pays.

Interest on business loans is generally tax deductible, which reduces the effective cost of borrowing. If you purchase an asset with the loan, you may also be able to claim depreciation on that asset over its useful life.

The instant asset write-off scheme allows eligible businesses to deduct the full cost of qualifying assets in the financial year they are purchased. Speak with your accountant to understand how these benefits apply to your situation.

The right loan structure depends on your business goals. If you need predictable repayments for budgeting, a fixed rate term loan is the way to go. If you want flexibility to draw and repay as needed, a revolving line of credit makes more sense.

Consider the loan term carefully. Shorter terms mean higher repayments but less interest overall. Longer terms ease the monthly pressure but cost more in the long run. Your broker can model different scenarios so you can compare.

Have your financials in order before you apply. At minimum, lenders want to see your last two years of tax returns, BAS statements, and a current profit and loss statement.

A clear purpose for the funds helps too. Lenders are more comfortable when they can see how the loan will generate returns or improve the business.

We work with over 30 lenders including banks, non-bank lenders, and specialist business finance providers. We match your business to the right product and lender so you get approved faster.

Our service is free for business owners. The lender pays our commission. If the options do not suit you, there is no obligation to proceed.