Growing a business in Australia requires access to finance. Business loans can help you achieve your goals, whether it's expanding operations, purchasing equipment, or managing cash flow.
Types of Business Loans
- Term Loans: Fixed-term loans for specific purposes, such as equipment or expansion
- Line of Credit: Ongoing access to funds for working capital or unexpected expenses
- Overdraft Facilities: Short-term funding linked to your business transaction account
- Invoice Finance: Unlock cash tied up in outstanding invoices
- Asset Finance: Secured finance to purchase assets including vehicles, machinery and more.
Key Considerations
- Interest Rate: Competitive interest rates apply, often variable or fixed
- Loan Amount: Borrow from $50,000 to $500,000 or more
- Loan Term: Typically 1-5 years, with regular repayments
- Security: Assets such as property, equipment, or cash flow may be required
- Fees and Charges: Understand all associated costs
Tips for Securing a Business Loan
- Prepare a Solid Business Plan: Demonstrate your business's viability and growth potential
- Improve Your Credit Score: Ensure your personal and business credit history is strong
- Ensure when dealing with your accountant, you make them aware of your intention to borrow so your financial statements are reported accordingly.
- Keep your business & personal finances separate (i.e. separate bank accounts and credit cards) to ensure a clean and clear application is presented to the lender.
Enhanced Space Projects - Business Loan
The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
There may be occasions where you may be charged a fee by your broker.
Your broker is able to assess each lender's approval times and identify those that can provide approval quickly, however this is subject to change and can vary significantly based on how complex is your loan application and how quickly you’re able to provide the information we need.
Not all lenders are available to all brokers. The exact details of the lenders your broker has access to is disclosed within the Credit Guide your broker gives to you when providing credit assistance or is available upon request.
The way in which your broker will stay in touch with you will differ, however typically this will be via email. In addition you will be able to contact them for guidance as required. You are able to opt out of these communications at any stage.
Sabea Group Pty Ltd T/As Sabea Financial
Level 1, 16 The Centre, Forestville NSW 2087
Copyright © 2024 Sabea Financial - All Rights Reserved.
ABN 866 538 232 53 | CRN 539602
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