Business & Working Capital Loans

Fund a Business purchase, expand operations or manage cash flow with a Business & Working Capital Loans

Business loans from banks offer a way for businesses to access capital, either secured by assets or based on the business's financial standing. These loans can be used for various purposes, such as purchasing equipment, managing cash flow, or expanding operations. Understanding the different types of loans, interest rates, fees, and repayment options is crucial when seeking a business loan.

Business Loans have a range of formats to help you fund growth or meet other obligations such as payroll or bills. Depending on your scenario and your goals, we can help you find the right product and help you achieve the growth you're after. Business Loans can be term loans, lines of credit, working capital loans as well as other more complex types of lending products..

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Business Loans:

• Secured Loans: These loans require collateral, such as property or equipment, to be pledged as security.

• Unsecured Loans: These loans do not require collateral and are typically assessed based on the business's financial history and creditworthiness.

• Term Loans: These loans provide a fixed amount of funding for a specific period, with regular repayments.

• Line of Credit: This allows businesses to borrow up to a certain limit and repay it as needed.

• Overdraft: This provides a short-term borrowing option linked to a business account, useful for managing cash flow fluctuations.
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Working Capital Loans:

• Purpose: Cover immediate operational expenses like wages, invoices, and marketing costs.

• Nature: Can be used to finance operating costs that would typically be covered by a business's current assets.

• Example: A business might use a working capital loan to purchase inventory before receiving payment from customers.

• Benefits: Helps maintain smooth operations, especially during periods of slow sales or extended payment terms.

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We're a proud member of the Mortgage and Finance Association of Australia and can help with Business Loans right across Australia. If you're looking to grow your business, we have the expertise and experience to guide you through the process and make the right choice.

The Mortgage Finance & Mortgage Broker Process Made Easy

1. Understanding Your Needs

Your mortgage journey begins with a detailed consultation with your Finance & Mortgage Broker. Your broker will listen to your property goals, whether you’re buying a home, investing in real estate, or seeking a commercial loan. They will assess your financial situation, considering factors like income, savings, liabilities, and credit history, to provide tailored advice on loan options available to you.

2. Financial Positioning

Your broker will request relevant documentation such as bank statements, recent tax returns, and evidence of assets and liabilities to determine your borrowing capacity. They will calculate how much you can afford to borrow, considering important factors like LVR, potential LMI, and interest rates. Your broker will also advise you on how to improve your financial standing if necessary, ensuring you are in the best position to apply for a loan.

3. Comparing Loan Options

Once your financial situation is fully assessed, your broker will begin comparing loan products from a range of lenders across Australia. They will help you weigh the benefits of fixed interest rate loans versus variable interest rate loans, as well as exploring options for offset accounts and interest rate discounts. They will also explain important terms like loan features, fees, and other considerations like the potential for future rate changes or LVR adjustments.

4. Pre-Approval Process

Pre-approval is a crucial step in the property buying process. With pre-approval, you’ll have a clear idea of the loan amount you can borrow, which strengthens your position in the local property market. Your broker will help you gather the necessary documents and submit them to the lender for pre-approval, ensuring the process is as quick and straightforward as possible.

5. Submitting the Loan Application

Once pre-approval is in hand, your broker will help you complete the loan application. They will guide you through submitting all necessary paperwork to the lender, including documents like bank statements, proof of income, and details of existing liabilities. Your broker will communicate directly with the lender to ensure the application is processed as soon as possible.

6. Loan Approval & Settlement

After your loan is approved, your broker will review the final loan offer with you and help arrange any necessary insurance, such as mortgage protection insurance. They will also work with you to ensure you advise detailed terms of the loan. Your broker will remain available to help you navigate any final hurdles before you complete the purchase of your property.

Step 7: Ongoing Support

Once your loan is settled, your Finance & Mortgage Broker remains available for ongoing support. This may include advising on managing your loan repayments, exploring the possibility of refinancing, or helping you tap into your equity for future property purchases or any other requirements. Your broker’s role doesn’t end at settlement—they’ll be there to guide you through the entirety of your property ownership journey.