Getting a business loan can make a huge difference to your income. Whether you're after quick funds to take advantage of a stock deal or you need to invest in new equipment and machinery to get ahead in the industry, a business loan could be just what you need!
Your business is important - as your main source of income, it's vital that you maintain it and allow it to grow. Sometimes the industry shifts and new technology emerges, and you can't afford to be left behind, because chances are your customers will move on if you do. Whether you need money so you can take advantage of a great stock deal or you need to buy that new piece of equipment on the market that could double your work efficiency, we're here to help you get the business loan you need - in as quick as 24 hours.
If you're applying for $150,000 or less, all you need to provide is your driver licence number, your ABN and your BSB and account number. If you're applying for anything from $150,001 to $300,000 you'll also need to provide some basic financial statements, including a profit and loss statement and cash flow statement.
If you apply before 4pm AEST on a business day, it is possible to have the money in your account the next business day. Providing clear bank statements when applying for the loan will help speed up the approval decision and will allow you to get access to funding faster.
You'll be able to use the loan for almost any business purpose! This can include renovating, marketing, purchasing new equipment or assets, and much more!
Here are some examples of what you could do with a business loan:
* Renovate the interior of a cafe or restaurant, upgrade a kitchen with better ovens, stoves, cold rooms and purchase more tables and chairs for customers.
* Repair damaged equipment and tools or replace items destroyed by natural disasters.
* Take advantage of stock deals and specials so you have more product to sell.
* Invest in brand new technology, whether it's the latest dental chair, X-Ray machine or a Hammacher Juicer.
Your interest rate will be calculated depending on the health of your business by checking the industry, the years you've had in business and cash flow. Interest rates range from 9.9% to 26.5%. Your loan repayments can be daily, weekly, fortnightly or monthly.
If you're ready to take your business to the next level, you can book in for a business loan consultation or call us directly on 0418 311 019. If we believe your business is eligible for a loan, we'll begin the loan application process. In order to get your interest rate, you'll need to progress through the application stage in order for your rate to be calculated. If the rate isn't right for you, you can pull out at that time. If you're happy with the interest rate, we'll submit your application and the funds could be in your business account in under 24 hours.
Disclaimer: Over the passage of time, information on this website may become outdated or innacurate. While we endeavor to ensure that the information displayed is constantly updated, we strongly recommend checking with us as to whether the information on this website is 100% correct by booking in for a phone consultation. Last updated 9th January, 2020.