Financiers are typically looking for more established business to finance with good credit history and tax payments up to date. Non-bank lenders that offer these loans will sometimes take younger business from 6+ months and upwards however rates will be higher than traditional lenders due to the increased risk.The maximum loan amounts available, term of the credit line, and the repayment terms depend on your current business, revenues, credit rating, and many other variables.
You must have a registered company or business
Must have trading figures for 12 months
You don't have any defaults
You are using the funds for commercial/business purposes only
You cannot borrow against a non-directors asset
You can demonstrate how you will make repayments through the businesses profit
Your must be an Australian resident
To confirm all qualification, you'll need to complete your profile
Amount you can borrow based on:
Based on business cash flows and/or assets combined.
$10,000 – $1,000,000
6 Months – 5 years
6.5% – 36% (depending on term)
As little as 5 days.
Flexible loan terms
Ability to re-draw on loan
Ability to increase loan sizes
Interest only repayments
Ability to roll over term
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