How this lending option works
Business lending should match the purpose and the cash flow expected to repay it. We compare secured and unsecured options, lender appetite, facility term and the evidence needed to present a credible application.
- Working capital and expansion
- Secured and unsecured options
- Business acquisition and refinance
Choose finance around the business purpose
Working capital, expansion, acquisition, stock, fit-out and debt refinance have different time horizons and risks. A revolving facility may suit short-term cash-flow needs, while a term loan may better match a defined investment or acquisition.
Property-backed equity for business purposes
Residential or commercial equity may support a business-purpose loan where the lender accepts the security, purpose and servicing. This can change pricing and available term, but it also exposes the property if the business cannot repay. Loan purposes should be separated and documented clearly.
Refinancing and consolidating business debt
Multiple facilities may be consolidated to simplify cash flow or replace expensive short-term debt, but extending the term can increase total cost. We compare payout amounts, fees, security, covenants and the repayment period rather than focusing only on the new monthly repayment.
Common questions
Can I obtain a business loan without property security?
Potentially. Unsecured options depend on business trading history, cash flow, credit profile, purpose and lender policy, and may have different pricing or shorter terms.
What documents will a business lender require?
Requirements vary and can include financial statements, tax returns, BAS, bank statements, ATO information, forecasts, contracts and details of the purpose and ownership structure.
Can business debt be refinanced into a property-backed loan?
Potentially, where there is sufficient equity and serviceability and the lender accepts the purpose. The lower repayment needs to be weighed against property security and the total cost over the new term.
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