Is your business overlooked by Traditional Lenders?
- Has your Bank said 'No' to you?
- Do you want access to Funds fast?
- Does seasonality affect your Cash Flows?
- You don't want to give your home as collateral to the lender?
If you are looking to get Funding in any of the below matters then we need to talk.
- Buying an Equipment
- Buying a Business Vehicle
- Buying an Existing Business
- Improve Working Capital
- Invest in Marketing Campaigns
- Hire More Staff
- Commercial Property Purchase
Bank
Non-Bank
Specialist Private Lenders.
We listen to you
Notes & Application
Assessment
Lender
Offer Letter
Acceptance
Key Questions for Loan Approval:
- What is the Purpose?
- Amount required?
- Do you have security to offer?
- How long you have been in the business?
- What is the revenue and are you profitable?
- Can your business afford the loan repayments?
- How soon you need funding?
- What is your Credit Score?
- Are your Business Financials up to date?
Depending upon the above answers assuming you are lendable you may fit into either of the below:
Bank
Non-Bank
Specialist Private Lenders.
The interest rate will vary as per the type of the loan product and the lending institution used.
What are the Financial Institutions looking in general for when lending?
Person
- Who takes out a loan and who is behind?
- How did they do in the past?
- What factors affect business?
- Are they trustworthy?
Purpose
- Does this loan proposal make sense?
- To what ends are the funds being used?
- What is the amount and how long?
- Can we offer a product that is fit for purpose?
Payback
- How is the loan going to be repaid – Serviceability?
- What are the risks and are there any mitigation strategies?
- How will we recoup the loan if the company defaults?
Types of Business Loans
Cashflow Finance
Business owners looking for cash to support their day-to-day operations and cover any gaps in the cash flows. There are many options for business owners and some of the available options are:
- Temporary Overdraft
- Business Overdraft
- Invoice Financing
- On Demand Finance
- Business Line of Credit
- Business Credit Cards
Term Lending
A lump sum to capitalise the business. Any new Business acquisitions, business in start-up phase or business that are in a growth mode could use term lending as a funding solution. Marketing campaigns or website development, new fit-out, buying a business vehicle, purchasing any machinery or equipment needed to run their business operations efficiently are some prime use cases.
- Unsecured Loans
- Secured Loans
- Equipment Finance Loan
Why Business Loan has been formed?
Business Loan has been established to help Small Business owners and SMEs. After working for a bank as a Commercial Lender and having 1000s of interactions with business owners, I believe that this segment of the market is really underserved and there is a good reason for it.
Business owners want to pay the least possible tax and that impacts the books so come borrowing time, it disadvantages them significantly.
Business owners look up to their bank as their only advisor only to find out that they get disappointed by the outcome after doing lengthy applications for a small amount of funding request.
Business lending is an area that requires a deeper understanding of the customer’s business, and business owners do not present them well to their bank/lender sometimes hence the outcome is not so good.
How do you know which option is the most suitable for your business?
Generally, a combination of both Term Lending and Cash Flow Finance works out to be the most efficient solution for small businesses to meet their different funding needs. However, it is best to consult a Business Loan Broker, Financial Adviser and or your Accountant.
Our Process
Initial conversation
We spent 10 to 15 minutes understanding the request and determining if we can help or refer you.If we believe we can help you, we will start gathering the information and send you the requirements like an application form to complete and supporting information.
Deal Analysis
We analyse the information provided after the interview and we crunch the numbers to get the deal ready to be submitted.
Deal submission
This is a stage where we have obtained all the information back from you. We do our analysis and if we believe there is a deal, we will present it to the lender or lenders to get an outcome for you.
Find out your Business Loan Options today !
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