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Business Loans

We can help your clients with business loans for different purposes. These include:

  • Cashflow (including money to pay bills, wages, buy stock, expand)
  • Setting up a line of credit (similar to an overdraft facility)
  • Equipment, machinery, vehicles

In some cases, financial statements or business plans are not required – making this an easy process.

Clients could potentially borrow between $10,000 – $500,000. We have different options available.

A business loan is a type of financing that is designed to help business owners meet their financial needs. These loans are often used to cover expenses related to the operation and expansion of a business, such as purchasing equipment, hiring employees, or opening a new location.

What is the difference between a business loan and a line of credit?

A business loan is typically where funds are deposited into the business account and are used. A line of credit acts more like an overdraft, where the money can be redrawn and used flexibly. Typically, interest is only paid on the amount that is used.

What is the application process?

This depends on the loan being sought, and other factors. If the loan is straightforward enough to assess off just bank statements, then basic questions are asked of the client and then bank statements are uploaded. Software can then determine the viability of the loan without requiring extensive financial statements.

What are the terms of the offer?

These will be advised later usually by the lending institution. Different loan terms, fees and interest rates can apply.