Business Loans
When assessing a business loan applications, lenders will consider the following:
- Proposal what the business is doing, competition, location, industry, legislative changes and experience of applicant
- Contribution deposit or equity contributed towards the transaction
- Capacity ability to repay the debt
- Character – repayment history, previous default
- Collateral banks exit strategy if the business does not go to place
Options available for
- Adverse credit history
- Full documentation loan
- Alternative documentation loan
Business loan purposes
- Cash flow funding
- Overdraft facility
- Line of Credit
- Business Purchases
- Business expansion
- Mergers and acquisition
- Business Loan Refinance
- Business debt consolidation
Business loan features
- Interest only
- Fixed rate options
- Variable rate options
- Additional repayments
- Redraw facility
- Offset account
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