Business Loans

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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