Small Business Loans

As a small business owner, you are always looking for new ways to grow your company and expand your reach. However, this can be difficult when you don’t have the resources to make these purchases. In situations like this, you can take advantage of small business loans.

Funding offers a variety of loan products that are designed with your needs in mind and are suitable for a wide range of purposes. Providing small business loans secured against Australian real estate is our expertise, and our industry experts secure great deals for all types of loans, making us one of the top trusted lenders for business owners.

How difficult is it for startups to get small business loans in Australia?

As long as you know where to look for them, it’s easy to get urgent small business loans for startups in Australia. Let’s take Funding, for example.

For startups applying for small business loans from us, they only need to provide the following information when they request an Express Quote:

• Basic personal information (name, email, and phone number)
• Loan details (purpose of the loan, loan principal, and loan repayment terms)
• Property information

You can also upload any documents that you think will assist in the approval of your loan. Make sure you review your loan application again before clicking the submit button to make sure there are no errors, as they may delay your approval.

Small business loan calculators are also a great way to get an idea of the fees and small business loan rates associated with your loan. However, Express Quotes from Funding provide much more comprehensive and transparent information.

After you send in your request, you will receive a same-day conditional approval, which will give you an outline of all the rates and fees of a Funding loan tailored to your unique loan needs. Once you’re satisfied with the loan offer, all you have to do is wait for the formal approval before you begin signing the loan documents.

What do I need to do to qualify for an SBA loan?

To qualify for fast small business loans, you’ll typically need to meet the SBA’s size standards for your business type, have a good credit history, and demonstrate that you require the loan and have the ability to repay it. 

You will also need to provide collateral in order to obtain small business loan grants; the type of collateral you need to provide will depend on your agreement with the bank or lender you have chosen.

At Funding, we accept residential property, commercial property, and vacant land across Australia as loan security. One of the factors that affect your loan amount is the type of security property and the location of your property.

We also have a few base criteria that all borrowers must meet in order to be eligible to qualify for a loan. An applicant must have solid real estate security, be able to make their payments on time, and have a strong exit strategy when the loan term ends.

What are the benefits of getting small business loans?

Small business loans can be used for a variety of purposes, including working capital, equipment purchases, inventory expansion, and more. These types of loans typically have lower interest rates than other types of loans, making them an attractive option for businesses looking to finance their growth.

Applying for a loan with Funding grants you access to principal ranging from $20,000 to $10 million and loan tenures of one to thirty-six months. With this in mind, taking out a loan brings a lot of benefits, both for your business itself and your business credit score.

A small business loan can help you get your business up and running by providing funding for start-up costs or a project, which, in turn, can help you avoid selling your business. It can also help you provide immediate access to funds, increase cash flow, and tide you over until your next funding or payment comes in.

Taking out a business loan also means that if the business fails, your company’s assets are sold off to repay the total amount or a portion of the loan for you, rather than you having to repay the loan yourself.

Funding makes taking out small business loans fast and simple.

With the use of the latest technology to stay ahead of the curve and protect your assets, Funding is slowly becoming the number one choice for loans such as caveat loans, commercial property loans, renovation loans, short-term property loans, and more.

We provide excellent customer service and are proud of it. You can reach us by contacting us on our website, through email at info@funding.com.au, or by calling us at 1300 44 33 19.

Since 2015, we’ve grown exponentially as a company and continue to serve those looking for loan products such as a second mortgage, home equity loans, bridging loans, and more. Become one of our many satisfied clients today by requesting an Express Quote.