Business Loans & Line of Credit

Business Loans and Lines of Credit are options that give you access to funding to cover a shortfall in day-to-day cash flow, raise working capital or take advantage when opportunity knocks. They can provide a boost to buy more stock, equipment, renovate, or expand your business.

We’ll source the most competitive offer, take care of the application process, and structure payments around you. Requirements vary according to the loan or credit you choose. Check out our range of Business Loans and Lines of Credit below.

As the name suggests, this type of loan is secured against real assets such as vehicles, houses, land, commercial premises, or other assets. Because the security on this loan acts as a guarantee for the loan amount, interest rates are lower, and borrowing amounts can generally be higher than an unsecured loan.

This makes it ideal to raise working capital, purchase a commercial property, expand, or re-finance your business.

Key benefits

• Borrow against your assets
• Lower interest rates & higher borrowing amounts
• Longer timeframe for repayment of the loan
• Choice of fixed or variable rates or a combination of both.

An Unsecured Business Loan is usually a short-term facility of up to 24 months. You’ll have options to repay the loan and interest daily, weekly or monthly. No security is required, so the interest rates are typically higher than a Secured Loan, and the total loan amounts are generally lower.

It’s a versatile solution for various business needs, from covering gaps in cash flow to new business opportunities. Boost your working capital, invest in inventory, equipment, renovate, or hire new staff.

Key benefits

• Great for growing your business
• No security required
• Fast approval because there are no assets to evaluate
• Available to smaller businesses that don’t meet banks’ usual criteria

A Line of Credit is simply a business loan with a re-draw option. The credit is revolving, which means that even though you make repayments, you can still re-draw up to your approved limit. Once it’s in place, you can access these funds without applying again. Often you will only pay interest on the drawn down amount, not the whole facility.

There are no restrictions on how you can use this money for business purposes. Tap into funds anytime to purchase inventory, repair equipment, take on large orders, or cover day-to-day expenses when cash flow is tight.

Key benefits

• Draw and repay funds as you need them
• Only borrow and pay interest on what you need
• Lower interest rates than credit cards
• Quick and simple application process