Loans for Business
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Most lenders now will look at either your last few BAS or 6 months bank statements and then work out how much they can lend you based on your gross income. They're not interested in looking at historical tax returns that may have no relevance as to where you are today.
How much can I borrow? | If you're turning over good dollars, then you can normally borrow the amount you need. Whether it's for new stock, to pay bills, or to simply cover you through a lean time... our lenders will work with us to get you a good result. Normal business loans range from $25,000 to $250,000 for unsecured loans (that's right - no property required). |
What is the interest? | Interest rates for business loans vary and are priced according to risk. Rest assured that we'll work hard to get you the most appropriate loan... and at the best interest rate. |
So if you're good at what you do, keep on doing it! Let us do what we're good at — structuring loans to suit individual business needs. Rest assured that we can Show YOU the Money!
Some of the business loans we've put together… |
| light bg Trucking CompanyDoubled their turnover in 1 year to $5 mil. Needed new trucks and new staff but were waiting for up to 60 days for debtors to pay. They needed cashflow now to continue their growth. Financials were messy. SolutionThey were able to borrow up to $750,000 although property security was required. They had money in their bank in 6 days. Interest Rate - 12% pa With their new equipment they tendered for and won another Contract worth over $2 mil. The full loan was repaid in 15 mths. | light bg Advertising AgencyThis agency had a great turnover but had so much work on they couldn't keep up. They picked up a new client and needed to hire some outside help but had to pay for it all upfront. They wanted $100,000. SolutionTheir bank statements reflected their normal quarterly turnover so lenders queued up to lend them the money. Interest Rate - 6.5% pa They hired the help they needed, finished the job and paid back the loan within 7 months. |
| light bg Small Plumbing Co.Small plumbing company looking to expand and needed new staff and new equipment. They'd had plenty of work over the last year so we looked at 6 months bank statements to work out borrowing power. No financials. SolutionWe worked out they could borrow a maximum amount of $60,000 based on trading statements. Interest Rate - 18% pa They used the money to pay out an existing loan, to hire new staff and to purchase the equipment they needed. | light bg Phone Charger CompanyTurnover had grown from $1M/year to almost $3M/year and they wanted to buy out two competitors. They also wanted to purchase new stock and the latest technology. They had good financials to work from. SolutionWe set them up with a Line of Credit facility from a major bank secured only against the business (no property security required.) Interest Rate - 4% pa They were able to buy out their main opposition and purchase new stock. They are not the main player in their industry. |
