Business Loans

Business Loans

Business Loans

If you are a business owner, then there is a possibility are that you would need financial support to either get your business off to a good start or if you have plans to expand. A viable option to get funding is a medium to long-term business loan. Whether you require funds to acquire business equipment, get your marketing campaign going or arrange for payroll , a business loan may go a long way in helping you out. Though it is not as easy as it used to be to obtain a business loan, but the major banks are still making them available.

At Apt Mortgages, we understand that every business is unique and has its own needs. We are in contact with a comprehensive panel of lenders, financiers, and specialist advisers who will take the time to interpret your needs while also ensuring that accurate advice is passed on to you.

Finding the right business loan

If you choose to take a business loan you can either choose to take a business overdraft or a business equity loan. A business overdraft gives access to cash which can help in covering short-term requirements, such as bridging the gap between service delivery and payment.

If you need to make a larger purchase, you might consider a business equity line, which is suited to businesses that might need a cash injection on a very occasional basis. This form of business finance is likely to require security.

If you know how much you need to borrow, you might consider a business fixed rate loan, which gives you the certainty of fixed monthly payments. But if your cash flow is volatile you might opt for a business variable loan as you may be able to reduce repayments if needed.

Negotiate Low Mortgage Rate

We may be able to negotiate an even lower rate.

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In Calculators and Financial Tools

Types of Business Loans

Equipment Finance

Small Business Loans

Commercial Loans

Applying for a business loan

Once you have decided to go for a business loan, there will be a lot of other factors to consider before moving forward with the application process. To begin with, it is mandatory to have a detailed business plan ready and present a detailed proposed venture. This information helps the lender to provide you with appropriate finance and advice.

Your loan application is evaluated by lenders across three factors.

  • Lenders evaluate the risk factor associated with your business to ascertain the scope of profit that both you and the lender can make.
  • The Australian Prudential Regulation Authority (APRA) lays down a set of regulations to ensure that banks are making responsible decisions while lending for businesses.
  • You need to present a viable business case to the lender to convince the bank to do business with you.

What all do you need?

  • A detailed report of what your business does, financials, history, industry information etc.
  • Personal finances like income tax returns, personal assets, credit history, and banking details.
    Business projections like cash flow, profit and loss, and balance sheet forecasts.
  • Analysis of financial ratios to determine how independent variables will impact your business.
  • Loan details such as why do you require the loan, what type of loan is needed, the loan amount and time period.
Negative Gearing Work

How can we help you?

If you need equipment finance, speak with your Apt Mortgages advisor. With so many finance providers offering different finance types, with varying structures and repayment options, it can be difficult to find the one that’s suitable for your business. It pays to seek independent advice before you make your choice. Apart from sourcing an accurate loan for your business, we will make sure you can meet all the requirements of the suitable lender. Various options of business loans are available such as ones with a fixed or variable rate. Our mortgage analysts will understand you and your business in detail by taking a close look at your financial statements and asset values to help you with all the documentation.
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