Small business loans for Australian companies
Small business loans have real benefits to new or established companies in Australia. Whether you are seeking start-up financing, bridging finance or business growth finance, there are numerous options to consider before settling with any given lender. In this article we’ve put together a guide of some common scenarios faced by people looking for small business loans in Australia.
Start-up financing for Australian businesses
It’s no secret that starting a business can require significant capital investment. One of the top 5 reasons start-up ventures fail in Australia is insufficient capital funds. Whether your business needs equipment, raw materials or other tools, financing with a small business loan is the simplest way to ensure you cover your risk.
In Australia, it is estimated that the average age for a start-up venture is between 35-44 years old. This demographic has a much better chance of obtaining a financing solution due to the availability of solid financials or alternatively, asset lending.
Cash flow and short term business loans
One of the other major reasons start-up business fails in Australia is insufficient cash flow. This can be extremely detrimental to the success of your business and is completely avoidable with the right financial plan. If you have cash flow problems, your business growth could be hampered as you struggle to recover your invoices whilst continuing to incur costs. If you find yourself in this situation, a quick short term business loan could save your business.
Business property finance
Whether you’re buying your first commercial property or moving (bridging) to your next, a small business loan is your best bet for obtaining new premises to operate from. Easy Settle Finance has experience lending to Australian small business owners of all types. With access to a large private network of lenders; we can lend you up to 60% LVR on your commercial property or even more if you secure your loan on a residential property as either a first or second mortgage.
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