| The term business finance can cover a variety of finance types related to business and these range from funding for the purchase of an existing business, a start up venture or finance to purchase new equipment or vehicles.
Our business finance experts are able to help you in deciding which type of finance is most suitable and have a range of business finance options as we have access to a number of lenders on our panel.
Having access to a number of providers gives you a choice of what type of business finance you can choose from and your choice may not always be based on an attractive interest rate as there is more to consider than simply a good rate.
Why not contact us and have one of our business finance experts guide you through the range of options available or you can browse through some information we have provided for your reference below:
Business Finance Options Explained
What type of security can be used for business finance?
Depending on the type of business finance you require there may be a need to secure the facility against a property/security of some sort.
Below we have highlighted some property and security types which some providers will lend against to secure your business finance.
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Commercial Freehold |
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Motel Freehold |
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Rural Freehold |
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Taxi Licenses |
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Residential Freehold |
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Term Deposits |
Based on the type of property or security offered a business finance provider will lend a certain percentage against it.
To find out more about the amount which can be provided based on the security on offer just contact us and a business finance consultant will assist.
Business Finance - Term Loans
A term loan for business finance purposes is simply a business loan with a term attached or end date of the loan as such.
This type of business finance helps business operators finance their operation from either a plant or equipment point of view, and is ideal for the expansion or upgrade of items like vehicles, processing equipment, trade specific tools and so on.
For more information on term loans simply contact one of our business finance consultants who can provide you with the information you require.
Business Finance - Line of Credit
A line of credit for business finance works in much the same way as a line of credit for residential purposes.
The similarity is that a business finance line of credit is structured in the same way as it is secured against a property but the funds are to be used for business purposes.
What this allows you to do as a business owner is fund varying types of needs through this type of finance facility.
We have highlighted some potential needs which may suit you and can be funded through a business finance line of credit:
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Working capital for start up |
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CAPEX for equipment purchase |
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Salaries if there is a shortfall in funding for a time |
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Purchase of inventory |
A line of credit can help smooth out cash flow concerns and allows you to get through leaner months and in business this is an inevitable.
A business finance line of credit can be paid down at any time so as cash flow comes in you are able to repay as much or as little on this facility as you wish.
To find out more about what types of security are acceptable for a business finance line of credit and also what options are available just contact us and speak to one of our consultants who can assist.
Business Finance - Overdraft Facility
An overdraft for business is the most common type of business finance available and although it provides you with the same level of flexibility that a line of credit does, it differs as you are not required to secure this type of facility against a property.
What a business finance provider does look for is strength in trading figures and will look at your history of income produced for a specified time period.
An option with an overdraft business finance facility is that you are able to make interest only payments so this lowers the burden of monthly repayments as compared to paying principal and interest, you can also make additional repayments at any time or pay it out in full and the facility will still be there to use as you require.
To get more information on a business finance overdraft facility just contact us and one of our consultants can assist.
How can AussieWise help me with business finance?
Your needs for business finance are unique as is the way you run your business so we ask that you contact us to have an in depth discussion with one of our consultants.
From that point our business finance consultant will source the most appropriate finance solution for your needs and present you with varying options from our panel of lenders.
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