The Role of Security in Business Loans
Key Takeaway Table Key Point Description Definition Security is a fundamental concept in lending. It’s any significant asset or property a borrower pledges to secure the loan. In the event of a default, the lender can legally take possession of the security to recoup any losses. Security can also be guarantees given by directors, guarantors […]
How to Secure a Business Startup Loan in Australia
Key Takeaway Table Key Point Description Common Startup Costs New business owners need significant capital to launch their businesses. Initial costs can include purchasing or leasing commercial property, legal and licensing fees, renovation, equipment purchase, initial inventory, and marketing. Once the business is up and running, business owners will also need funds to cover any […]
Guide to Business Loans for Franchises in Australia
Key Takeaway Table Key Point Description Definition A franchise is an arrangement where a franchisor licenses its business’s branding, products, processes, trademarks, and more to a franchisee in exchange for a fee. Benefits of Buying a Franchise Due to the established brand, proven business model, well-known products, existing supply chain, widespread advertising, and ongoing support […]
A Complete Guide to Getting Business Loans for Retailers
Key Takeaway Table Key Point Description Uses for Retail Business Loans Business loans can be used to cover costs associated with starting and operating a retail store. These expenses include startup costs, working capital, emergency costs, business opportunities, upgrades and expansion, and e-commerce development. Loans can also help your store keep up with regulations. Understanding […]
Securing a Business Loan for an Electric Vehicle in 2024
Key Takeaway Table Key Point Description Electric Vehicles in Australia Australia’s electric vehicle (EV) market is on the rise and is expected to grow further in the next few years. The country is now catching up, with the government providing infrastructure, incentives, and other benefits to encourage people to transition to sustainable transport. For business […]
Accessing Business Loans for Sole Traders with Bad Credit
Key Takeaway Table Key Point Description Definition A credit score is a score that indicates how likely you are to pay back loans and other debts. The higher the score, the more creditworthy you are to various lenders. A score higher than 600 is generally viewed positively by lenders. What lowers your credit score? Some […]
Brewing Success: Business Loans for Cafes and Coffee Shops
Key Takeaway Table Key Point Description Cafes and Australia’s Coffee Culture Australians love their coffee, with a majority drinking at least one cup a day. In a country with such a strong coffee culture, cafes are resilient businesses that can withstand unforeseen challenges. If you’re looking to open a cafe or to make improvements to […]
Commercial Loans for Real Estate: What You Need to Know
Key Takeaway Table Key Point Description Definition Commercial real estate refers to properties that are used for business purposes. Some examples include office spaces, commercial buildings, retail stores, restaurants, malls, warehouses, and apartment complexes. Business Loans for Commercial Real Estate Business loanscan help with the purchase, refinancing, development, or renovation of commercial properties. You can […]
Accelerate Your Business with Commercial Car Loans
Key Takeaway Table Key Point Description What is a business car loan? A business car loan is a loan made to purchase a car, van, or any vehicle used purely for business purposes. Business car loans are usually chattel mortgages, which means the vehicle itself serves as security for the loan. Although less common, there […]
Exploring the Best Loan Options for Trucking Businesses in 2024
Key Takeaway Table Key Point Description Australia’s Road Freight Transport Industry Background The road freight transport industry is crucial to trade and commerce in Australia. Through the movement of heavy vehicles like trucks and trailers, goods are transported safely all over the country. Although revenues saw a dip during the pandemic, all signs point to […]