Comparing Lenders
- Loan Amounts: Understanding the range of loan amounts offered, up to $4M, to ensure your business needs are adequately met.
- Repayment Terms: Repayment terms can be monthly but more commonly they’re fortnightly or weekly. Lenders that cater to credit impaired business owners often have daily direct debit repayments. It’s important to understand a lender’s repayment frequency as the shorter timeframes can place a strain on cash flow.
- Business-Specific Benefits: Some lenders may offer additional benefits tailored to business needs, such as flexible drawdown options or genuine revolving lines of credit.