Small Business Loans
Get the funding you need to bring your small business to new heights.
Getting the right financing for your small business is crucial to its survival and success
Securing the right financing means you can empower your business to thrive. Whatever your goal may be — expansion, investing in equipment, or simply looking to manage cash flow, the right small business loan can be a game changer for you.
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Small Businesses are the Backbone of the Economy
In 2023, small and medium enterprises (SMEs) accounted for a third of Australia’s gross domestic product. SMEs make up a sizeable sector that employs millions and drives the economy forward. When small businesses succeed, the economy thrives.
However, the path to growth and success isn’t always smooth. Often, it’s riddled with financial challenges preventing businesses from achieving their goals. Access to capital is a critical factor in the ability of small businesses to navigate these hurdles and reach success.
Small business loans play a vital role in overcoming these challenges, providing the necessary funds to pay for operational costs, invest in new equipment, expand operations, hire valuable employees, and weather unexpected economic storms.
With the right financing, small businesses can also seize opportunities that might otherwise be out of reach, like entering new markets, increasing production capacity, or enhancing their online presence. The right funding can open up a whole world of opportunities for small businesses.
Reach Your Business Goals with the Right Funding
Tailored Solutions
Every small business has its own goals. Some need working capital solutions, while some aim to expand and smash ambitious growth targets. We’ll help find financing solutions that fit your business’s unique needs. We know the ins and outs of small business financing, so we can connect you with the best lenders that can provide the right terms and rates for your situation.
Quick Turnaround Times
In many cases, businesses need financing urgently—you may be dealing with a problem that needs a fast funding solution, or in a rush to seize time-sensitive opportunities. We can help you get solutions with fast turnaround times. Get financing in as fast as 24 hours.
Low or No Doc Applications
Not all businesses have complete documents for a loan application and there are valid reasons you may need a solution that’s light on documents. Dark Horse Financial can help you find the best low or no-doc loans.
Terms from 3 Months to 30 Years
Loan terms determine how much you’ll pay regularly and how long you need to pay. Many consider longer terms to be ideal, but that’s not always the case because businesses have varying needs. We can help you get access to different loan terms, some as short as a few months and some as long as a few decades. Moreover, we’ll help you determine the loan duration that fits your needs the best.
How to Get a Small Business Loan with Dark Horse Financial
Need a small business loan? Start by assessing your needs, like the loan amount and purpose. You should also take a quick look at your financials and credit score to see where you stand currently. Next up, contact our team of loan specialists who will guide you through the available loan options, helping you choose the one that best suits your business goals. We understand every business is different, so we’ll look through our long list of lending partners to see which one can give you the loan you need when you need it.
Once you’ve made a decision, you can complete the application process with our assistance. We’ll handle your application to ensure that you get the best rates and the fastest turnaround times. Upon approval, you only need to sign the loan agreement to accept the terms, and the funds will be disbursed to you. It’s that simple. Here at Dark Horse Financial, we have a client-for-life approach, so you can count on us even after loan settlement.
FAQs for Small Business Loans in Australia
Small business loans are available from a wide variety of lenders, from banks to non-bank institutions. They can be used for any purpose and can come in many forms, like secured and unsecured business loans, equipment finance, invoice finance, and more. Business loans will have a principal amount and an interest rate, and the borrower must pay back both in instalments over the course of the loan term.
Interest rates can vary widely, ranging from about 5% to over 30% per annum, depending on the loan type, lender, and the borrower’s creditworthiness.
Lenders typically require a minimum trading history of 3 months to 2 years, but this can vary by loan type and lender. Some lenders offer business loans with no trading history requirements.
Yes, there are loan options for businesses with poor credit histories, though these usually come with higher interest rates and stricter repayment terms. Lenders may be more willing to lend to those with bad credit if the loan is secured with an asset.
Loan amounts can range from as little as $10,000 up to $50 million, depending on the lender’s policies and your capacity to make repayments.
Some loans, like unsecured loans, don’t require documents, and assessments can be made with a read-only view of business bank statements. However, small business loan applications to banks typically require financials, tax portals, personal tax information, loan statements, a statement of position, and property-related documents like a contract of sale or invoice when financing property and goods. Other lenders may require a portion of these documents.
Many lenders allow early repayment without penalties, but it’s important to confirm this as terms can vary between different financial products and lenders. Break fees can be expensive when they apply, so make sure to read the fine print and consult your lender before making any early payments.
Fees can include application fees and valuation fees. There are also fees for defaults and other items specific to each loan. Your loan agreement will list all fees and charges for your loan and you can request a schedule of fees before you make an application.
Yes, a number of lenders offer small business loans for startups.
Depending on the lender, some terms of the loan can be negotiable, particularly if you’re considered a strong applicant by the lender.
Ready to Get Started?
Take the first step towards achieving your homeownership and investment goals with Dark Horse Financial. Contact us today to schedule a consultation with our experienced loan brokers.
