HomeCommonly Asked QuestionsGetting Started & Eligibility
Commonly Asked Questions

Getting Started & Eligibility

The starting point questions, answered straight. Who qualifies, what lenders check, what paperwork you need and how a deal actually runs. Written for businesses that are already trading, not for day one startups.

Would I be eligible for an unsecured line of credit?Read the answer →What credit score do I need for a business loan?Read the answer →How does the commercial finance process actually work?Read the answer →What types of business loans are there?Read the answer →What documents do I need to apply?Read the answer →What are typical business loan interest rates?Read the answer →What do I need to qualify for a business loan?Read the answer →Can I get a business loan with just an ABN?Read the answer →How long does it take to get a business loan?Read the answer →Do I need a personal guarantee for a business loan?Read the answer →Can I get a business loan without full financials?Read the answer →How much can my business borrow through a business loan?Read the answer →Do you arrange business loans Australia wide?Read the answer →How long does my ABN or business need to be trading for a business loan?Read the answer →How much turnover do I need for a business loan?Read the answer →Business loan or personal loan for my business?Read the answer →What can I use a business loan for?Read the answer →Can I get a business loan if I have ATO debt?Read the answer →Secured or unsecured business loan, which is right for me?Read the answer →What fees come with a business loan?Read the answer →How do I improve my chance of a business loan approval?Read the answer →How do business loan repayments work?Read the answer →How do lenders assess a business loan application?Read the answer →What business finance is available to an established business?Read the answer →Do I need a business plan to get a business loan?Read the answer →Fixed or variable rate on a business loan?Read the answer →Can I get a business loan with a few marks on my credit file?Read the answer →Do lenders look at my GST and BAS before approving a business loan?Read the answer →Can I apply to more than one lender at the same time?Read the answer →What actually happens at settlement on a business loan?Read the answer →What is conditional approval and what comes after it?Read the answer →How much deposit do I need for a business loan?Read the answer →Do my tax returns need to be lodged to get a business loan?Read the answer →Does applying for a business loan hurt my credit score?Read the answer →How do lenders work out what my business can afford to repay?Read the answer →How many business loans can I have at once?Read the answer →Is the interest on a business loan tax deductible?Read the answer →Do I need independent legal advice before signing a guarantee?Read the answer →What is the smallest business loan I can get?Read the answer →Can I repay a business loan early?Read the answer →What does a director guarantee actually cover?Read the answer →What are add backs and how do lenders treat them?Read the answer →What happens to my business loan if rates rise?Read the answer →Is a non bank always more expensive than a bank?Read the answer →Can I get a business loan after a drought or disaster?Read the answer →How do I finance a pharmacy purchase?Read the answer →Can I get a business loan for a hair or beauty salon?Read the answer →Can a not for profit get a business loan?Read the answer →What determines my business loan interest rate?Read the answer →Does the Australian government lend to businesses?Read the answer →Does payroll tax debt affect my borrowing?Read the answer →Can I get a business loan for a retail business?Read the answer →How do I finance a childcare centre?Read the answer →How do I finance an accounting or law firm?Read the answer →Can I borrow with super guarantee arrears?Read the answer →How do lenders view a franchise?Read the answer →Can I choose weekly or monthly repayments?Read the answer →What is an annual review fee?Read the answer →What business loans can I get as an ABN holder?Read the answer →Can I borrow against an R and D rebate?Read the answer →Can I get a business loan for an ecommerce business?Read the answer →Why are short term business loans more expensive?Read the answer →How accurate are online business loan calculators?Read the answer →Is a grant better than a business loan?Read the answer →What business funding does my state government offer?Read the answer →Can I get a business loan for a manufacturing business?Read the answer →How does a seasonal business get finance?Read the answer →What do I pay before a business loan settles?Read the answer →What export finance is available to Australian businesses?Read the answer →How do I finance an allied health practice?Read the answer →How do importers and wholesalers fund stock?Read the answer →Can I give a lender read only access to my bank data?Read the answer →What should I check in a business loan contract before I sign?Read the answer →Are some industries harder to finance than others?Read the answer →Will lenders accept management accounts instead of financials?Read the answer →Do I have to move my banking to the lender I borrow from?Read the answer →What if my circumstances change before settlement?Read the answer →How does a business loan appear on my balance sheet?Read the answer →Can I negotiate the terms of a business loan?Read the answer →Can I get a business loan if I rent rather than own a home?Read the answer →How do I compare two business loan offers side by side?Read the answer →How long does a business loan approval stay valid?Read the answer →Does a new company reset my trading history with lenders?Read the answer →Can I borrow if I plan to sell the business soon?Read the answer →Is there a cooling off period on a business loan?Read the answer →How long do credit enquiries stay on my credit file?Read the answer →Can I borrow if most of my revenue comes from one customer?Read the answer →Do lenders check my business credit file as well as my personal one?Read the answer →Does an unpaid court judgment stop me getting a business loan?Read the answer →How old can my financials be before a lender wants updated ones?Read the answer →Can a director in a Part 9 debt agreement get business finance?Read the answer →Does business debt reduce my personal borrowing capacity?Read the answer →Does taking on debt affect what my business is worth?Read the answer →How do lenders verify my identity for a business loan?Read the answer →What should I tell a lender the money is for?Read the answer →Will my business loan show on my personal credit file?Read the answer →What is a debt service coverage ratio and what do lenders want to see?Read the answer →How do lenders treat income from a related entity?Read the answer →Does a recent change of business ownership affect my borrowing?Read the answer →What is an accountant’s letter and why does the lender want one?Read the answer →Can a director on a temporary visa get a business loan?Read the answer →Does a director’s divorce affect the business borrowing?Read the answer →Can I find out how much I can borrow before I apply?Read the answer →Do lenders restrict business lending by postcode?Read the answer →Do I have to give the lender access to my accounting software?Read the answer →Can I use a business loan to pay off personal debt?Read the answer →Can a business borrow if a director was once bankrupt?Read the answer →Do I need life or key person insurance to get a business loan?Read the answer →Can my spouse be asked to guarantee a business loan?Read the answer →What happens at an annual review of my business facility?Read the answer →Are business loans covered by the same rules as consumer loans?Read the answer →What happens if one director will not sign the loan documents?Read the answer →Do I have to tell a lender about a legal dispute?Read the answer →Can I withdraw a business loan application after submitting it?Read the answer →Why does my ANZSIC code matter to a lender?Read the answer →Can I get a business loan if my last year showed a loss?Read the answer →What do the Equifax credit score ranges mean in Australia?Read the answer →What is a risk grade and how do lenders set mine?Read the answer →Why do lenders check my ASIC company record?Read the answer →How do lenders treat cash takings in my sales?Read the answer →Can a foreign owned Australian company get business finance?Read the answer →Will a lender want to see my customer contracts?Read the answer →How do I get the ATO documents a lender needs?Read the answer →Is my bank statement data safe?Read the answer →Why do lenders need my bank statements?Read the answer →What does my Equifax credit score mean?Read the answer →

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