What Is A Business Loan?
Whether you’re buying a new business or need help purchasing equipment, a business loan can enable you to overcome the various financial hurdles that come with running a business. With access to hundreds of different business loans, our goal is to ensure your loan is set up to maximise your investment. At Your Advisor Group, our brokers can help you find a flexible business loan for:
- Business working capital
- Buying a new business or franchise
- Buying or investing in commercial property
- Residential & commercial property development
- Equipment finance
And more. From
business overdrafts to lines of credit, a business loan can help with managing day-to-day tasks, as well as capitalising on opportunities to invest in scaling. To talk to our friendly
finance brokers about business loans, get in touch today.
Business Loans Types & Features
Secured Loans
A secured loan is when the lender will use the asset as security against the loan. This type of loan generally has a lower interest rate because their is less risk for the lender.
Unsecured Loans
The business will not have to provide the asset as security against the loan. The lender will typically offer a higher interest rate for this loan due to increased risk.
Fixed Rate Loans
A fixed rate loan simply means your interest is locked in place for the agreed upon term. Fixed interest makes budgeting and forecasting easier with your repayments staying the same.
Variable Rate Loans
A variable rate business loan means your interest rates and repayments will fluctuate based on interest rate rises.
Interest Only Loans
An interest only loan means you will only be making repayments off the interest rather than the principal.
The Business Loan Process
When you choose Your Advisor Group, we’ll walk you through the entire process to help you make an informed decision. This is how we help our clients secure business finance:
Create a Plan
Our brokers will ensure you have a solid understanding of your business strategies and objectives to give you the best shot at approval. Having a clear business plan is crucial to getting your loan approved and being able to answer any questions about how you will use the money.
Risk Profile
We’ll explore your personal and business credit history to get a better understanding of what we are working with. We’ll work together to paint your business in the best way possible.
Strategise
Borrowing the maximum amount you can isn’t always the best move. Our brokers will delve into your past financial statements to help understand your future cash flow forecasts to determine your monthly repayments.
Understand Offers
We’ll help you understand the pros and cons of the various business loans available to you.
Apply
Once we’ve worked through these steps, we’ll submit your application for a business loan.
Book a free 15-minute discovery call today!
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Your Advisor Group Pty Ltd ACN 631535236 is authorised under LMG Broker Services Pty Ltd ACN 632 405 504 Australian Credit Licence 517192
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Terms and conditions
The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
1There may be occasions where you may be charged a fee by your broker.
2Your broker is able to assess each lender's approval times and identify those that can provide approval quickly, however this is subject to change and can vary significantly based on how complex is your loan application and how quickly you’re able to provide the information we need.
3Not all lenders are available to all brokers. The exact details of the lenders your broker has access to is disclosed within the Credit Guide your broker gives to you when providing credit assistance or is available upon request.
