Business Loans

To qualify for a business loan, you at least need to hold an active ABN.
However, generally, to be eligible for a business loan, you need to:

• Have an active ABN
• Be operating for minimum 6 months
• Have minimum trading income of $5k per month.

The borrowing capacity of your business depends on various factors like the cash flow position, turnover, financial strength, industry, credit history of the business. If you wish to know your loan eligibility criteria, please send us an enquiry and one of our lending specialists will get in touch to discuss your scenario and suggest an indicative quote for your business.

The timeframe to get a business loan depends on the business loan product you are looking for. However, there are business loan which can get approved within as low as 24 hours.

You need to understand the nature of your business and its financing requirements to select the right product for your business. To highlight few of the factors, you need to assess whether it’s a long term or short-term requirement, seasonal or ongoing requirement, does your business have delayed invoice payment issues etc. We understand that choosing business loan product from the range of options could be a stressful task and hence, we provide an obligation free personal consultation to our customers to understand their requirements and suggest the best suited option for their business.

Yes, absolutely, you can get a business loan either to start a new business or buy an existing business if you hold an active ABN. However, there are limited options for new or start-up business loans and you would require pledging an asset as a security.

Getting a business loan with bad credit history could be tough and expensive however, it’s not impossible. We have tie up with lenders who are happy to look at businesses who had bad credit history in past but have robust cash flow at present. Please get in touch with us for a free consultation.

Simply submit your application through Apply now or send us a message/ call 1300 253 041 for one of our lending specialists to give you a call and discuss your requirements.

At Broc Finance, we endeavour to get the most adequate facility suitable to the business requirements of our clients. In most of the cases logged in through us, we try to get an indicative offer from the lender for our client’s consideration before proceeding with formal application and consent to credit check. This approach helps our clients to avoid unwanted rejections and credit checks which can significantly impact their credit score. Please feel free to contact us if you have any other questions. We would be more than happy to answer it.