Business Loans Sydney

Applying for a secured business loan is similar to applying for other business loans. You need to enter some basic details regarding your business and submit documents as required. However, you need to carefully pick the lender who can meet your business financing requirements, are ready to use your asset as a security and can offer competitive pricing.

We at Broc Finance can help you with that, you can simply apply through our website or send us a message to contact you or simply give us a call on 1300 253 041 to talk to one of our lending specialists.

The most accepted security by the lenders is a real estate property in the name of the company or the business owner/stakeholder.

A few lenders also accept some other assets such as vehicles, commercial equipment, savings in the form of fixed or term deposits or gold as a security.

You are not permitted to sell the assets you pledged as a security without getting approval from the lender.

In most of the cases, a lender would only allow it to sell if the security is replaced by some other form of security, or in rare instances, they consider the loan can be converted into an unsecured business loan which can be due to reduction in overall risk associated with the business.

To be eligible for a secured business loan, you need an active ABN and not necessarily be trading.

The lenders assess the loan eligibility based on valuation of the property and sanction a loan amount up to 80% LVR.

In case you have any scenario to discuss, please reach out to us on 1300 253 041 or send us a message. One of our lending specialists would get in touch in no time to assist you.

With a secured business loan, your option broadens to qualify for a business loan even if you are a startup or new business.

Some of the benefits of getting a secured business loan over an unsecured business loan could be competitive interest rates, ability to get a higher loan amount and longer term.

You may also qualify for a secured business loan with a bad credit score depending upon lenders’ credit policy and other assessment factors.

Please contact us to discuss alternative business loan options that may be available based on your business profile and cash flow.

Traditional banks do offer secured business loans. However, they maintain a strict screening process for loan applications, especially those applied by small businesses, which makes it a difficult and time-consuming process for a small business owner.

Opposed to banks, there are various non-bank private lenders and fintech companies who specialize in providing business loans to small businesses.

Broc Finance is dedicated to assist small businesses with an easy and streamlined process to obtain a secured business loan through its panel of non-bank cash flow lending partners with possibilities of financing within 24 hours. Please get in touch to know more.

Lenders are generally more lenient with secured business loans for borrowers with bad credit history as there are assets that they can use as protection.

We have tie-ups with lenders who are happy to look at businesses who had bad credit history in the past but have robust cash flow at present.

Please get in touch with us for a free consultation.

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.

We would be happy to answer if you have any other questions. Please contact us.