*The Interest Rate is calculated on a Secured Loan for business use, effective 27/02/2021 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Business Finance - Business Loans
Business.finance is THE essential source for astute and savvy commercial operators who want the best deals in Australia. A hub of information, explainers, hints and tips and direct links to lenders for the cheapest quotes available. Resources selected, verified, checked and recommended by industry professionals who understand the demands of Australian business. Industry-based information to explain in simple terms even the most complex business finance facilities. Information on finance products which you may not realise are available to your business.
Today’s business only works on connectivity. Commercial success depends on making the right connections, quickly. Profitability and productivity can very much depend on securing the best deals.
This is the site for the commercial operator that wants a better way to source loans.
A fast way to connect with contacts that experts have brought together in the one place.
Lenders that have been sourced by experts that are accredited with a large number of banks and lenders.
Information prepared by specialists.
Providing you with direct and priority access to lenders that may be able to assist you.
Multiple loan types and facilities in the one hub.
Opening doors, overcoming roadblocks – solving the issues faced by today’s commercial society.
Australian-owned and operated service – we understand the needs of Australian commercial enterprises across the country. From the major cities through regional areas and into the most remote locations.
Providing accessibility to quality lending services.
NATIONWIDE SERVICE – SYDNEY, BRISBANE, MELBOURNE, PERTH AND MORE LOCATIONS ACROSS AUSTRALIA
We have direct contact with over 60 Lenders. Direct connections with the right person in the finance sector that can assist you.
Industry-Only Lending Sources
Direct access to the lenders to discuss your requirement.
No waiting – and your request is attended to.
Save time, save the hassle.
Fast approvals, prompt service, personalised attention.
Streamlined access to hard-to-find commercial loans.
Finance and Lending Solutions to all Commercial Requirements
Expert advice and service from licensed, professional brokers accredited with multiple lenders
Curated by expert loan professionals who understand the needs.
Browse the site to easily find the loan source that you need.
Enter details of your requirements.
Receive a shortlist of lenders that can assist you.
Select your preferences.
Your request is immediately sent to the lending team to address your requirements.
We can connect you with banks, brokers and lenders to discuss financial solutions for your commercial enterprise.
Connect with us today.
Compare Interest Rates across the Business Loans Portfolio
The interest rate on commercial products varies across the portfolio of options. This chart shows the rates we are currently achieving for each facility. Enter the amount of your loan and loan term to see how the repayment estimates vary with the different financing structures. Compare Leasing against Chattel Mortgage, CHP against Rent-to-Own to and other actions to assist with your loan preparation and asset acquisitions
Disclaimer: The purpose of the interest rate comparison table is to provide a guide only and for comparing the interest rates on different loan products. Not all charges and fees as applied by lenders and brokers will be included in the repayments calculated. The repayment is an estimate only. An offer made to you by a lender may be at a different interest rate and have a different repayment. Using this device is not an application, any indication of an offer, and is not a loan approval.
Business Finance Calculator
Stop dreaming about that equipment and take action on making it happen! Use our online equipment finance repayment calculator to get an estimate on repayments for the equipment of your dreams.
Business Finance FAQs
The acquisition of assets such as equipment, plant, machinery, trucks, cars and other vehicles can be a significant process for many businesses. To assist in the decision-making we have provided detailed information covering many aspects related to the finance side of the process. In this section we address specific queries to add to the details on our web pages. For more direct responses to your specific queries, please reach out to us on 1300 000 003
What businesses can apply for business finance?
All types of commercial entities are eligible to apply for financing. This includes SMEs, family enterprises, sole traders, owner operators, large corporate structures, and those operating as an ABN only holder. The minimum criteria to be eligible to apply for a loan is to hold a current ABN and to have identification. Being registered for GST is not an essential requirement but can be viewed favourably by some lenders. Lenders will request a range of documentation in relation to the financial position of the business. These docs may include BAS statements, income tax returns, business accounts, assets and liabilities statements, bank statements, etc. Operations that do not have all the docs required by a lender may seek to apply for a Low Docs, No Docs, or ABN Only Loan.
What assets can be financed with business loans?
In general, most equipment, plant, machinery, vehicles, and other assets are eligible for commercial loans. This would extend across most industry sectors and include both heavy machinery and equipment as well as general office equipment such as IT, security, and other furnishings, furniture, and fixtures. Software can also be financed. Chattel Mortgage, Leasing, CHP and Rent to Own are essentially secured loans and suited to physical assets. Where used assets do not meet the criteria of a lender for these facilities, an Unsecured Loan may be sought. If an operation requires lending for ‘intangible’ items such as training, ongoing cash flow support, and similar, a general Commercial Loan, Lender Overdraft, or other facilities may be suited.
What interest rate will I get?
The interest rates displayed on our website for each of our facilities and loans are the best rates we are currently achieving and offering from across our lender base. Commercial operators that do not have all the docs requested by lenders may still achieve the interest rates as displayed but with stricter criteria and/or additional conditions applied to the loan. This would typically apply to Low Docs, No Docs, and ABN loans and include additional security being requested, a good credit profile required, and possible limits on the total loan amount and term of the loan. For a specific quote on your specific requirements, you would need to request a quote.
Are all business finance products tax deductible?
All commercial lending includes a tax benefit to operators but is realised in varying ways and at varying times over the loan term and the financial year. This may be dependent on the accounting method used. With Leasing and Rent to Own, the loan repayment is considered as an operating expense and is tax deductible. With Chattel Mortgage, the interest is tax deductible but the major tax benefit is realised when the asset is depreciated at the end of year commercial accounts. Depreciation of assets is scheduled by the Australian Taxation Office. A percentage of the value of the asset as established by the ATO is depreciated as a tax deduction each year over several years. An asset may not be fully depreciated over the loan term, it may extend beyond that term. For details regarding your specific operation, refer to your accountant.
What is the best type of finance?
There is no universal best type of commercial loan. The best is the one that is suited to your specific commercial set up, is sourced at the cheapest interest rates and structured to meet your individual requirements and financial objectives. The choice of which lending product best suits your commercial operation requires consideration of the accounting method implemented (cash or accruals); how your operations treat GST, balance sheet and tax deductions; and other aspects around accounting procedures. It is advised that owners consult with their accountant, CFO or advisor in selecting a loan product. If an operator is seeking to take advantage of accelerated asset depreciation measures as introduced at times by the government, then Chattel Mortgage is best suited to these measures. Such measures include Instant Asset Write Off and temporary full expensing.
Why Use Business Finance
How Do We Get Interest Rates So Cheap?
With our superior negotiating skills, our strong bargaining power across multiple lenders and a determination to deliver the best deals for our customers.We work in your best interests to get you the best rates.
Whatever industry you operate in, whatever equipment, plant and machinery you need to run your business, Business Finance can assist with finance. We have expertise in Truck & Trailer, Earthmoving, Mining,Civil, Commercial Marine, IT & Computers, Office, Medical Finance, Manufacturing, Industrial Plant and many more.
As independent finance brokers, we work in your best interests, not to appease shareholders, share prices or meet targets and make profits for big financial institutions. We want to make profits for you, our customers. We are a well-established, Australian-owned company with extensive expertise and vast experience in providing workable financial solutions for Australian businesses, from the smallest owner-operators to large corporations. Our consultants are licensed accredited professionals who will guide, assist and support you through the loan process, empowering you with the information, and great loan deals, to make informed financial decisions. Credit is a cost to business but it does not have to be a burden that limit your potential. Jade ensures that every loan offer we make is a workable solution that will benefit your business.