Access Bad Credit Business Loans from HomeSec with More Options
Several Aussie business owners get rejected for loan applications from traditional banks or conventional financial institutions due to their poor credit rating or history. But at HomeSec, we believe that your past should remain in the past and presently judge your application. We have already helped many Australian business owners turn their companies around with the assistance of business loans for bad credit. We do not pass any judgments on the borrowers and only provide the proper support to them by assessing their applications.
Whether you are looking for opportunities to grow, recruit new staff, cover daily operational costs or expand your business, we have different financial options. With more than 18 years of experience, our specialist team is well-trained to provide customized loan products according to your requirements.
Different Types of business loans for bad credit
There are primarily two types of business loans with bad credit. These are:
Capitalised bad credit loans
In this loan type, you can secure the funding against the equity in your home and have all the fees and interest capitalised into the loan and repaid at expiry. Capitalised Secured bad credit loans in Australia from HomeSec are great for cash flow.
Interest only bad credit loans
In this loan type, the borrower also uses the equity in the property but will be required to make interest only payments. This option is for long term 12 month loans.
How can secured bad credit loans in Australia help you?
A bad credit rating or history means that traditional lending institutions will see you as a risk, and it becomes difficult to get loans from them. However, HomeSec offers support to those business owners seeking loans with a bad credit report at a competitive interest rate and best repayment periods. You can use the funding from business loans for bad credit for the following purposes.
Starting a new venture
Do you always want to become your boss? If yes, HomeSec has various business loan options for entrepreneurial people with bad credit.
If you have outdated or broken equipment, it might be costing you profitable income. A business loan for poor credit will assist you in being back in the game by buying new equipment.
Marketing and Advertising
If you want to create more leads and sales or build your brand, you should invest additional capital in advertising and marketing. Bad credit business loans can help you for this purpose.
Maintenance and repair
When your technology or machinery is not working appropriately, it can affect your bottom line. Business loans with bad credit are helpful in this circumstance.
Working capital through loans with bad credit can assist you in solving all your short-term financial requirements. It is best to use this funding if you need an additional boost and is in a tight financial spot.
Recruiting new employees
With extra staff, you can remain more profitable and productive. So hire new staff and pay additional salary with the help of bad credit business funds.
While expanding the business, sometimes the business owner needs to increase the inventory. It is especially applicable to seasonal sales. You can get the additional funds to purchase required inventory with business loans, even with bad credit.
Buying or leasing new premises
Did you have outgrown your current business location and want to move somewhere more accurate for your operations? Business loans for bad credit will offer you the necessary funds to buy or lease new premises for your company.
Covering tax debts
If you have an outstanding tax debt with the ATO secured bad credit loans in Australia can assist you in paying off your tax debts without difficulty.
Why Select HomeSec as your Bad Credit Business Loan Lender?
Bad credit business funding can offer your company the necessary financial resources and boosts your credit score. By receiving business loan approval from HomeSec and making all the repayments on time, you can observe an increase in your credit score. It helps business owners to get back in the game.
Bad credit business finance from HomeSec offers you the opportunity to obtain finance even when traditional banks reject it. We offer you a second chance for financing with flexible interest rates and repayment terms. We provide you with a perfect solution that will suit you and help your business to get on the right track to move forward with positive financial resources. The reason why HomeSec is the first choice for most business owners in Australia for bad credit business loans is as follows.
- Greater flexibility and lenience compared to traditional banks
- Provides support to customers with bad credit
- Customized loan terms according to the borrowers’ affordability and needs
- Faster application approval and procedure
- Wide range of loan borrowing amounts
HomeSec understands the finance world and offers extensive guidance on business loans for bad credit. So get in touch with us to know more.
If you have sufficient equity in real estate, you are almost certain to be APPROVED and funded within 24 hours.
Frequently Asked Questions
Bad credit is when you have a default or judgment recorded on your credit file, it can also relate to the number of enquiries you have made.
Credit history or credit defaults are not relevant to our funding, so provided you have sufficient equity in real estate you are almost certain to be approved and funded in as little as 24 hours.
Yes, provided you have sufficient equity in real estate.
Loan options available are capitalised loans from 1 – 6 months or a 12 month interest only option.
Bad credit does not stop you from qualifying for business funding with Homesec Business Finance.