Bad Credit Business Loans
Instant Business Loans for People with a History of Bad Credit
Running a business is not an easy task as the company operations are not always smooth sailing. At HomeSec, we understand many business owners like you might need immediate funding but get declined by financial institutions like banks. But at HomeSec, we even approve funding if you have bad credit as your credit score is irrelevant to us. That is why we have created the eligibility criteria that every borrower will get treated equally, irrespective of the fact that their credit history is clean or impaired. Since there will be no pre-approval checking for this type of loan, your credit record will also not get affected by this.
It is common for business credit files to have more enquiries compared to the non-business owners as they have greater amounts of money owed to different other companies and businesses. There might also be some incidents in the past which are recorded on a file which can result in a lower credit score. The bad credit score might be due to late payments, default judgments, default in loan payments, and missed payments to some financial commitments. But getting a business loan is sometimes required to keep the business performing. Many business owners go through the struggle and can experience stress trying to obtain finance. That is why HomeSec is always there to find a solution to the business owners’ funding problem with bad credit business loans.
How to apply for a Business Loan with a bad credit record
To apply for bad credit business loans, you have to fill out the pre-approval form and enter the desired loan amount. You have to select the purpose for which the loan is required and how the funds will be used. Shortly after we receive the borrower’s loan application, the team at HomeSec will provide you with the decision to allow you to know whether the application is accepted or rejected. If the application request matches our easy-to-pass-through eligibility criteria, we initiate the verification process. After that, the contract gets signed, and the funds get transferred to the owner’s account within 24 hours.
Unlike traditional funding from the bank, HomeSec does not apply strict restrictions of the mainstream lenders and offers customized services to all types of businesses. We always believe in second chances and are always willing to deliver the required funds to the business owners, even when they have a non-existent or poor credit history.
How to mend the credit history of a business?
It is significant for business owners to establish and repair business credit if they want to thrive and grow in a business. However, there are other ways in which business owners can enhance their credit score, which is as follows.
- Make on-time payments
- Keep a track record of your credit score
- Keep business and personal finance separate
- Talk to the lender if you have difficulty making the repayments.
What is the Interest rate for bad credit business loans from HomeSec?
The interest rate for the business loan with bad credit from HomeSec is as low as 1.50% per month, which is one of the lowest interest rates in Australia. Since the bad credit definition is quite subjective, the definition can change from lender to lender. If your business is currently in receivership or as a Director you are bankrupt, then HomeSec can only assist if these debts are paid from the loan proceeds. However, if you are already discharged from any debt agreement or bankruptcy, the eligibility criteria for the loan can be dependent on the business performance since the discharge date. If you also have a few defaults, these may need to be paid however they do not preclude you from getting a business loan with HomeSec.
Why HomeSec Business loans with bad credit are the best?
Banks always decline the borrowers due to the history of bad credit records. We understand that most of these circumstances are due to court litigations, unpaid invoices, and various other reasons which are usually not under their control. Our experienced and friendly finance specialists are trained to assist business owners just like you. We offer a solution suitable to the needs that fit the business demands, whether for the short or long term.
Speak to one of our lending experts today and find out if you are eligible for the loan.

Our Customers
Homesec came to the rescue when another short term lender would not let me extend my existing loan. Homesec paid them out and then allowed me to extend until I was in a position financially to pay them out. They are fair and flexible which is exactly what I was looking for.
Richard - Business Owner from QLD
The team at HomeSec are genuinely helpful and a pleasure to deal with. The online application app is very easy to use. Initially you only need to enter the minimal amount of information into the app to get a fast response from one of the BDMs. This is good news when I get busy. Highly recommend HomeSec.
John Cooper
Dealt with Vince Bolger for some urgent finance for a customer. His knowledge and his after hours response allowed me to find a quick finance solution for my clients and I was able to provide an awesome outcome/solution. Thanks Vince for your help and guidance.
Matthew Sharlassian
HomeSec where easy to deal with and understood the needs of small business the application process was simple and quick i couldn’t be happier with them
Melanie Davis
Vince from Home Sec was so easy to deal with. This was my first experience with this organisation. Simple process, easy for my clients to navigate their process. Will definitely be using them again if need be.
Brad Frost
Homesec is the go to funder for our clients’ short term funding requirements. Thoroughly professional and they deliver on time every time. Private funding can be a minefield so its god to know there’s one you can trust.
John Brice
Excellent people to deal with. Proactive, Commercial and Understanding. Highly recommend Paul, Jason and the rest of the HomeSec team for your private lending needs
Paul Dubois
I have been dealing with HomeSec for some time and always find them professional, prompt and fantastic to deal with
Peter Cook
Superior effort from the staff at HomeSec. Had my loan approved within a day with no problems. I Highly recommend their services.
Leon Mand
It was a pleasure working with HomeSec right from the beginning. They act with integrity and are very transparent with the service they provide. I would highly recommend using HomeSec Business Finance to anyone.
Courtney Cochrane
Dealing with Vince and the team at Homesec is always a pleasure, experts in their field, quick to answer any questions, clear communicators. If i could give 6 stars i would!
Anthony Bacic