Business Finance from HomeSec: A Better Funding Alternative
Are you in immediate need of business finance in Australia and are you looking for a trustworthy financial institution to assist you? If the answer is yes, then HomeSec Business Finance is the ultimate solution to this problem. Finding finance solutions can become the primary concern for many business owners when they are thinking about expanding their company to enhance growth. Unfortunately, this process is not always easy, particularly if the borrower does not have any equity or has not been trading very long and cannot provide full financial records.
A business might need funding for investing in an expansion, gaining access to funds to support cash flow and working capital. With HomeSec, we deliver business finance alternatives specifically crafted by keeping small businesses in mind. Short term business funding will help them to expand and get them through the trickiest phase to help their business thrive. As one of the leading lending specialists in Australia, HomeSec has already assisted more than 29,000 business owners in getting both short and long-term business funding.
What are the various kinds of Business Finance in Australia on offer?
Obtaining finance for a business is a common dilemma, but various kinds of business finance are available in Australia. There are primarily two types of business finance in Australia present in the market. They are as follows.
Cashflow Funding – Unsecured loans
There are numerous terms and conditions for unsecured finance they also range in interest rates and fees, no security is required however assessment is heavily reliant on your monthly turnover. You will have complete control of the business, and the interest you will pay for the loan is fully tax-deductible. It is challenging to procure this financing type while you are beginning a business as you do not have the past records to substantiate turnover. Examples of unsecured finance include funding from online lenders and banks, overdrafts, supplier credit, business credit cards, and many others.
Equity or Asset Finance
Asset finance will require security to be offered to secure the loan, this would be by way of equity held in a property or perhaps equipment owned by the business. Another alternative which has greater risk is seeking an investor however you may have to surrender a part of the company ownership to the investors who may also want to interfere in the company decisions. Various equity finance sources include venture capitalists, stock exchange, private investors, and more.
Finance for Small Businesses from HomeSec
Many business owners do not realize how hassle-free and fast the process is to apply for business finance in Australia. Now gone are the days of long waits and long forms when you want to apply for finance especially through Homesec as our system is fully automated. Lenders like HomeSec help businesses to get the required funds for the financial growth or managing cash flow in as little as 24 hours. So, when it comes to the funds needed for your business, rather than spending your savings, why not access the equity in your home to obtain funds fast.
Talk to Homesec about how you can get business funding from $20K to $5M within 24 hours of application. You can also borrow money from us to start a business as we do not require full financials. With HomeSec, if you have sufficient equity in real estate you are eligible for business finance funding with us. You will only need an active ABN or ACN, and be able to provide copy of current rates notice, mortgage statement and copies of ID to get the application process underway.
For Which Purpose You can Apply to Business Finance from HomeSec?
The streamlined and rapid application process of HomeSec Business Finance, and fast response from our friendly staff can provide you with funds for your business within 24 hours. Below are some examples of why business owners apply for business finance from HomeSec.
- Equipment funding – upgrading of machinery or new equipment for your business
- Enhancing working capital to grow or expand your business
- Purchasing additional stock
- Paying BAS or ATO debts
- Business expansions, renovations, or fit-outs
- Funding marketing campaigns, promotions, website, or software
- Purchasing new business or commercial premises.
Approval and eligibility of the business finance in Australia is dependent on the credit assessment procedure and the available equity in the security property offered. Call or email us today to discuss how HomeSec can assist you in accomplishing your goals and business requirements and has different types of funding available.