Need Business Finance in Australia? HomeSec is here to Help
Any business cannot run without adequate business finance. Thus, it is unavoidable and imperative to know the concept of business funding which is every organization’s cornerstone. Business funds are necessary to buy goods, equipment, raw materials, and assets and execute other business activities. In short, business funding can be necessary for running daily business operations.
Business funding is useful when the business needs a capital injection. The capital pooled by the business owners in the company is often never enough to meet the financial requirements. So, the need for proper business management increases even more. A business might need additional funding for any purpose, like purchasing equipment, another production plant, raw materials or improvement for further development.
Significance of Business funding from HomeSec
Below are some reasons why business funding is significant for all companies.
Wealth maximization is entirely different from profit maximization. Wealth management is holistic and makes sure the business continues to grow.
Constant capital availability
Businesses require continuous cash flow for any company or business to survive. It includes the funds availability at the precise time they are necessary. Unless there are sufficient funds, the business will never function accurately.
Efficient fund utilization
It is another significance of bad credit business finance in Australia. A business cannot reduce unnecessary costs entirely and often invests in assets that are not required. Thus, business funding from HomeSec also offers efficient fund utilization as you can implement strategies to use funds wisely to promote or expand your business.
Different Types of business finance in Australia
Below are some of the most common business funding HomeSec offers its borrowers for their business.
Cash flow lending
This short-term funding is perfect for meeting instant cash demands for daily expenditures in a business when you do not have a strong repayment history but have equity that you can submit as security for the loan. It is secured funding to use for purposes like paying the rent, payrolls and refilling the inventory or stock. You can repay the loan from the profit and revenue your business will generate within the term.
The borrower can also opt for cash flow loans if they have a low credit score or multiple outstanding debts. Provided there is sufficient equity in real estate then Homesec is almost certain to be able to assist, there are also competitive interest rates from HomeSec.
Equipment or vehicle finance
Equipment, asset or vehicle funding is traditionally a long-term loan to buy the necessary business assets. In this loan type, the lender will directly pay the required capital to the asset seller. Borrowers can also get bad credit business finance with flexible interest rates. Homesec can also provide vehicle business finance if you have the sufficient equity available.
You only need minimal documentation for this loan approval, like business registration details, rates and mortgage statements for the property being used as security. The borrower can also claim tax benefits on the loan costs.
You may need to provide the invoice for the vehicle purchase if you are buying as a sole trader and not a company. The borrower also has no additional costs if they terminate or repay the entire loan early.
Mortgage Equity Finance
Traditional lenders offer Mortgage equity finance, this is loan term finance that you can get using asset equity with a current ongoing mortgage. Many business owners and individuals use mortgage business finance for refinancing their present funds. This loan comes with additional fees for the establishment, maintenance and evaluation. But remember, mortgage equity funding will increase your current debt and other repayment commitments. So, you should be sure to keep it in a stable position and manage your loan.
Invoice financing assists business owners in meeting the working capital requirements, buying equipment, plant, another business and other commercial properties. You can get working capital on the invoice value of up to 80%. It will allow business owners to finance daily operational costs like transportation charges, delivery costs, inventory, and raw materials.
Why is bad credit business finance from HomeSec different from other lenders?
Whether you need finance for starting, growing or acquiring a business, you can avail any of the business financing solutions of HomeSec to convert your business dream into reality. All our funding products include features like:
- Fixed competitive interest rates
- No monthly or ongoing fees
- Flexible repayment structure
- Interest only payments or capitalised options
If you are considering applying for business finance in Australia, connect with us to discuss your business objectives with any of our team members.
If you have sufficient equity in real estate, you are almost certain to be APPROVED and funded within 24 hours.
Frequently Asked Questions
Full financial documents are not required, in some cases we may need to see business bank statements.
Once an application has been submitted funding can occur in as little as 24 hours
Loan terms range from 1 month to 12 months. Interest and fees can be capitalised or you can select a 12 month interest only option.
Right here at Homesec Business Finance, our funding can occur in as little as 24 hours.
Along with completing our online application, you will need to provide ID, rates notice and a current mortgage statement.