To Ask a Business Lender
Getting business finance should be easy, and you should feel comfortable with the finance company you’re
Plus you should be able to ask lots of questions, and get straight answers, and have those
answers backed up in writing.
? What if I want to repay my business bridging loan or 2nd mortgage loan early?
? What if I can’t repay when the loan is due, and I need more time?
? Do you lend your own funds? Are you a genuine lender, or a broker acting as a lender?
? What if I can’t repay the loan by the due date?
? Will you still fund me if I have a tax debt?
? Are you Australian based and where is your physical location?
? Are these loans fully tax deductible?
More Valuable Questions to Ask
? Do I have to pay thousands of dollars up front before I get the loan?
? Do you do slow and expensive sworn valuations, or just a quick market assessment?
? Will you need to go inside the security property?
? How fast can you honestly fund these business loans?
? Do I need to provide full financials?
? Do you worry if I have a low credit score or I am behind with my 1st mortgage?
These are all very important questions that you should be asking. So make sure you ask all of these questions before you commit with any business lender.