Best small business loans in Australia For Your Company
Small Business loans in Australia are available from $20K to $5M and are available for an business purpose. Whether you are a business owner looking for opportunities to expand your organization or need some assistance with the cash flow, small business loans from HomeSec are the perfect solution. There are fundamentally two types of business loans which are unsecured and secured. A secured small business loan which is secured by available equity in a residential or commercial property. An unsecured loan does not need any collateral however, the interest rates are much higher than the secured option.
What are the eligibility criteria for the Small business funding from Homesec Business Funding?
The eligibility conditions to get small business loans in Australia from HomeSec are as follows.
- Registered ABN or ACN
- Sufficient equity in real estate
- Exit strategy
What is the process of getting small business loans from HomeSec?
You can borrow from as little as $20K to as much as $5M, depending on available equity. The total amount you can borrow from us depends on the equity available in any residential or commercial property offered as security. Now let us check out the process of getting the small business loan in Australia from Homesec Business Finance.
Application for small business loans
First, fill out the online funding application, which will not take more than 3 minutes. You will also have to submit a copy of the current rates notice and mortgage statement relating to the security property along with photo ID. One of our friendly staff with then contact you to run through the process and ask any qualifying questions.
Time for Small Business loans Application Processing
Once you have applied, the HomeSec team will review the information provided and review all your documents. We will issue you with a conditional approval document for consideration, and if acceptable funding can occur in as little as 24 hours. HomeSec is well-known for faster small business loans in Australia within 24 hours, we will not be beaten on speed and service. We will transfer the approved amount directly to your account in real time, no waiting for funds to arrive.
The repayment structure of a small business loan from HomeSec is either 1 – 6 months, with capitalised fees and interest which results in no monthly repayments. Alternatively there is a 12 month loan with interest only payments, this can be extended on expiry if required. The repayments are either capitalised or paid monthly, whichever suits the cash flow of the business most. HomeSec provides flexible repayment alternatives and all loans can be extended beyond the original loan term.
What are the various fees and interest rates of business Loans from HomeSec?
HomeSec provides various ranges of interest rates for small business loans in Australia, which are dependent available equity in the security property offered. The more equity the lower the rate. The interest rate for the business funding from HomeSec Business Finance start from as little as 1.5% per month and the loan structure is based around the clients’ requirements. There is no obligation once an application is lodged, and we do not preform a credit report unless an offer of finance is accepted.
How do the small business owners use the funds from HomeSec in their Company or Business?
HomeSec Business Finance helps to fund business for the following purposes.
- Paying any outstanding invoices
- Hiring for additional employees
- For marketing and advertising purposes
- Buying stock
- Buying a business truck or car
- Improving the cash flow
- Expanding and renovating the business
- Purchasing a new or updating the old equipment
Why is HomeSec the Best Option for Applying for Small Business loans in Australia?
Homesec has been in business since 2004 and offers fast small business loans from $20K to $5M for any business purpose and funds can be in your account in as little as 24hours. HomeSec is completely different from its competitors due to the borrowers’ massive support, helping them get easy access to fast business loans. HomeSec is an alternative to many banks and work with the business owners to find a suitable funding option that works for them and not Homesec. Homesec has become one of Australia’s leading business loan lenders with a Google Review rating of 4.5 out of 5.
So, if you need a business loan for your company or business, get in touch with one of our experts and talk to them about your requirements.