Get in touch
Complete the form below and a member of our team will contact you soon to discuss your enquiry.
"*" indicates required fields
Frequently Asked Questions
Does my business need to be registered for GST to obtain commercial finance
The short answer is no. What’s important is your ability to service the loan and any existing commitments with your current income.
What if my tax returns are not up to date?
Don’t worry. Existing business and/or asset-backed customers can still apply for up to $500k without financials through our low-document options.
What is a low-doc loan?
Low-doc (or low documentation) loans require less documentation to prove your financial status than a standard loan. They’re offered for business customers who may not be up-to-date with their financials and tax returns.
Qualifying for a low-doc loan usually requires a combination of property ownership or a considerable deposit, previous loans of similar value, trading history and a clean credit file. Our team can help you discuss any other requirements and choose the best way forward for your application.
What if I have defaults?
We can still help. We recommend paying any default as quickly as possible. With proof of default payment and a clear explanation of why it happened, we can work with a lender to give them confidence in your financial position and ability to repay any future commercial loans.
How long will an approval take?
Sometimes within just hours, depending on your type of application and the supporting documents you have supplied.
Will my house be used as security against the loan?
No, not normally – having an asset such as a house works in your favour. It demonstrates a strong financial position and reinforces your ability to manage personal finances, giving potential lenders confidence that they can lend you the funds you need.
Can I pay my commercial loan out early?
Yes, but commercial loans typically have a set term so you may have to pay early finalisation fees. A specific length of loan is also beneficial as it can help protect your cash flow.
How long does settlement take?
Settlement can be finalised within a matter of hours, depending on the quality of your application and supporting documentation.
What Documents will I need to supply?
The standard documents required are a current valid Australian driver’s licence, Medicare card and possibly a passport. A current Rates notice is also needed if you are asset-backed.
What if my business operates under a trust?
Typically, you will need to supply a copy of your trust deed via email.
Do I have to have a balloon associated with my equipment loan?
No, a balloon payment is not needed for an equipment loan – it only applies to a lease.
Can I claim the GST back on the purchase of my equipment?
Possibly, but it will depend on which financial product you choose. We recommend consulting with your tax professional about what is right for your business.
What are your operating hours?
We’re here for you 7 days a week, whenever it works for you and your business.
Can you finance private sales?
Yes, we can. Even if you’re looking for finance to purchase a vehicle or machine being sold privately and not by a dealership, we can assist.
Is there an age limit on equipment I want to purchase?
There’s no set limit. Generally, lenders prefer equipment that is less than 20 years old, but there are still lending options available for older goods.
How can I really compare loans?
The bottom line is the repayments. The best way to compare loans is to calculate the total amount repayable over the term of the loan. A qualified finance broker like us can find the right lender for your circumstances and help you compare the financial products on offer.
