Empire Finance Brokers

Small Business Loans

Small Business Loans – Fast and Flexible Finance Options

Secure the funding your business needs with our tailored small business loans. Flexible repayment options with competitive rates.

Apply today for quick approval.

Engaging a small business loan broker can be a game-changer for business owners looking to start or grow their businesses. Whether you’re launching a new venture, expanding operations, investing in equipment, or navigating seasonal cash flows, a small business loan could be the answer.

Small loans for small businesses offer access to capital that can help cover expenses, hire employees, purchase equipment, or invest in marketing efforts. The best part is that you don’t necessarily need a pristine credit history or years of experience to qualify for a loan.

With the right research and planning, we can find a loan that fits your business needs and sets you on a path to success.

Flexible Repayment Terms

Tailor your loan repayment schedule to match your business’s cash flow, ensuring that repayments align with your revenue cycles.

Competitive Interest Rates

Access to affordable interest rates ensures that your business can thrive without sacrificing profitability.

Fast Approval and Disbursement

Benefit from swift approval processes and expedited fund disbursement, enabling you to seize timely opportunities or address pressing business needs.

Borrow between $5K and $500K

Borrow up to $150,000 unsecured or more with property as security

Funding possible in 24 hours

Get funds fast, fuel growth and seize new business opportunities.

Terms from 3mths to 36mths

Flexible repayment terms to suit your business cash flow

Unlocking Opportunities with Small Business Loans:

Our small business loans provide a flexible and tailored financial solution to address various needs including:

Expansion Capital:

Seize growth opportunities by securing the funds needed to expand your business, whether through opening new locations, diversifying product lines, or reaching new markets.

Equipment Financing:

Upgrade your business capabilities with state-of-the-art equipment. Small business loans can cover the costs of machinery, technology, and tools crucial for efficiency and competitiveness.

Working Capital:

Smooth out cash flow fluctuations and ensure day-to-day operational stability with working capital loans. Manage inventory, cover payroll, and meet other short-term financial needs.

Emergency Funding:

Be prepared for unexpected challenges. Small business loans provide a financial safety net for unforeseen expenses, ensuring business continuity during tough times.

 

Boost Cash Flow

Get funds fast, fuel growth and seize new business opportunities.

Pay Overheads

Cover business expenses and grow your business.

Buy Equipment

Expand with confidence, upgrade equipment to take on more jobs.

Debt Repayment

Crush debt and reclaim control with a small business loan.

How to qualify for a small business loan

To be eligible for most small business loans you need to meet some specific criteria.  Businesses are required to have a trading history of at least 6 months, a minimum monthly revenue of $5,000,  and an active Australian Business Number (ABN).

Submit an online loan application, and receive a decision within a business day – often in just a few hours. Our team will promptly reach out to clarify the process and address any queries you may have.

The assessment takes into account various factors, including credit score, business history, revenue, and financial stability. Ensuring the provision of accurate and current documentation can enhance the likelihood of approval. Rates are determined by how much you are borrowing and your credit score.

After loan approval, funds are swiftly transferred, possibly reaching your account by the next business day.

Ready to apply?

Get fast access to business finance to support your cash flow and business growth.
 
  • Borrow from $5K to $500K
  • 12 -36 month term loans
  • Funding is possible in 24 hours
  • No property security required up to $150K
  • Apply Online in under 10 minutes
  • Minimal documentation
 
If you do not meet the normal eligibility criteria, contact us to discuss your situation. We may have an alternative financing solution.
 
Call now on 0415 638 927
 
 
 

ELIGIBILITY

Min 6 months in business

ABN or ACN

Min of $5,000 monthly revenue

Driver License ID

Rates and Fees for Small Business Loans

When seeking a small business loan in Australia, understanding interest rates and fees is crucial for making informed financial decisions. Interest rates represent the cost of borrowing and can vary depending on factors like loan type, repayment terms, and the borrower’s creditworthiness.

It’s essential to compare rates from different lenders to find the most favorable option. Additionally, small business owners should be aware of associated fees, such as application fees, origination fees, and prepayment penalties. These fees can significantly impact the overall cost of the loan.

As small business loan brokers, we carefully assess interest rates and fees that apply to each lender when considering a loan option for your business. We will recommend a lender that best matches your financial goals, whilst providing a competitive loan product.

Loan Amounts and Terms

As a small business owner in Australia, accessing the right amount of capital through small business loans is essential to fund your growth and take advantage of new opportunities.

Lenders in Australia typically offer a range of loan amounts to cater to various business needs. These amounts can vary from a few thousand dollars to several million, depending on factors such as your business’s financial health, revenue, and creditworthiness.

Repayment terms also vary, with options ranging from short-term loans requiring frequent payments to longer-term loans with more manageable monthly installments. Understanding the borrowing limits and repayment terms available helps determine the loan’s affordability and suitability for your business, empowering you to make informed decisions and unlock the growth potential of your business.

Understanding Credit Scores

When it comes to applying for small business loans in Australia, credit scores play a significant role in determining eligibility. Lenders assess credit scores to evaluate the creditworthiness of borrowers and gauge the level of risk involved in extending a loan. A good credit score demonstrates a history of responsible financial behavior, increasing the chances of loan approval and favorable terms. However, it’s essential to note that credit score requirements can vary among lenders.

While some may have stricter criteria, others may be more flexible, considering additional factors such as business revenue and collateral. Small business owners should strive to maintain a healthy credit score to enhance their eligibility for small business loans and secure the necessary funding for their ventures.

At Empire Finance, we know which lenders would be able to assist with your credit history.

Secured versus unsecured business loans?

Secured and unsecured business loans represent two distinct paths for entrepreneurs seeking financial support. Each type of loan has its advantages and considerations.

An unsecured small business loan doesn’t require security (ie: property or other assets to secure the loan) With a secured small business loan, you will be required to offer property or other assets as collateral. Unsecured loans may carry higher interest rates owing to the increased risk for lenders.

Secured loans are supported by collateral (security) pledged by the borrower. This may include residential, rural, or commercial property, machinery, equipment, and vehicles.

Comprehending these distinctions is crucial when determining which option aligns best with your business needs.

A small business loan broker can help you choose lenders
A small business loan broker can help you choose lenders

Online Business Loan or Bank Loan? 

Getting a business loan can be a lengthy and difficult process. A bank loan, for instance, requires extensive paperwork and historical financial information. They will often ask for a business plan and other complex documents.  They will often take months or weeks to consider your application, only to say no after making you jump through hoops. 

Fortunately, if you have an existing business operating for at least six months, there are better finance options available. At Empire Finance, our application process is streamlined, eliminating the need for extensive paperwork and long processing times. Applying online takes just minutes, and you can expect an answer within 24 hours. Moreover, we specialise in unsecured loans, removing the requirement for a property as collateral (for loans up to $150,000)

Applications are online and can be completed in a little as 10 minutes.

Finding small business loans – the role of a small business loan broker

Are you a business owner searching for small business loan brokers in your area? Look no further, because Empire Finance is a reliable and trustworthy broker near you.

Securing a business loan can be daunting, but the process becomes much easier with the right broker by your side. Whether you’re a startup seeking funding or an established business needing expansion capital, having a reliable loan small business loan broker can make all the difference.

We have the expertise and connections to match you with lenders who offer the most suitable terms, interest rates, and loan amounts that suit your needs. Don’t waste time chasing down lenders alone when you can use a reliable business loan broker near you to help.

Secure your funding today to take your business to the next level.

Small Business Loans Bad Credit

Securing a small business loan with bad credit can present challenges, but it’s not impossible. Traditional lenders may be hesitant, but alternative online lenders may offer more flexible options. Business owners with less-than-perfect credit should be prepared for higher interest rates and stricter terms. However, demonstrating a strong business plan, stable cash flow, and showcasing the purpose of the loan can enhance the chances of approval. 

While navigating the landscape of small business loans with bad credit requires diligence, it can be a valuable step toward improving credit and fostering business growth.

 

 
 
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Small Business Loans Interest Rates

In Australia, small business owners exploring financing options encounter a range of interest rates.

Traditional banks usually have lower interest rates for small business loans with a strong credit history. However, online business lenders, while more flexible, often charge higher interest rates due to increased risk. Rates vary based on loan type, repayment period, and business health.

Small business owners should compare rates from different lenders (traditional and online lenders) to balance affordability with financial needs. Staying informed about Australian market interest rate trends is crucial for wise financing decisions.

Small Business Loans – FAQs

What do small business loan brokers do?

With access to multiple online lenders, we are certain to find a solution to suit your business. We are more than just your average finance broker. 

We use our local knowledge and experience to get you funds fast.

Can I use a small business loan for any purpsose?

While many loans offer flexibility, some may be designed for specific purposes like equipment financing or working capital. It’s crucial to clarify the allowed use of funds with finance broker.

Are there penalties for early repayment of a small business loan?

Policies vary among small business loan lenders.  Some may charge prepayment penalties or fees. Review the terms carefully and inquire about any potential penalties before finalising the loan agreement.

How does the interest rate on a small business loan impact overall costs?

The interest rate significantly influences the total cost of the loan. Lower rates result in lower overall repayment amounts, saving your business money in the long run. That being said, you need consider the commercial benefit a small loan may offer verses the cost.

Do Finance Brokers charge fees?

This will depend on your situation.  If the finance requirement is complex then we may charge a small fee.  This will always be negotiated upfront and can usually be financed into the loan amount.

What small business loan lenders do your work with?

We have access to several lenders who offer short-term business loans. 

We are sure to find a financing solution for your business.

What is the typical repayment term for small business loans?

Repayment terms vary but commonly range from three months to 36 months. The term depends on factors like loan type, amount, and the lender’s terms.

Can you get a small business loan with no deposit?

The majority of short-term loans are unsecured, eliminating the need for deposits. Consequently, lenders scrutinise applications thoroughly, granting approval only for loans they believe the business can comfortably repay.

Can I apply for a small business loan with bad credit?

Some lenders specialise in bad credit business loans, but interest rates may be higher. Demonstrating the ability to repay can increase your chances of approval.

We provide hassle-free business lending solutions so your business can get the funding it needs.

Small business loans for start-ups

For aspiring entrepreneurs in Australia, launching a startup is an exhilarating journey. Securing the right financing through small business loans is often a critical step in turning those dreams into reality. When it comes to startups, lenders in Australia typically offer loan amounts that can range from a few thousand dollars to hundreds of thousands. Repayment terms can vary as well, with options ranging from shorter-term loans requiring frequent payments to longer-term loans with more manageable monthly installments.

Understanding borrowing limits and repayment terms is crucial for startups, empowering them to determine the loan’s affordability and suitability for their business. 

At Empire Finance, we know lenders that are willing to assist with small business start-ups.

Our Commitment to You

At Empire Finance Brokers, we are committed to supporting the growth and success of small businesses across Australia. Apply for a small business loan today and take the next step in propelling your business to new heights.

Call us today at 0415 638 927, email us, or apply online.