What Is a Business Loan?
A business loan is funding provided by a bank or lender to help a business cover expenses or invest in growth.
Common uses include: • Purchasing equipment or vehicles • Expanding operations • Hiring staff • Managing cashflow • Purchasing stock
Secured vs Unsecured Business Loans
A secured loan requires collateral such as property, vehicles or equipment. An unsecured loan does not require specific assets but may have higher interest rates and shorter terms.
What Lenders Look For
When assessing a business loan application, lenders generally consider: • Business revenue • Profitability • Trading history • Cashflow stability • Existing debts
Why Businesses Work With Finance Brokers
Finance brokers can access multiple lenders and help structure suitable finance solutions while assisting with documentation and application preparation.