Small business
is big business.

97.4% of businesses in Australia are 'small business'. We think it's time your livelihood was given the attention it deserves.

 

Small business
is big business.

97.4% of businesses in Australia are 'small business'. We think it's time your livelihood was given the attention it deserves.

To say that small business is the backbone of Australia's economy is an understatement.


The latest figures show that a whopping 97.4% of businesses operating in Australia are small business. Given this, we think that it is fitting that the Home Loan Comparison Co acknowledges that Business and Commercial Loans are something that a vast majority of our clients could use a hand with.

How we help Small Business Owners

Business and Commercial Loans can be tricky to navigate. You are focusing on your core business, which may be nothing to do with finance, for example; farming, hairdressers, property development, tradies or consulting. Businesses which have their own pressing daily needs attended to. Going to the bank and laying out your financials for the lender to scrutinise can be an overwhelming thought leaving your plans stuck in the 'too hard' basket.

The Home Loan Comparison Co will guide you.

We believe that small business is tough enough to juggle and that something so important as your livelihood should be something you can rely on solid advice for.

From purchasing a commercial office or factory, to fitting out a new restaurant, expanding your current business into a new location or purchasing a business outright, the Home Loan Comparison Co can help you with all your Business Loan needs.

 

Contact HLCCo. for a chat about your business and equipment needs.

Commercial Loan

Needing funding for your business assets? A commercial loan is an umbrella term for loans which are used to buy business assets. Whether you need to buy anything from commercial premises to stock to funding to expand your business, or specialised industrial equipment - this is where you start. Let's talk business.

Business Loans & Overdrafts

A form of the Commercial Loan, a Business Loan is used for specific needs of the achieving business goals. Funds from a business loan would be used for purchase of stock and business equipment whereas cash flow needs are addressed through an ongoing Overdraft facility, helping the Business Owner manage funds through the ebbs and flows of incoming and outgoing payments.

Agri-Finance

This facility assists primary industry business owners such as farmers, to purchase specialised equipment for the purpose of running their business. There is flexibility in the way that the loan is structured in order to allow for the diverse seasonal cash flow that is prevalent in agricultural business. The Overdraft Facility also supports the primary industry business owner by providing a pool of funds to draw on as required.

What type of Business Loan do you need?

Depending on what your Commercial or Business Finance is for will determine the type of facility you require and the type of lender that is most suited to use. Some lenders will require security for a new loan no matter what the purpose. Some require no security apart from a guarantee from the entity borrowing the money along with the owners or directors of the business.

Business Loan and Overdrafts


A Business Loan can be secured or unsecured. If secured, the security can range from residential, rural or commercial property, plant and equipment, assets within the business, or a combination of any of these. The rate can be fixed or variable depending on both the lender and your requirements. The loan can range from short term to generally a maximum of 15 years. The overdraft option will have a variable rate and have on-going access to pay down and use the funds as required.

Commercial Loan


This is pretty much the same as a business loan, however the security would be against either residential, rural or commercial property. Again, the rate can be fixed or variable depending on both the lender and your requirements. The loan can range from short term to generally a maximum of 15 years. (Some lenders will go longer depending on security offered).

Agri Finance and Overdrafts


Many lenders have finance specifically aimed at the rural and farming community. The facility could be used for expansion, development or consolidation of debts. Interest rates could be fixed or variable and the loan can range from short term to a maximum of 15 years. The overdraft option will have a variable rate and have on-going access to pay down and use the funds as required.

Trade Financing

Many lenders have departments that are specifically set up to assist business’ trading overseas. They have the know how to assist with your expansion into overseas markets and to assist with funding import and export transactions trade. These facilities are generally very flexible with a variable interest rate that allow continued re-use of the funding.

Invoice Funding

Invoice Funding reduces the day to day stress of working capital. Lenders will look at the invoices you have outstanding and provide up front funding until those invoices are paid. These loans will be on a variable rate and have flexible terms that allow the loans to be paid out as quickly as the invoices are paid. Security can vary from providing property to secure the loan, to the invoices outstanding, to being totally unsecured.

Get Advice on your Small Business Finance now.

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