Business loans in Australia are a dime a dozen and almost every lender has something slightly different to offer which can confuse most people. Port Finance aims to eliminate this confusion from your life by partnering with reputable bankers and lenders that offer the best value.
Here is what business finance can be used for:
- If you want to purchase a small business
- If you want to start a small business from scratch
- Expand your current business
- Add more working capital to your running business
Some of the most common lending products for business loans include:
- Term loans: These are basic loans which are either interest or P&I only.
- Commercial bill: This is an interest only loan which will roll over every 60, 90, or 150 days. At every roll over you can make a lump sum reduction but not in the set period.
- Business overdraft: This will fluctuate on a fairly regular basis to pay for expenses and is reduced by the business income.
- Debtor / invoice financing: This is a working capital facility which is secured by a debtor.
- Trade finance: This is a working capital provided for exporting and importing.
- Inventory finance: This is working capital that uses stock for security.
- Short term financing: you can secure from $30,000 to $3,000,000 in just 5 days. You do not need to provide evidence of income.