Business Loans

We Have a multitude of business loans, from secured to unsecured. From fixed term to floating overdraft and trade finance. We can also arrange for business machinery and equipment. These can be done as lo doc loans without providing financial data to full doc loans with part or full financial data. If the goods you are purchasing are for business use at a rate of 51% or more, its a loan for business purpose and you then qualify for these loans. These days, there are many non-bank lenders that simply specialise in loans for businesses and they have many options to choose from. We will identify your needs and find the right fit for you.

The process for applying for a business loan starts with Filling in an application which will give a good description of the business and what the funds will be used for. Depending on the type of loan, we may need to collect financial data from you or if possible, we have the ability to submit a Lo Doc application which requires no financial data.We know and fully understand that running a business takes a lot of time so when it come to the finance, we do the work on your behalf, while you keep running your business.

As a general rule, most lenders are looking for a credit score of 600 or more for companies and businesses. We are able to arrange loans for lower scores as well as we have multitude options. The higher the score, the better the terms the lenders will provide and the more options there will be to choose from. It is best to contact Westcorp Capital directly for information on current rates and how credit score may impact them.

This is possible with some lenders but the longer and older your ABN is, the more lenders we can approach and the more options we can present to you. Start-ups have always been harder for lenders to cater for as they have no data on the business or its performance but it is definitely not impossible. Give us a call and let's go through it together.