The right business finance can fuel growth; the wrong structure can strain your cash flow. Understanding your options is the first step to borrowing well.
This complete guide covers the main business loan types, how commercial property lending works, secured versus unsecured finance, and how to get your application approved.
As your local Perth broker, The Finance Yogi compares banks and specialist lenders to match the right facility to your business.
Business finance comes in several forms: term loans for one-off purchases, overdrafts and lines of credit for cash flow, commercial property loans for premises, and equipment finance for assets.
Each has its own purpose, cost and security requirement. Lenders assess your trading history, cash flow and security, and how well your application is presented often decides the outcome.
This guide brings it together and links to the detail on each part.
Many businesses take the first loan their bank offers, when a different structure or lender would serve them far better.
We look at your whole position, match the facility and lender to your goals, and package your application the way lenders assess it.
Each type carries different rates, terms and security requirements, so the cheapest headline rate is not always the best fit.
See the detail in business loan options and how to get approved.
Category :
Share :
After 10 years inside the Big Four banks, I saw how many Perth families missed out or borrowed with the wrong lender. The Finance Yogi exists to change that - we compare the whole market and explain every number in plain English.
Commercial property loans fund buying or refinancing your business premises, typically at 65-75% of the property’s value, so you generally need a 25-35% deposit.
They are structured around your business income and any lease arrangements. Buying your premises can also suit an SMSF, where the fund owns the property and leases it back to your business at market rates.
Plan ahead: owning your premises can build long-term wealth. We structure both business and SMSF commercial loans on our business loan broker Perth page.
Secured loans, backed by property or equipment, usually mean lower rates and larger amounts. Unsecured loans need no asset but carry higher rates and smaller limits.
How much you can borrow depends on your cash flow, profitability and security. Working-capital limits are driven by serviceable cash flow rather than an asset.
We compare both across lenders to find the best overall cost. See the full service on our business loan broker Perth page.
Approval starts with preparation. We gather your financials, understand your purpose and security, and choose a lender whose policy suits your industry and stage.
Then we package and lodge the application the way lenders assess it, manage their questions, and guide you through to approval and settlement.
Once approved, we manage settlement and remain available as your business grows. Explore everything we offer on our finance services page, or start with a free consultation.
Book a free, no-obligation chat and we will match the right facility and lender to your business.
Source: business finance guidance from business.gov.au, and general guidance from ASIC MoneySmart. Confirm current lender terms before you apply.
