Business Loans:
Get help with various Business Loan options
We offer you the best advice on finding the most trusted and viable lending options. We take a personalised approach to your financial situation and evaluate your current situation to help you find a business loan suitable for the different stages of your business.
At Pro Options, we compare multiple lending options to figure out the best business loan for your situation. Whether you need a commercial loan or an investment property loan, our experts will help you find the most lucrative lending option that offers the best terms and minimum interest rates.
Access to more lenders to get you the right finance for your situation, fast
Loans are structured to protect you, your credit rating
Specialists in helping business owners with unconventional lending circumstances
Complete done-for-you service (including paperwork)
Accelerate Your Growth with Business Loans in Sydney
Every business needs optimum cash inflow to grow and expand. Whether you run a start-up, a family business, or a large enterprise, you need resources to fulfil your ambitions. This is why most businesses seek out business loans in Sydney. The extra amount can help a business to expand its current operations and make a mark in the industry.
If you are a small business owner, traditional banks often are not receptive to lending. There is a lot of red tape and unreasonable restrictions put on you to hinder your lending ability. At Pro Options, we specialise in securing a business loan in Sydney that offers you the best terms possible for your financial situation. With our assistance, you can confidently invest in new ideas and innovations, backed by the necessary financial support.
Understanding Business Loans
A business loan is a financial agreement wherein a financial institution provides funds to a business. In return, the business commits to repaying the borrowed sum, along with interest and charges, within a predetermined loan term. Business loans can be categorised as either secured or unsecured, with interest rates that can be fixed or variable. These loans also offer a range of term lengths and adaptable repayment choices.
At Pro Options, we evaluate and compare various options for Sydney business loans. We help you find the right loan that suits your financial situation, with the best terms and minimum interest rates.
A business loan in Sydney can be used for diverse applications, allowing you to finance your expansion goals, maintain cash flow, and support overall business growth. Whether you need funds for acquiring businesses, covering startup expenses, making new investments, or refinancing existing loans, a business loan can be helpful in all your initiatives.
Different Types of Business Loans
- Line of Credit
A line of credit is generally linked to your business transaction account. It gives you access to funds whenever your account balance falls below a certain threshold. The line of credit can be replenished by depositing funds back into the account as long as it remains within the approved limit. Interest is typically charged only on the utilised funds, not the total overdraft limit. This type of business loan is beneficial to deal with cash flow challenges by covering expenses such as inventory purchases, invoice payments, and meeting payroll until customer payments are received.
- Finance Lease
A finance lease, also referred to as a lease, allows you to utilise an asset, such as machinery, equipment, or vehicles, for a predetermined period. Upon your request, the lender acquires the asset, and you rent it for the agreed lease term. At the end of the lease period, you return the asset and settle the residual value or balloon payment.
- Chattel Mortgage (Goods Loan)
A chattel mortgage, also known as a goods loan, is a popular form of business asset finance used for acquiring vehicles and equipment. With a chattel mortgage, your business takes ownership of the asset from the beginning of the loan term. Regular repayments are made over a specified period until the loan is fully paid off.
- Invoice Finance
Invoice finance, also called accounts receivable finance, offers a quick way to access funds by using outstanding invoices as collateral. Typically, you can access up to 85% of the approved value of your unpaid invoices.
FAQ
How much deposit do I need for a business loan in Australia?
The deposit required for a business loan in Australia varies depending on the lender and loan type. Generally, lenders may require a deposit ranging from 10% to 30% of the loan amount.
How much can I borrow for a business loan?
The amount you can borrow for a business loan depends on factors like your business’s financial health, creditworthiness, and the lender’s criteria. Typically, lenders offer business loans ranging from $5,000 to several million dollars.
Can you get a business loan with no cash?
While it can be challenging, getting a business loan with no cash is possible. Some lenders offer unsecured loans that don’t require collateral or a cash deposit. However, they may have stricter eligibility criteria and higher interest rates.
How fast is the business loan approval process?
The business loan approval process can vary depending on the lender and the complexity of your application. It can take anywhere from a few days to several weeks. Some lenders may offer expedited or fast-track options for quicker approval.
What options are there for a business loan?
There are various options for business loans, including traditional bank loans, government-backed loans (such as SBA loans), lines of credit, equipment financing, invoice financing, and crowdfunding. Each option has its own requirements and benefits, so it’s essential to explore what suits your business needs best.
How We Help Business Owners Get The Right Commercial Property Loan For Your Situation
Over the past 13 years we’ve helped hundreds of self-employed business owners get commercial property loans for up to 80% of the property value, with better interest rates, lower fees, and more flexible conditions.
The Right Loan For Your Situation
Unlike other banks and brokers that most commonly cater for wage earners (not business owners), and are restricted to selling their own or brand-approved lending products (whether they are right for you or not), we specialise in working with business owners and have access to hundreds of loan options from dozens of lenders to ensure you get the right loan for your situation.
We Help You Structure Your Loan
While other banks and brokers merely find you a loan, we look at your whole financial situation and help you structure your loans in order to set you up for the future.
We Even Do The Paperwork
Once we find the right home loan, we pre-fill all the forms to save you time and maximise your approval success. And we review everything each year to ensure you’ve always got the right finance option.
Testimonials
Other Self-Employed Business Owners and Individuals We’ve Helped
If you’ve ever tried to get a loan from your bank, you’ll know how hard (and often disappointing) it can be. But it doesn’t have to be that way. Take a look at what some of our clients say about how we helped them get finance for their home, investments, and business:
The team at Pro Options has more than 48 years of combined experience helping self-employed business owners and other indiviuals get fast approval for better finance. Here’s what some of them say about their results and experience with our team:
A Huge Thank You To Alex From Our Mortgage Options!!
A huge thank-you to Alex from Our Mortgage Options!! I came across Alex about 18 months ago when my partner and I were trying to get into the housing market as first home buyers. Thank god we found Alex and had him on board to help us with our journey. He guided us all the way from getting our pre approval to buy our land and house making everything so easy and stress free. He found us a great loan and bank, explaining everything we needed to know in plain english. He managed everything related to our bank including progress payments and inspections with his communications always prompt causing no delays. Thank-you Alex for helping us to get our first home:)
I have been working with Alex for 12 years and he has been wonderful to deal with, his knowledge and client focus have saved me thousands of dollars. Highly recommended!
Alex and his team are top notch brokers and always goes beyond the call of duty to help clients, I would recommend his service to anyone needing finance.
My Investment Refinance Journey Paid Huge Dividends!!
“As an experienced investor who has required finance for property purchases whether they be for land, units, houses or for construction both in NSW or interstate, I’m always after a better deal. Ultimately the better the deal, the more dollars I can drive back into further investments to achieve my financial freedom dreams and fund my lifestyle that includes a comfortable family home, private school fees for my children, numerous overseas trips, and stepping ever closer to leaving the rat race behind. Recently in this strange Covid-19 world, Alex at Our Mortgage Options managed to refinance my exisiting mortgages and secure me additional construction loan finance that has now paid off handsomely. I’m basically at minimum now $500 a month (or $6000 a year) better off with reduced interest rate payments meaning that the next project after this new property is built, is not that far away. The refinance journey due to financial institution compliance can sometimes be excruciatingly long and frustrating but with Alex in your corner, well worth it!!”
Alex was extremely helpful throughout our 1st home purchase. He made the process smooth and hassle free. He is well versed in his field and we would recommend his professionalism to anyone who is needing the guidance that he offered in serving us.
Great mortgage brokers. These guys will give you great advice in terms of the best home loan product. Speak to these guys before going to your bank. You won't regret it.
8 Ways We Help Business Owners
Get Better Commercial Finance
Comparing banks and mortgage brokers can be confusing (and time-consuming). But it’s a critical exercise because choosing the right lender can save you thousands in interest and fees, and get you more money, faster. While the wrong lender could…
- Jeopardise your dream property with long delays
- Cause you to needlessly overpay in interest and fees
- Expose your current assets to unnecessary risk
- And damage your credit rating and future finance opportunities
Here are some of the things we do differently to help you avoid these disaster scenarios and get the right commercial property loan — fast
Specialists In Small Business and Unique Lending Situations
Business owners who fall outside the rigid lending criteria of banks can find it difficult to get finance. We specialise in helping people who have unique situations including self-employed business owners and those who may have been knocked back for finance in the past.
Potentially Save Thousands With More Lending Options
While most banks and brokers are limited by their in-house or brand-approved loans (whether they are right for you or not), we analyse dozens of loan options from our vast network of lenders to help you potentially save thousands in interest and fees.
Holistic Advice To Help Maximise Borrowing Capacity
Our holistic approach considers your entire financial structure (not just your loan) to help maximise your borrowing capacity, and protect your credit rating.
Solely Serving You And Your Interests
Large lenders are naturally accountable to shareholders and corporate interests (and recommend loans accordingly). We serve you and your best interests alone.
Qualifications And Experience
Unlike a mortgage broker, who has to undertake a Diploma of Mortgage Management by law, did you know bank staff (while they may be required to undertake inhouse training) do not need to be formally qualified in finance?
Make no mistake, our team members have the formal qualifications, experience, and ongoing professional development to help business owners achieve their financial outcomes.
Regular Reviews Ensure You Always Have The Right Loan for Your Situation
When did your bank last call to tell you they could give you a better deal on your loans or savings accounts? We will proactively analyse your loan at least once a year (more often if interest rates change) to make sure you’ve always got a loan which stacks the cards in your favour.
Complete Done For You Service
We compare dozens of loans, negotiate the rate with lenders, prepare and package your application for fast approval, and manage the whole process to ensure no mistakes are made. And it won’t cost you a single cent.
Free Advice Specific To Your Situation
Whether you’re looking for a new home or business loan, trying to save on your existing loans, consolidating multiple loans, or simply want advice for the future, we invite you for a complimentary consultation where we will share our advice stemming from over 48 combined years of experience.
Our Six ‘A’ System To Help You
Get The Right Finance -- Fast
ACQUAINTANCE:
We take time to understand your needs and financial situation so we can source and structure the right loan to save you interest & fees while protecting your assets
ANALYSIS:
We compare loans from dozens of lenders and negotiate rates, fees, and conditions on your behalf – all at no cost
ALTERNATIVES:
We present you with several options, explain all the details, and give you our professional recommendation
APPLICATION:
We pre-fill and package your application (saving you hours of admin) for maximum approval success
APPROVAL:
We follow up to ensure everything goes smoothly (with no mistakes) right through to settlement day
ACTIVE CARE:
We regularly review everything to ensure you can be confident you have the right loan for your situation.
Your Next Step To Get The Right Commercial Property Loan For Your Business
The quickest and easiest way to see how to get the right commercial property loan is with a no-obligation Complimentary Consultation during which:
- You’ll get a firm idea of how much you can borrow and what it will cost in terms of interest, fees, and repayments (so you can confidently start looking at properties)
- You’ll learn how to avoid common mistakes that can lead to failed applications and corresponding credit damage (and things you need to do now to ensure your loan application is successful)
- You’ll get an overview of the different types of finance structures (and what loans are likely to achieve your desired result in terms of the interest, fees and flexibility you’re looking for)
- You’ll explore ways our team can help you structure the right commercial property loan, so you can stop paying rent, and potentially save thousands in interest and fees.
Please be assured this consultation is not a sales presentation in disguise. On the contrary, you will receive expert advice specific to your situation.
Naturally, we’d love to help you arrange your finance, but you can certainly take our advice and try to implement it yourself. In any case, you have nothing to lose with a no-obligation complimentary consultation.
