Understanding Refinancing with Bad Credit – A 10-Minute Guide
Understanding Refinancing with Bad Credit: A 10-Minute Guide Table of Contents Refinancing your home loan can be a powerful financial tool. It allows you to
A business loan is specifically intended to help you to grow or fund your business. Like all other loans, it involves the lending of funds which you then repay back to your lender with added interest.
A business loan comes in handy if you don’t have the extra funds to build your business yourself. Business loans also come with either a fixed or variable interest rate and can be either a secured or unsecured loan. You can use business loans for many different things, including expanding an existing business or even purchasing a new business. In most cases, it isn’t hard to use a business loan to purchase an existing business at all.
Read on below to find out everything you’ll need to know about business loans, and what can be done with them.
A business loan can be used for most aspects of a business. In most cases, it’s up to you which aspect of the business you use your funding for once it’s approved. This could be to purchase a business, improve your cash flow, rebrand, expand or pay off unexpected debts. Generally, it is not usually hard to use a business loan to purchase a business.
That being said, it can be harder to qualify for a business loan than a home loan. This is because it’s much more difficult for your lender to get an understanding of your repayment capacity, as business finance can fluctuate month to month.
Unlike regular personal loans, lenders will often require more documentation for a business loan application. You may need to have the following documents in order to apply for your loan:
Depending on your lender, they may require extra, or different documentation in order to approve your loan. It’s always best to check with your lender as you are applying so that you’ll know what you need to provide, and when.
With Tiger Finance, we can help to get you a loan in four easy steps. You will have a free consultation with one of our specialists, and we will tailor-make you a loan. We will negotiate with lenders on your behalf before you are approved.
We have helped countless Australians with both good and bad credit ratings to be funded for their dream business. We understand that lending criteria from other lenders are too strict, and can stop you from achieving your goals. That is wrong, and it should not hold you back.
Our finance specialists can help you find the right business loan for your project. Business loans are a complicated topic, but we will find a loan that makes your dream project that much easier.
If you are one of the many Australians finding getting a business loan difficult, Tiger Finance can make the process simple and pain-free. Contact us today for your free initial consultation.
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Our vision is to make it simple and easy for every Australian to get the funding they need to achieve their big life goals.
National Home Loans Group Pty Ltd trading as Tiger Finance | ABN 57 168 971 346
Tiger Finance Credit Representative: Kiara Patricia Halley | Credit Licence: 468465
*Interest Rates: Conditions, fees and charges apply. Interest rates are subject to change and will vary. We cannot guarantee that the interest rate advertised on our website will be the one offered to you. Interest rates offered will be dependant on your situation.
*Consolidating high-interest personal loans and credit cards into a lower-interest home loan may result in significant savings on interest for some consumers. However, this solution may not be suitable or accessible to everyone.
*The approval timeframe is varied. Approval time is subject to change depending on your circumstances or loan type. Processing times may be subject to your lender.