Business Lending in Sydney, Blacktown, Parklea and surrounding areas
When you’re in business, having the right finance and risk planning in place can mean the difference between thriving and surviving. Mortgage Choice Blacktown can help you understand the finance options available to you.
We have extensive experience with:
1. Small to Medium Businesses
2. Franchise Business Opportunities
3. Established or New Businesses
We're passionate about helping business owners grow their business to the next level, so no matter what your situation is, please call our office to discuss how we may be able to help you.
Varieties of business loans
There are a variety of loans available to businesses. A business loan can be structured either on an upfront basis, where the entire value of the loan is withdrawn at once and paid back in regular instalments, or it may be on-call, with payments determined by the amount of the loan that the business has drawn down.
The different business loan types naturally come with varying interest rates and repayment conditions.
Line of credit or equity loans can provide access to funds by allowing the business to draw on an account balance up to an approved limit. These loans are highly flexible and are commonly used to fund smaller capital requirements. They are usually secured against property. This means that the interest rate for a line of credit is likely to be lower than that for an overdraft, although failure to make payments will place the secured asset at risk of repossession.
When you're ready to start exploring business lending options, contact us at Mortgage Choice Blacktown on 0413 871 789.