Need Business Finance? Contact Instant Business Finance Today!
How to get finance for a small business? It is the most frequent question business owners come across when they want to take their business to the next level or are just starting. Unfortunately, getting the necessary finance for your business is not always easy, particularly when the business owner does not have years of trading experience or equity for their business. Thus, at Instant Business Finance, we have designed several business financing products keeping small companies in mind and helping them get out of the tough spots.
How to use the business funds in your company?
Raising the necessary funds for your business is one of the vital strategies for its growth. A business owner might require a lump sum amount to invest in an expansion or continuous access to funds for supporting the working capital. But with the help of Instant Business Finance, you can have financial solutions for both scenarios. Our business loans can assist you with:
- Renovations to business premises
- Marketing and Advertisement
- Paying the wages of the employees
- Upgrading the IT equipment
- Buying new equipment
- Purchasing stock in bulk
- Covering various invoice gaps
Different Types of Business Finance in Australia
There are primarily two types of business funding in Australia, which are:
Secured Financing
Secured financing is a broad term which includes different types of finance alternatives. All the loan options have one thing in common. The borrower is required to offer security for the loan and can structure terms to suit their needs. Finances can be short-term, from one month to one year, or long-term ranging from one to five years. The borrower can secure funding of up to $5,000,000 in short-term financing. The borrowers often use long-term bad credit business finance for large expenditures like starting a business or for fixed or equipment assets.
Secured loans are backed by fixed assets like commercial property, a house or land. With secured business finance, the available equity in a property determines how much can be borrowed. The interest and costs associated with the funding can be tax deductable.
Unsecured Financing
Unsecured financing primarily involves the lender taking into account the turnover of the business. The higher the turnover the larger amount you can borrow, however the maximum loan amount is generally around $250,000 for unsecured loans. Unsecured loans are also not suitable for business startups as there is no turnover to consider.
How to apply for quick business finance to Instant Business Finance?
Many business owners do not realize how hassle-free and fast is the process of applying for a loan from Instant Business Finance. You do not have to wait months or fill up long forms to apply for fast business finance in our company. We help borrowers get the required funds for business growth or manage cash flow within a fraction of the time it can take for normal banks.
Thus when it comes to the question of a loan, connect with us to know how to apply for business finance in Australia and get the necessary funding within 24 hours. If the funding is complex, it might take slightly longer to finalise the funding.
Reasons to Select Instant Business Finance for Finance
Instant Business Finance funds all types of business owners in Australia. If you need a large amount of funds for your company without the hassle of traditional banks, this is the best place to get quick business finance and get them approved. Some reasons why our services are popular among business owners include:
Transparent charges
We are upfront, honest and open about all our pricing. There are no hidden charges in our business loans. The Instant Business Finance loan contracts are easier to understand with no confusion.
Years of experience
Our team has been helping Australian business meet their funding demands and needs for the past nine years. Thus, we have years of experience in this sector and can help any borrower with the fund requirement.
Faster approval speed
We offer fast business finance by approving the loan within 2 to 3 hours. However, if the loan more complex, it might take 1 to 2 business days for approval.
High funding amount
All the business financing company products are designed to meet the wide range of business opportunities and emergencies. We offer a funding range from $5,000 to $5,000,000 to business owners with or without collateral.
Flexible repayment terms
We provide flexible repayment terms, including weekly, monthly and capitalised options. You can schedule your loan repayment according to the monthly generated revenue.
Apply for any of our bad credit business finance now. You can complete all the online applications within minutes!