Does your business need extra money to grow, expand, or stay ahead? With so many types of commercial finance available, it can be hard to know which one is right for you.

Business lending is more complex than getting a home loan. That’s because every business is different – from how it runs, to what equipment it needs, and how it makes money.

No matter what type of business you have, the best place to start is by comparing your finance options. That way, you can find the right solution for your situation. Your Mortgage Brokers Canberra can help guide you through this process so you can focus on running your business, not stressing about money.

Popular Types of Business Finance

Here are some of the most common types of business loans and finance:

1. Business Overdraft

• Helps manage short-term cash flow problems
  
• Works like a credit card – you can use money up to an agreed limit
  
• You only pay interest on what you use
  
• Usually doesn’t need to be secured with property or assets
  

2. Business Equity Line

• Good for larger expenses or seasonal needs
  
• Borrow up to your approved limit as needed
  
• Often secured with property (business or personal)
  
• No fixed repayments unless you reach your credit limit
  

3. Debtor Finance

• Get access to unpaid invoice amounts before your customers pay
  
• Helps cover bills, wages, and other costs without waiting on payments
  

4. Small Business Loan

• Ideal for a one-time purchase or need
  
• Can have fixed or variable interest rates
  
• Often secured, but unsecured loans may be available
  
• Can be paid back in regular instalments or flexible ‘on-call’ repayments
  

5. Commercial Property Loan

• Use it to buy a business property like a shop, office, or warehouse
  
• Must meet income requirements (your business usually needs to earn 1.25–1.5x the interest costs)
  
• Interest rates are higher than home loans but may be lower if you use your house as security
  

6. Equipment Finance

• Use it to rent or lease tools, machinery, or vehicles without using up your cash
  
• Types include hire purchase, finance lease, and equipment loan
  

What You’ll Need to Apply

To get approved for a business loan, you’ll usually need:

• Financial statements (balance sheet, profit & loss, cashflow, income statement)
  
• Business and personal tax returns (last 2 years)
  
• Business Activity Statements (BAS)
  
• Bank account statements
  
• Proof of identity for you and your business
  

If your business is new (less than 12 months old), you’ll also need:

• A business plan
  
• Cashflow forecasts
  

How Your Broker Can Help

There are a lot of choices when it comes to business loans, and it can be confusing. That’s where we come in. Your Mortgage Brokers in Canberra, can help you:

• Understand your business goals and what funding you’ll need
  
• Compare finance options from a large panel of lenders
  
• Check if you’re eligible for any government support for small businesses
  
• Find the right loan type, structure, and repayment plan
  
• Help with loans for equipment, vehicles, or commercial properties
  
• Guide you through the paperwork and loan application process
  

Let’s Grow Your Business Together

Getting the right finance can help you take your business to the next level. With expert advice from a broker who understands what it’s like to run a business, you can find a financial solution that fits your needs and goals.

Get in touch Even if you’re brand new to property investing, there are many resources available to equip you with the knowledge and confidence to take that first step on the property investment ladder. And you don’t have to do it alone.
If you’re keen to buy an investment property, get in touch with Mortgage Brokers Canberra  on 02 61901219
. We’d love to help
you get started.