Thousands of Aussie business owners get rejected business loans from banks because of a bad credit history. At the Australian Lending Centre, we firmly believe that your past is your past for a reason. We have helped thousands of Australians turn their businesses around with bad credit loans. We offer no judgement, only support.
Whether you are looking to expand, grow, recruit or cover costs – we have a wide range of financial options to suit you. With over 30 years of finance experience, our specialist team is trained to tailor bad credit business loans to suit your needs.
If credit repair isn’t for you, then a bad credit business loan can provide your company with the financial resources it needs, while also boosting your credit score! By receiving a bad credit loan from Australian Centre and making repayments on time, you can expect to see an increase to your credit score, putting you back in control.
Bad credit business loans give you the opportunity to obtain finance even when banks say no. They give you a 2ndchance at finance.
Generally, a bad credit business loan comes with a higher interest rate because your credit history suggests that you could be a risky lender. Australian Lending Centre is flexible with our terms and rates and understands that it is easy to fall into the bad credit trap. We want to provide a solution that suits you and helps you get back on track, so you can move forwards towards a positive financial future.
You can choose from two types of bad credit loans either secured bad credit loans and unsecured bad credit loans:
Ever wanted to be your own boss? We have loan options for entrepreneurial people with fantastic business ideas, to launch their business.
With additional staff, you could be more productive and more profitable, so it makes sense to take on new staff if you want to grow, even with bad credit.
When businesses grow, sometimes they need a little extra help increasing inventory, especially during booms like seasonal sales fluctuations or sales.
If you need to build your brand or generate more leads and sales, it makes sense to invest in additional marketing, and we can help even with bad credit.
Have you outgrown your current location and new a bad credit business loan to help you move somewhere more suitable? ALC can help you grow.
When your premises, machinery or technology isn't working as it should it can affect your bottom line. Bad credit business loans are helpful in this situation.
Continue through the form and follow through to the upload document prompts.
If approved, the funds could be transferred to your account as little as 72 hours.
A bad credit history will usually mean that traditional lenders see you as a credit risk and therefore, it will be more difficult to obtain finance. However, the Australian Lending Centre can provide support to those seeking bad credit loans and find the most competitive interest rate with the best terms of repayment available. Contact us on 1300 138 188 for advise or financial support.
If you’ve had issues getting finance approval, you may have bad credit. The first step is to get a complete picture of your credit history, by applying to get a copy of your credit report.
Check your credit report:
Obtain a copy of your credit file, and check for negative listings. You can get this through the following credit reporting agencies:
By law, you are able to get a free credit report year, or, if you are refused credit, within 90 days. You can also pay a small fee to get a copy at any time.
Make sure the information is correct:
Many people have mistakes listed on their credit file, caused by an incorrect listing by the financial institution or in serious cases, identity theft.
If there is a mistake get in touch with the credit provider, credit reporting agency or office of the Privacy Commissioner. If this sounds too complicated, we can help.
Rebuild your credit score with a credit card and paying bills on time:
It is important to note that no borrowing money can cause you to have little to no credit history. Having a credit card with a low balance where you pay it out every month, can make you look better in the eyes of credit providers. It shows you can handle your money and debts. For those of you who struggle with credit cards, have a low balance, so you don’t get into hot water.
Make sure that you pay your utility and phone bills on time, as these can end up in the hands of debt collection agencies and be listed on your credit file.
A bad credit rating has an impact on your ability to borrow money from traditional lenders. However, there are a number of things you can do to fix your bad credit rating. Here are a few tips we suggest:
Bad credit history will never be repaired if you have black marks and outstanding defaults on your credit file.
If you are struggling to pay off your debt, you should consider talking to the Australian Lending Centre about negotiating with your creditors or entering a debt agreement to pay off your debts.
If your debts are already paid off then it might be worth looking more closely at your credit file. We recommend getting in touch with Clean Credit who are the market specialists in this field.
They will be able to talk you through what is on your credit report and the reason behind your bad credit rating. From here, you can go through the process of credit repair and get defaults, judgements and credit inquiries removed from your credit file.
Credit cards and store cards are one of the quickest ways to get a bad credit rating. When you miss a few months of payment, your credit card provider can place black marks on your credit report which can take years to be removed.
Credit card debt is one of the easiest ways to get into trouble as many people are accustomed to relying on credit card debt to get them through life when they do no have sufficient funds to finance their lifestyle.
Even when credit cards are paid off, they can be run back up to their limit in very little time.
With such high-interest rates on credit card debt and store cards, the best option is to simply cut up your credit cards and stop spending on them.
This means changing your spending habits slightly, for example, using a debit card instead of a credit card.
This may help you prevent another infringement or black mark leading to a bad credit rating.
It’s easy. Just apply with the Australian Lending Centre, which takes just 30 seconds and won’t affect your credit score in any way, and we will get in touch. Our specialist loan consultants will guide you through the process and find the best loan product to suit your credit circumstances. Our goal is to put you in a better situation than you are currently in. We have a wide range of lenders to choose from.
Our loans start from $5,000. We can advise your maximum limit over the phone once we have assessed your individual situation.
Funding a new business is not always an easy process. It is very obvious that the big banks make start-up funding nearly impossible. To the banks, a new enterprise is placed in the “too hard basket” and under the high-risk category. Banks are more inclined to cater towards more well-established businesses have shown previous profitability and have full financial statements over the past 2-4 years.
Start up business loan is very straightforward, it is one of the most popular products we offer here at Max Funding.
Over 80% of Australians dream about owning their own business. However, the first challenge for many of these new business owners is the lack of funding. Typically business owners don’t have enough business experience and find it difficult to obtain loans from mainstream banks and lenders in Australia.
The Australian Lending Centre have dealt with many successful start-ups, many of whom are now household names. New business owners are faced with a multitude of challenges and cashflow is probably the biggest, followed by tax debt management. Our criteria makes it a lot simpler for new businesses to get a bad credit business loan. Our specialist loan consultants are start-up savvy, unlike traditional banks. We don’t require a business plan or a credit check for our pre-approval.
Our primary focus is on potentially successful new businesses that the banks have turned down. Our belief is that these start-up businesses deserve a fair go. Apply for a bad credit business loan with Australian Lending Centre today so you have the funding you need to launch, with flexible repayment options and competitive interest.
If your business has multiple debts with high-interest rates and fees, a debt consolidation loan can be the answer. With business debt consolidation, we combine all your existing debts into a single loan, usually at a lower interest rate and one set of fees, and a longer payment term, to make managing repayments more manageable. This can free up much-needed capital and allow you to operate more effectively as a business.