Business Expansion Finance FAQ's
What is business finance
Business Expansion Financing is classified as the capital used to enlarge the size of a business. Expansion financing can be used to boost growth through measures including launching of new products or services or to investing in the acquisition of new customers.
Can business expension finance help my business?
Business finance can be an extremely valuable tool for your enterprise, depending on your working capital needs, with flexible funding options for approved customers. Business finance can help grow your business, for example purchasing additional stock or inventory (through debtor finding or a line of credit) and the employment of more staff to get a product to market (using commercial overdrafts).
What business expansion products are available?
Commercial lines of credit (LOC), cash flow finance (working capital solutions), commercial overdrafts (to manage your expenditure), construction loans (for property development).
Do I need financial statements for business lending?
We have lenders that do not need full financials (which include profit and loss statements and balance sheets) as well as your tax returns, in order to offer business expansion finance. In many cases, you can support your application with business activity statements (BAS) and your company’s bank statements. (These products may have a higher interest rate however, so not appropriate for all borrowers). When we talk to you we will outline what is needed for your product and business finding needs.