Business loans
Ready to buy, start or grow a business?
Finance to buy a business, expand, fit out premises or fund a big contract. Business lenders want to understand the business as well as the numbers: how it earns, how steady that is, and what backs the loan if things go wrong.
Who it suits
- Buying an existing business
- Expansion, fit-outs and new sites
- Funding growth or a large contract
What lenders look at
- Two to three years of financial statements
- Cash flow and forecasts
- Security, often property or business assets
- The owners' experience and personal guarantees
What to prepare
Tick them off as you go.
Questions to ask
- Will I need to give a personal guarantee?
- What reporting will the lender require?
- Are there covenants I need to meet?
- What happens if I repay early?
Everyone's situation is different. Lenders weigh things differently and small details change the answer. An adviser can tell you where you stand with business loans and what to do next.
Talk to an adviserRun the numbers
Calculators for this
Loan repayments
Work out your repayments and the total interest over the life of the loan.
Calculate nowHome buyingIncome annualiser
Turn this year's income so far into a full-year figure.
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Guides
What business lenders look for
Business lenders often think in terms of five Cs. Character: your track record and how you've handled credit. Capacity: whether the business's cash…
Read the guideCommercial · 1 min readInterest cover: how commercial lenders size a loan
For commercial property and business lending, the key test is interest cover: the income available to pay interest, divided by the annual interest. A…
Read the guideEvery situation is different
Tell us what you're planning and an adviser will work through your options with you.