What lenders look at
Ask about approval
What a lender checks first, which documents matter, how long it takes and what to do after a no. Mr explains the approval side.
7 questions on this shelf. Each one opens with a short "Mr says" answer, then the detail: what lenders look at, what the rules say and what to do next.
What do lenders look at first?
What does a lender look at first? Mr walks through the order: purpose, repayment, bank statements, security, ATO position and credit history.
Read Mr's answer →Do I need financials?
Do you need financial statements for a business loan? Mr explains when lenders insist, when bank statements, BAS or property security can do the job instead.
Read Mr's answer →What documents do I need?
What documents do you need for a business loan in Australia? Mr's checklist by loan type: bank statements, BAS, ID, financials, property and ATO paperwork.
Read Mr's answer →Will asking hurt my credit?
Does asking about a business loan hurt your credit score? Mr explains enquiries versus applications, what shows on file and how to avoid a pile-up.
Read Mr's answer →How long does approval take?
How long does business loan approval take in Australia? Mr breaks down each stage, from first call to settlement, and what speeds up or slows down your loan.
Read Mr's answer →Why was I declined?
Why was your business loan declined? Mr explains the six common reasons — policy, cash flow, credit, ATO, security, paperwork — and next steps.
Read Mr's answer →Do I need to sign a guarantee?
Do you need to sign a personal guarantee for a business loan? Mr explains why lenders ask, what you're agreeing to, who signs and what to check before you do.
Read Mr's answer →Righto. Let's see what's possible.
Enough reading. Ask Mr about your business.
Tell us what you need in about 60 seconds. There's no credit check to enquire, your details aren't passed around, and a real person calls you back with options that fit.
No credit check to enquire
No spray and pray
A real person on your file