Frequently asked questions

No. There's no credit check when you first enquire. A credit check is only discussed once you've seen your options and decided to go ahead with a specific lender.

No spray and pray, ever. A real person reads your enquiry, works out what suits, explains it and only approaches a lender with your agreement.

A lending specialist — a real person, not an automated sequence. They call during business hours, Australian eastern time, to talk through your situation.

Because accurate answers on amount, purpose, property and your ATO position let us match you properly the first time. Guesses lead to the wrong lender and lost days.

Property-secured business loans run from $20,000 to $5,000,000, depending mainly on equity and how the loan will be repaid. Unsecured and line-of-credit options for trading businesses are typically $5,000 to $500,000, sized on turnover and bank statements.

No. Trading businesses can be considered for unsecured or cash-flow lending based on turnover and bank statements. Property security opens larger amounts and more flexibility.

Yes. Business loans can be secured over residential or commercial property, using a first mortgage, a second mortgage behind an existing home loan, or a caveat.

We don't publish rates, because every business loan is priced on the borrower's circumstances: security, trading history, purpose, term and credit. A specialist explains real pricing, including all fees, once they understand your situation.

Usually business bank statements, recent BAS, ID for each director and, for larger loans, tax returns or financial statements. Property-secured loans add rates notices and mortgage statements. You'll get an exact list once an option is chosen.

Sometimes. Bank statements, BAS and property security can carry a lot of the weight, especially for smaller or secured loans. Larger unsecured amounts usually need financials.

It depends on the loan type, the lender and how quickly documents arrive. Secured loans also need a valuation and legal documents. A specialist gives you a realistic timeline on the first call.

Often, yes. Banks run narrow policies. Private and non-bank lenders weigh security, trading and purpose differently and consider untidy files case by case.

Often, yes — ATO debt is considered case by case. Lenders want to see lodgements up to date and either a payment plan or a clear plan to clear the debt with the loan.

Possibly. Defaults, judgments and past insolvency are considered case by case, usually with more weight on property security and current trading. An honest explanation helps.

Newer businesses have fewer options, especially unsecured. Property security, industry experience and steady early bank statements are what give lenders confidence.

No. Mr Business Loan arranges finance for business purposes only.

This site is for Australian businesses. If you're trading in New Zealand, visit our sister site at mrbusinessloans.co.nz.