Business Finance

Finding the right business financing can be difficult. There are many finance providers with different types of financing and repayment terms. It’s a good idea to get advice before making any decisions, and that’s where your Mortgage Choice broker can help.

When it comes to choosing the right loan, here are some options to consider:

If you need cash for short-term needs, like covering the gap between service delivery and payment, a business overdraft can be a handy solution. It’s often not secured by assets and typically comes with a lower interest rate compared to credit cards.

For larger purchases or occasional financial injections, a business equity line might be the way to go. However, be prepared to offer some form of security.

If you have a specific borrowing amount in mind and prefer predictability, a business fixed rate loan ensures fixed monthly payments.

In cases where your business experiences varying cash flows, a business variable loan offers flexibility, allowing you to adjust repayments as needed.