The Strive Financial guide to business loans will help brokers and small businesses understand the differences between short-term and long-term business loans – and what should be considered before committing.
For many small businesses seeking finance, going through the big banks can be prohibitive. Larger finance institutions are slowed down by heavy processes, and small businesses are asked to provide mountains of financials and paperwork.
This complexity caused by the big players has led to an estimated $90 billion small business funding gap. The good news is private lenders are stepping up to help Australian businesses by lending their own funds and delivering excellent 1:1 customer experiences.
This guide will help brokers and small businesses understand the differences between short-term and long-term business loans – and what should be considered before committing. We hope you find it useful, as always we’re here to help if you have any questions.
UPDATED 7 JUNE 2021: with the EOFY fast approaching, now is the time for small businesses to make the most of the Instant Asset Write Off. Small businesses could realise immediate benefits in acting before June 30, but as always there’s plenty to consider so read on for more information.