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Traditional Business Loan

SEE IF YOU QUALIFY

Applying is free and it won’t impact your credit

Think about it as a mortgage. A Traditional Business Loan is a borrowing facility with a longer term. Personal assets are normally used as security to the loan.

Loan Amount

$50k – $10m

Time To Funds

Slow

Loan Term

1 – 10 Years

Interest Rate

2.97% – 12.83%

✔ Advantages:

  • Most lenders will offer a combination of variable and fix rates
  • With some lenders you have the choice of interest only or plus principle. repayments
  • Repayments schedule parallel to cash flow of your business. Loan term is normally tied to life of the asset

❌ Disadvantages:

  • If you secure the loan with a non residential assets, it may incur higher interest rates
  • Minimum borrowing amount
  • Approval process may take longer and it’s usually available only to well established businesses
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Company

  • Easy Park Australia ABN: 55 213 040 116
  • Made with ❤️ in Australia

Advance funds is owned by Easy Park Australia ABN: 55 213 040 116 acts under a fund facilitator / commercial aggregator. This content does not constitute legal, tax or financial advice. Please contact your advisor for more information.Products, features and info shown are general in nature and may vary depending on individual situations, please refer to loan contract/offer for terms relevant to you.