CreditSME has vast experience in arranging business loans for our clients and helping them to get the most suitable loan product on the best available terms. 

The below provides a summary of the different types of loans CreditSME can arrange for your business or client. 

Alternatively, Apply Now to provide some high level information on the business and funding requirement and we can promptly advise what loan option will be best for your business.

A Business Term Loan is a long term loan for a business that can be used for a wide range of purposes. This type of loan is best suited for funding long term business initiatives such as a business acquisition, new equipment, fit out of premises and other long term growth initiatives.

A term loan can either be secured by the business assets only (through a General Security Agreement or "GSA") and director(s) guarantee or also bolstered by property security owned by the shareholders outside of the business.

Term loans are generally a 1yr to 5 yr term and can be interest only or amortising over the life of the loan (to zero or to a balloon repayment amount).

A Business Overdraft or Line of Credit is a revolving loan facility that can be constantly drawn down and repaid by the business. This type of facility is most suited to funding short term working capital requirements.

A Business Overdraft or Line of Credit can either be secured by the business assets only (through a General Security Agreement or "GSA") and director(s) guarantee or also bolstered by property security owned by the shareholders outside of the business.

The term on the loan will typically be short term (1-2 years) and rolled over at the end of each period. 

Invoice finance (also called debtor finance and invoice discounting) can be a great funding solution for businesses with flexibility in the use of funds and the ability to easily scale up the size of the loan facility with the growth of the business. Invoice/debtor finance is essentially a loan facility that is secured against the businesses debtors/receivables or can sometimes involve the full sale/factoring of these debtors/receivables to a third party.

Invoice discounting is provided by two of the major banks and invoice finance and factoring is offered by a large number of non-bank lenders, fintechs and peer to peer lending platforms.

Equipment finance can be a useful funding tool for businesses with cost competitive interest rates, a quick and simple loan approval process and no personal property security required. 

Any item of equipment can typically be funded with some of the more popular equipment items being trucks and trailers, forklifts, mobile cranes, manufacturing equipment, fit outs and commercial kitchen equipment.

CreditSME has realtionships with all of the major bank and non-bank equiment financiers in the market and can promptly secure your business the best deal available.

Trade Finance comprising import finance, export finance, purchase order funding and supply chain finance can be a cost effective way of funding your business and without the need of the owners to provide property security. 

For importers, trade finance typically works by the lender making the payments to your suppliers (domestic or international) and your business repaying these amounts within an agreed time (up to 180 days). These facilities can be structured to suit your business requirements.  

For exporters, there are a variety of funding options available that will depend upon the terms of trade and product being sold.

Interest rates on trade finance facilities can start around the RBA cash rate +1.5% p.a range with bank lenders and from RBA cash rate +3% p.a with non-bank lenders.

Acquisition finance can be one of the more difficult financing facilities to put in place though CreditSME has extensive experience in this area to get the optimal loan terms for our clients with an efficient and seamless loan approval process.

CreditSME has access to both bank and non-bank lenders that can fund your business acquisition and give you confidence that you can execute a transaction with the vendor. Lenders will typically lend up to 70% of the cost of an acquisition and potentially higher when also considering the value in the purchasing business.

Loan pricing on acquisition finance facilities and the amount of funding available for an acquisition can vary widely though we can quickly and confidently provide indicative terms early in the process to give our clients confidence to proceed through due diligence knowing what funding will be available for the transaction. 

Development finance can be used by businesses, developers and investors for the development of a property (residential or commercial property). This form of funding covers construction finance, land bank funding and residual stock loans.

Funding available from banks, superannuation funds, credit unions, credit funds, non-bank lenders and private investors and cover senior, stretch senior and mezzanine funding.

Interest rates start at RBA cash rate +2.0% p.a and will be determined based on a number of factors including the LVR, profile of the property and sponsor and level of pre-sales (if applicable). 

Loans to a self managed super fund can be used to acquire commercial property. Whilst a SMSF loan can seem a little more complicated that a normal business loan, CreditSME can remove these complexities and find the right funding solution for your commercial property acquisition.

The most common use of a SMSF loan is to purchase commercial property to either lease out to third parties or to lease out to a related party business. 

Whilst the major banks have pulled out of lending to SMSF's over recent years, there are a number of large banks still providing these loans on competitive rates.

Interest rates typically start at around RBA cash rate +3.0% with a LVR of up to 90% available to medical professional and some other professions.