Short Term Commercial Loans

Short term commercial loans are a type of business financing that provides capital for commercial real estate purchases, renovations, equipment purchases, and working capital needs. These loans are typically repaid within 1-3 years and are a great option for businesses in need of quick and flexible funding.

If you need fast financing for your business, short term commercial loans can be a good option. These loans are designed to provide businesses with the funding they need to meet their short-term financial needs. Short term commercial loans can be used for a wide range of business purposes, such as purchasing inventory, paying for marketing campaigns, or expanding operations.

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At Ownright Custom Finance, we understand the unique challenges faced by businesses in Australia, which is why we offer tailored solutions to meet your specific needs. Our team of experienced finance experts can guide you through the lending process and help you secure the funds you need to grow your business.

Benefits of Short Term Commercial Loans

Quick Access To Funds: Short term commercial loans are designed to provide businesses with fast access to the funds they need. The application process is often faster than that of traditional loans, and funds can be deposited into your account within days.
Unsecured Business Loans: This type of loan requires collateral such as property or equipment to be put up against the loan. This reduces the lender's risk and often results in a lower interest rate for the borrower.
No collateral required: Short term commercial loans are unsecured loans, which means you don't have to put up collateral to secure the loan. This can be beneficial for businesses that don't have assets to pledge as collateral.
Credit Score Not The Only Factor: Unlike traditional loans that rely heavily on credit score to determine eligibility, short term commercial loans take into account other factors such as cash flow and business history.

Eligibility Requirements for Short Term Commercial Loans

To be eligible for a short term commercial loan, your business must meet the following requirements:

Be registered and operating in Australia
Have a valid Australian Business Number (ABN)
Have been in operation for at least 12 months
Have a minimum monthly revenue of $10,000

Application Process for Short Term Commercial Loans

The application process for a short term commercial loan is straightforward and can often be completed online. Here are the general steps involved:

1

Determine how much funding you need.

2

Choose a lender that offers short term commercial loans.

3

Fill out the lender’s application and provide all required documentation.

4

Complete the online application form and submit your documentation.

5

Wait for a decision from the lender. If approved, review and sign the loan agreement.

6

Receive your funds.

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When you’ve tried with every other lender or bank and not been satisfied, that’s where we come in. We’ll create a tailored and customised solution for you!

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Did you know that according to recent statistics, approximately 80% of small businesses in Australia take out business loans to help fund their growth and operational costs?

How Ownright Custom Finance Can Help

At Ownright Custom Finance, we understand that every business has unique financing needs. That’s why we offer a range of short term commercial loans that can be tailored to meet your specific requirements. Our team of experienced professionals can help you navigate the application process and find the right loan for your business. Contact us today to learn more about how we can help you secure the funding you need to grow your business.

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