Business Loans

Whether you need funds for general working capital, ATO debts, expansion, renovations, stock purchases or simply catching up on overdue expenses and invoices – a Business Loan may be the answer.

Cash Flow Funding

Ongoing access to up to $1M to keep your business moving.

  • Fast decision and funding possible in 24 hours

  • Only pay interest on what you use

  • Access funds immediately

  • Renewable 24/36 month term

Stock & Inventory Finance

Purchase your stock & inventory on terms or extend the existing terms given by your suppliers.

  • Access 50k to 250k with low doc application

  • Pay overseas and domestic suppliers

  • Fixed term up to 6 months with fixed rates
  • Ongoing revolving facility – access funds at any time

Debt Consolidation

Combine multiple loans into an easy to manage facility with a single monthly payment.

  • One loan and one repayment amount
  • Funding options up to $500k
  • Dedicated Business Lending Specialist

  • Funding possible in 24 hours
Business Loans

So, what is a Business Loan & how can it help my business?

A business loan can help you maintain or grow your company. Simply put, it’s a way to borrow money for business purposes, and then repay it in instalments, including interest, over a specified term.

A business loan can help smooth out fluctuations in a company’s cash flow. This will enable your business to take advantage of opportunities that you might otherwise miss due to a lack of working capital or reluctance to tie up large sums of cash. It’s also, typically, an unsecured loan, which means you are not required to provide any collateral to secure the loan.

What can a Business Loan be used for?

Boost cashflow 

Cover operating costs and expenses

Fill the gap between invoices and getting paid

Pay overseas and domestic suppliers

Purchase materials, inventory or stock

Pay ATO debts

Cover staff wages

Ensure cashflow during a project with staged customer payments

Business loans offer an alternative to unarranged overdrafts or credit cards. If the business exhausts these lines of credit first, you may be unable to cover day-to-day expenses and contingencies. In addition, they will also affect your ability to obtain further credit. Taking out a loan may be more prudent in these cases.

Frequently asked questions

Do I qualify for a business loan?

Here’s what you need to get a business loan:

  • An ABN or ACN
  • Been in business for at least 6 months
  • At least $5,000 in monthly sales
  • GST registration

There may be some additional requirements in certain circumstances. These requirements ensure that we are only ever providing loans to people who can pay them back and ensure that we aren’t putting anyone in a difficult position.

How much does a business loan cost?

There are no hidden fees or hassles with Geared. Depending on the product you choose and your particular circumstances we will outline a loan schedule that clearly details the repayment plan and the timing of the payments. Easy!

When should I get a business loan?

There may be several stages in a business’s development when a loan is necessary. Businesses that are just starting out often need to borrow money in order to acquire their initial equipment or to finance their premises. A couple of years after opening, most businesses desire to expand or move to a larger facility. Businesses that engage in seasonal activities or those that undertake long-term projects with staged payments may find that it is advantageous to smooth out their cash flow if their costs remain relatively constant over the course of the year. Additionally, businesses may require assistance in order to weather a difficult trading period.

It is important to note that each business is unique and the trading circumstances and history of the company will influence whether financing is required. In the event you decide to seek either a long-term or a short-term loan, Geared Finance will be able to assist you in finding the best deal for your particular circumstances.

How are business loans secured?

Secured loans are loans secured by an asset such as a vehicle, equipment, or property. The asset will be subject to a formal charge, restriction, or other security document, which may affect your ability to deal freely with the asset – for example, you might not be able to sell the asset without the lender’s prior consent. In the event that a loan payment is not made, the lender may be able to recoup the amount that is owed directly by enforcing its security against the asset.

An unsecured loan does not require any assets as security. Lenders typically base their funding decision on an assessment of the creditworthiness of your business and the affordability of your monthly payments. Depending on the outcome of this assessment, the lender may still require a personal guarantee from the directors or shareholders. In this case, the individual is promising to make payments to the lender in support of their business, but no formal security will be registered against either the business’s or the individual’s assets, which means you may deal with both freely.

The majority of the business loans arranged by Geared are unsecured. In some cases, a lender may require formal security. This will depend on the particular circumstances and requirements of the individual business and is determined on a case-by-case basis.

Which type of business loan should I choose?

There are a number of different loans available depending on the current stage of your business and what you hope to achieve with the loan. With the assistance of our lending experts, you can find the best solution, lender, and rate for your business to ensure that you move forward with confidence.

The lending solutions we provide cover a wide range of requirements, and we will work with you to identify the most suitable financing option for your needs. If you would like more information on the different types of financing available, please request a call back, drop us a message or give us a call on 1300 550 007.

How long does a business loan last for?

There are several factors that can affect the term of a business loan, including the amount of the loan and the lender providing the financing. The term of business loans typically ranges from six months to five years or longer. Some businesses may also be able to renew or extend their business loans at certain points during their terms. Choosing the correct business loan is an important decision for any entrepreneur looking to expand their business. For more information on the different types of financing available, please request a callback, send us an email, or call 1300 550 007.

Can I repay my business loan early?

Yes, and we never charge you an early repayment fee if you choose to do so.

What’s the difference between a traditional bank loan and an online business loan?

Business loans can be time-consuming and complex to obtain. If you wish to obtain a bank loan, for instance, you will have to complete a large amount of paperwork and may be required to submit complex documents, such as a business plan. Additionally, research has revealed that a large percentage of small business loan applications are turned down by banks.

Fortunately, you have more options for financing. At Geared, you can apply online in a few minutes and receive a response within 24 hours, not weeks. We also specialise in unsecured loans, so you may be able to access finance without the need for any collateral.

Want to know more?

Our team of experts have in-depth knowledge of the industry and will help you find a tailor-made finance solution designed to fit the needs of your business. Whatever your industry, let us help grow your business today!

Ready to apply?

You can make an application for finance with us that does not commit you to proceed with a facility in any way. This is a no-obligation assessment with a view of reaching a potential pre-approval that you are then free to choose to use should you wish.

What do our customer say about us?

“I have been working with Geared Finance for over 10 years. During this time they have helped us with our Equipment Finance needs and have been a pleasure to deal with. The Geared team is responsive, fast and so easy to deal with. THEY GO ABOVE AND BEYOND, LIAISING DIRECTLY WITH SUPPLIERS TO MAKE THE PROCESS AS SMOOTH AS POSSIBLE and have great time saving touches like electronic Privacy Act documents. As a fast growing business, it’s great to know that we can get fast approvals and settlements to help us acquire much needed equipment on an ongoing basis. I would have no hesitations in recommending Geared Asset Finance!”.

“We have been working with Geared Finance for the past 4 years and have always found their service to be attentive and prompt at all times. GEARED PROVIDES A HIGH LEVEL OF CUSTOMER SERVICE WORKING WITH US AS A CLIENT TO CREATE A BESPOKE SOLUTION THAT FITS WITH THE OPERATIONAL REQUIREMENTS OF OUR BUSINESS. I have always found Geared Finance to be professional in all their dealings and ready and willing to assist in all scenarios.”

Sandra Giannakopoulos, Sodexo

“Geared Finance has been a great help to our business. From first being introduced to Geared from a hospitality equipment provider, we started dealing with them. GEARED NEVER CEASES TO AMAZE ME TO WHAT THEY CAN PROVIDE SUPPORT WITH, FROM NOT ONLY PLANT AND EQUIPMENT, TO SOLAR, TO SOFTWARE FINANCE AND VEHICLE FINANCE! Very competitive rates of interest, and option to chattel mortgage with balloons. Not only the turnaround time, but the professional service, advice and years of experience, Fabulous Catering is proud to be a loyal client of Geared, and for many years to come!”.

“Geared Asset Finance has over the years financed the school’s ITC equipment. As a school, we require from companies not just finance but flexibility and an understanding of a school’s financial operations, all of which we receive from Geared Asset Finance. WE HAVE NO HESITATION IN HIGHLY RECOMMENDING GEARED ASSET FINANCE FOR YOUR BUSINESS”.

“THE TEAM AT GEARED ASSET FINANCE HAVE BEEN NOTHING BUT PHENOMENAL, WHEN IT COMES TO SORTING OUT OUR BUSINESS FINANCES, FROM START TO FINISH THEY ARE ALWAYS THERE TO HELP. They have been handling all our finances for a number of years and I’m sure there will be plenty more years to come. Thank you Geared and the Team”.

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