WA's First Choice for Business Loans

Whether you’re a small up-and-coming business or you’re an established player in your industry, we can help you get the business finance you need.

Getting a loan to start your own business or to assist with the operations of your current business is a great idea; it can help you buy much needed equipment and supplies, give you a leg up on the competition and take your business to the next level.

 

The problem is getting the right finance – with literally hundreds of choices available, not only is it a time consuming task to try to determine what your best financing options are, but dealing with banks can be a frustrating exercise, especially if your business is a start-up with no financials.

 

 

The First Choice Loans Difference

At First Choice Loans we make getting business loans easy – we’ll sit down with you to determine what your best course of action is and deal with the banks directly, so you can rest easy knowing you’re getting the best finance possible at the lowest interest rates around.

These are just a few of the benefits you can expect when working with us:

Free Service – No Broker Fees tick
Fast Approval Process tick
Multiple Lenders & More Than 300 Options tick
We’re WA Wide! tick

So if you’re in the market for a business loan, we can help get you the funding you need.

 

Get in touch with us by filling out our quick and easy 2 minute loan enquiry form.

 

small business loans agreement

More Info on Business Loans

Am I eligible to apply for a business loan?

In order to successfully apply for a business loan, you’ll need to meet certain criteria. These differ from lender to lender, but they’ll be more or less in line with the following:


What Kind of Business Financing Options Are Available?

FAQs

How Can I Make Sure That My Business Loan Application Gets Approved?

There are a number of factors that go into whether your application will get approved or not – demonstrating a solid company structure, good financials, having a clear loan purpose and the company’s/your credit history all work to your advantage in getting approved.

What is The Usual Length of a Business Loan?

Lengths vary, but you’ll generally find that business loans are offered from 3 months to 3 years,
though it’s possible to finder longer term loans.

How Expensive Are Business Loans?

Naturally this depends on the finance you end up getting – shorter term loans, or loans that have flexibility in repayments, will be more expensive than other loans (and they may also be charged on a daily basis, rather than monthly). Some loans will charge a “factor” rate, rather than an interest rate – the former being calculated only once using the original loan amount, whereas an interest rate is calculated daily and is compounding.

Which Credit History is Checked, Mine or My Company’s?

This will depend on the lender, but generally it will be the company director’s credit history that will be checked.

Is It Possible to Get Financing From More Than 1 Lender?

Yes it is possible. Whether or not this is a good idea depends on your circumstances, as there are advantages (such as more opportunities for funding) and disadvantages (such as more complicated administration) to securing business finance from more than 1 lender.

How Do Unsecured Business Loans Work?

You can get unsecured finance based on your monthly cashflow/sales figures, instead of any assets that you possess. These loans will generally be smaller than secured loans.

Get in touch with us by filling out our quick and easy 2 minute loan enquiry form.

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