FAQs - Business Loan Broker
1. Are business loans a good idea?
Business loans are a great idea when you want to expand or upgrade your business and assist you to keep your business running. But they are absolutely a bad idea if they are not planned according to your finances. Our team analysis all the information in detail and help you to find the best deal that suits your needs and requirements.
2. How difficult is it to qualify for a business loan?
To qualify for a business loan, you must have a good credit history. Your business should be in good condition to support the repayment of the loan. The legal paperwork should be complete, and all other debts should be cleared before applying for a business loan.
3. What credit score is required to qualify for a business loan?
Different banks demand a different credit score for availing of a business loan. We will help you find the best bank and deal according to your business credit score when you get our service as a business loan broker. We will handle all the legal matters related to the loan and make sure that you qualify.
4. What is better a high-interest rate but less duration or low-interest rate with a longer duration of the loan?
A loan with a lower interest rate but a longer duration may lead you to believe that you are choosing the right deal. The overall interest in this package may be higher than the package with higher interest but a lower duration. Such factors are unknown to the general public, and lenders take benefit of this when you deal with them directly. That is why it is necessary to take our service as your business loan broker.
The Mortgage Broker Melbourne will assist you to use your super in a strategic way and provide you the advantage to maximise your benefit. Give us a call for Secured car loan bad credit.