What is a Business Loan?

A business loan can be best described as a loan that’s used specifically for any worthwhile business purpose, it’s purpose cannot include personal use or any personal use component, as a general rule of thumb, business loans are typically used to assist a business with growth in some capacity like expansion or increased revenue. 

With government stimulus guarantees and lender appetite high, access attractive interest rates, borrow capital without pledging any of your assets, and get access to ongoing credit that can be repaid over a specific period of time.

If you need funding to expand your business, to buy vehicles and machinery, or boost production and you want competitive interest rates, look no further than Premium Finance Group Australia for specialised service with your next Business Loan.

How do business loans work?

A business loan is a financial tool that can help you boost your business without the burden of mortgages or collateral.
Once you meet eligibility criteria, we’ll present you with available options at competitive interest rates.
Get your business loan approved without having to pledge your personal assets.
Use the funds to expand business, buy latest machinery, and maximize growth.
Repay the amount over an agreed term with easy and flexible repayment options.

  • Competitive rates
  • Self-employed borrowers
  • Small business owners
  • No mortgage security options
  • No hidden fees
  • Interest only available
  • Quick assessment
  • Fixed and variable rates
  • Streamlined application
  • Competitive rates
  • Self-employed borrowers
  • Small business owners
  • No mortgage security options
  • No hidden fees
  • Interest only available
  • Quick assessment
  • Fixed and variable rates
  • Streamlined application
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Discovery

Our first step is to learn what you need, we’ll complete this with you or send you an easy online form.

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Research Options

Once we know what you need and your specific circumstances, we get to work, do the research and send you options.

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Select the Loan that Suits You

If you like what you see, you simply choose the loan that suits you and we’ll take care of the rest. Easy!

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Get your Flexible-thinking business loan questions answered today.

Business loan placeholder image

Get your Flexible-Thinking business loan questions answered today.

Fast Turnaround

No Deposit

Low Doc

Line of credit

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Fast Turnaround

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No Deposit

Low Doc

Line of credit

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Let us help your dream come true

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Let us help your dream come true

PFGA Business Loans Made Easy

Business loans are perfect for business owners and the self-employed who are looking to expand their business or make investments.

At Premium Finance Group Australia, we love to work with small businesses and have been helping them with finance solutions for over 20 years. We understand the challenges of running a business and navigating the loan marketplace in Australia. From getting the right loan for the right purpose, ensuring terms and conditions are not unfavouarble to knowing where the funds are competitive are all part of our services at Premium Finance Group Australia. We’d love to help you make your business thrive.

What are my options as a business owner looking for a business loan?

Businesses need funding to grow, whether it’s investing in equipment, tools or staff. There is a large range of business loans available from banks, non banks and fintech lenders to suit many needs. These include small business loans and business loans secured by commercial or residential property, or business assets, as well as business loans that do not require security. With Premium Finance Group Australia, you can easily find business loan options to suit your business needs.

How do mortgage-secured business loans differ from others?

Often, a mortgage over residential or commercial property is used as security for a business loan. If the borrower is unable to continue to make payments, the security property can be sold to repay the outstanding balance.

Some business loans are different because they are available even to applicants who do not own a property. In this case, the business and its assets secure the loan in addition to guarantees.

Typically, mortgage-secured loans will have a lower interest rate.

What documentation is required for a business loan application?

Document requirements vary based on the type and the size of the business loan you need. For example, the documents needed for a small business loan (up to $100,000) is generally a 1-2 page basic application with very minimal supporting documents.

We make the process easy by sending you a simple link online to complete everything with a few minutes or speak with us over the phone and in person.

What business loans does Premium Finance Group Australia provide?

Premium Finance Group Australia offers a range of business loans from a large panel of lenders throughout Australia, including business loans that require no mortgage security.

For business owners without property, we can provide loans up to $1million based on the strength of the business, the purposes of the loan and future income projections, for example.

Can I get a business loan if I have bad credit?

At Premium Finance Group Australia, we don’t think your past should affect your future, that’s why we look at an applicant’s whole story to find more ways to get to ‘yes, approved’.

So, even if you have a history of bad credit and need a loan to help your business grow, reach out to PFGA today and see if we can help. You might be surprised at the options available to you.