David R. Sutantyo
Managing Director
Small to medium enterprise (SME) lending is a secured or unsecured loan provided to assist with business dealings. Small business lending can be used to pay invoices, creditors, wages, purchase equipment, or simply to assist with day to day operation. The loan size can range from $10k to over $50M.
Unlike investors, a lender is never going to interfere with how your business is run. If you find an investor, you will have to work alongside them. And unless they’re a silent partner, they will expect to have a say in how their money is spent by the business.
It’s easy to get in contact with Twelve Grains Capital and talk to us about the possibility of taking out a business loan. Most lenders can enable funding in 24-48 hours. Most business owners don’t have time to waste. And waiting for profits to grow in order to reinvest them can take a long time.
It’s true that business loans are more expensive than residential mortgages. But lenders are competing for customers, so they are obliged to offer a deal which is at least in line with what their competitors are offering. Of course, the interest rates are still going to allow enough room for the lenders to see a healthy return on their profits.
Most business owners take out a business loan because they want to expand their business or push it in a new direction. This means that they want to make it more profitable. If you get this money from an investor, they will expect a return on any money you make.
SME loan is designed to help small to medium business owners who are just starting out or expanding their businesses. Whilst we’re industry agnostic, most of our clients are in the industries that have high turnover as well as overheads, such as:
And those that are seeking to:
Banks are the kind of person who lends you an umbrella when it’s sunny and take it away when it’s raining – it’s much easier to get a business loan when your business is at its peak. It’s also a smart thing to do; as the best time to make changes to your business is when it’s performing at its best, because you can afford it, and you can leverage on debt instead of reaching into your own pocket or reserve.
However, we understand that running a business is not always rainbows and butterflies, so whenever you need it, we’ll be here for you.
Looking to start your own venture or taking your business to the next level? Twelve Grains Capital can take the stress out of funding your growth with smart funding up to $150 million through prime and private lenders.
Twelve Grains Capital provide finance for businesses in Sydney, Melbourne, Brisbane and Australia-wide to assist with a range of business purchases including:
You’ve considered your options, and decided you’re ready to apply for a small business loan. The next step is to get you qualified by following the link below. Don’t worry, this won’t appear on your credit report.
Most lenders that we work with can release funds in as little as 24 hours for unsecured business loans. Secured business loans might take a bit more time as lenders might have to do a valuation on the assets being put up as security.
Some small business loan lenders only require most recent business bank statments (3-6 months), ABN, and ID documents to issue an approval. Banks might also ask for 2 years financials, tax returns, business plans, etc depending on your scenario.
Yes. We have non-conforming lenders on our panel who could see beyond the scores. Things happen, and life isn’t always perfect, so as long as there is logical and acceptable explanation as to why you were late in repaying your loans or were defaulted by a creditor, we could work around it.
Not always. Most lenders don’t require collateral for loans up to $150k, or even more if you’re in a strong financial position. It will be preferred if you do own property(ies), although lenders don’t necessarily need to take them as collateral / security.
Business loan rates typically range from low 5% to high 20% depending on the structure (secured or unsecured), risk, and applicant’s strength. While the interest rate is one of the factors to consider, there are many other points to keep in mind when choosing a business loan such as speed, appetite, and flexibility.
