FAQs

  • Can I get funding estimates before submitting my forms?

    Yes, you can use an online commercial credit calculator to estimate your funding requirements before submitting any paperwork or requesting formal quotes. This gives you a rough idea of potential repayments and loan amounts.

    As a self-employed applicant, will I need to include my personal financial information?

    Yes, lenders often require personal financial details from self-employed applicants as part of the application process. This depends on the lender’s guidelines and the specific purpose of the funding.

    Can I start the commercial car finance application process before choosing a specific vehicle?

    Yes, you can begin the application process before picking out a car. The paperwork can be based on an estimated loan amount and a general idea of the vehicle type you’re planning to buy.

    What if I’m missing some of the financial information required by the lender?

    If you don’t have all the financial documents requested, you can explore options with brokers and lenders who offer commercial credit without requiring full financials. These lenders may provide flexible solutions for businesses in similar situations.

    What documents do I need to apply for commercial credit?

    To apply for commercial credit, you’ll typically need to provide your Australian Business Number (ABN), identification, financial information related to your business, and details about the asset or equipment being financed.

    How long does it take to get commercial funding approved?

    Approval times for commercial funding vary. Some lenders or brokers may offer approval within 24 to 48 hours, but the exact timing depends on the complexity of the application and the lender’s specific processes.

    Are application requirements the same for all commercial loans?

    Application requirements can vary slightly based on the type of loan, but generally, most commercial loans require similar information, including business financials and the purpose of the funding. Specific details may differ depending on the loan type and lender.

    Is it possible to apply for commercial funding online?

    Yes, many lenders and brokers offer the option to apply for commercial funding through online platforms, making the process more convenient and accessible.

    Do I have to accept a business finance offer once I apply?

    No, you’re not obligated to accept a finance offer just by applying. You’re free to review the offer terms and decide whether or not to proceed once it’s received and approved.

    How do I apply for a business loan?

    The application process can vary depending on the bank, lender, or broker you choose. Many lenders allow you to submit forms online, while others accept applications over the phone. Generally, you’ll need to provide financial documents, business information, and details about the purpose of the loan.

  • Yes, you can get a loan to buy an existing business! Many lenders offer loans specifically for this purpose, helping you cover the purchase cost and take ownership of the business.

    Lenders will usually look at things like the financial performance of the business you’re buying, your personal credit history, and your ability to manage the business. Some loans may also allow you to use the business's assets, like equipment or stock, as security for the loan.

    At Casey Asset Finance, we can help you find the right loan to buy an existing business. Whether you’re looking to expand or start fresh with an established business, we’ll guide you through the process and match you with the best lender for your needs.

  • A business loan guarantor is a person who agrees to take responsibility for repaying a business loan if the borrower can’t. This is often required by lenders when the business doesn’t have enough financial history or assets to secure the loan on its own.

    Guarantors are usually the business owner or someone with a strong financial background who trusts the business. By having a guarantor, lenders are more willing to approve the loan, often with better terms. At Casey Asset Finance, we can help you understand guarantor requirements and find a loan option that works for your business.

  • No doc business loans in Australia are loans designed for business owners who can’t or don’t want to provide traditional financial documents like tax returns or profit and loss statements. These loans are ideal for businesses that may not have up-to-date paperwork but still need quick and flexible funding.

    Lenders offering no doc loans often focus on other factors, such as your business’s cash flow, trading history, or the value of assets like equipment or vehicles. They are especially helpful for startups or self-employed individuals who might struggle with traditional lending requirements.

    At Casey Asset Finance, we work with lenders who specialise in no doc business loans, helping you access funding without the stress of paperwork. Whether you need funds for cash flow, equipment, or expansion, we can guide you to the right solution.

  • At Casey Asset Finance, we work with a trusted group of lenders who offer unsecured business loans to suit different businesses and industries. Our panel includes well-known lenders like Prospa, Moula, Shift, Lumi, OnDeck, and more. These lenders provide quick and flexible funding without the need for collateral, financials, or other unnecessary documentation. Most of these lenders can also get you the funds you need in as little as 24-48 hours. By working with these reliable lenders, we ensure you have access to great rates and loan options tailored to your business needs.

  • Yes, you can still get a business loan with bad credit! Many lenders on our panel understand that credit scores don’t always reflect your ability to run a successful business. Instead of focusing solely on your credit history, these lenders look at other factors, like your business cash flow, trading history, and overall financial health.

    We work with lenders who specialise in helping business owners with less-than-perfect credit. These lenders offer options like unsecured business loans, which don’t require collateral, and low-doc loans, which don’t need extensive paperwork. In many cases, funds can be approved and sent to your account in as little as 24-48 hours.

    If you’re worried about your credit history, our team at Casey Asset Finance can guide you through the process and match you with the right lender. We’ll help you find a solution that works for your situation, so you can access the funds you need to grow your business.

  • A bad credit business loan is a type of loan made for business owners who have a low credit score or limited credit history. These loans are designed to help businesses get funding, even if their credit isn’t perfect.

    Lenders offering bad credit business loans focus on things like your business’s income, cash flow, and overall financial health instead of just your credit score. So, if your credit score is less than 550, don’t stress—there are a number of lenders who are still willing to help. These loans are also more flexible—many don’t require collateral or a lot of paperwork. Plus, you can often get approved and receive funds quickly, sometimes within 24-48 hours.

  • A refinance business loan lets you replace your current loan with a new one that has better terms. This can be a great option if your current loan has a high interest rate, especially if it’s a CAP loan. By refinancing, you could lower your interest rate, save money, and make your repayments more manageable.

    Refinancing can also help improve your cash flow. With lower monthly repayments, you’ll have more money available to use for other business needs. If you have multiple loans, refinancing can combine them into one, making it easier to manage your payments. Plus, you can adjust the loan terms to better suit your business’s financial situation.

    If your business is struggling with high-interest repayments, refinancing can reduce the stress and help you move forward. At Casey Asset Finance, we work with lenders to find refinancing options that fit your needs, giving you access to better rates and more flexible terms.

  • If you’re a sole trader, getting a business loan can help your business grow. But it’s important to know how loans work for sole traders and what lenders look for.

    Lenders often check both your personal and business finances because, as a sole trader, your income and credit score are tied to your business. Showing strong cash flow and having a clear plan for the loan can help you get approved.

    Many lenders offer simple options for sole traders, like low-doc loans that don’t need much paperwork or unsecured loans that don’t need collateral. These loans are often quicker and easier to get.

    At Casey Asset Finance, we work with lenders who understand the needs of sole traders. Whether you need money for cash flow, buying equipment, or growing your business, we’ll help you find the right loan.

  • Yes, you can still get a business loan even if your ABN is new and you have no trading history! For example, if you’ve been working as a truck driver for an employer and recently switched to using an ABN to get paid, lenders may still be able to help.

    In these cases, lenders often focus on your personal work history and may secure the loan against equipment, like a truck, rather than requiring a long business trading history. This makes it possible to access funding, even if your ABN is brand new.

    At Casey Asset Finance, we work with lenders who understand situations like this and can help you get the funding you need to keep moving forward.