Business Finance Experts

Business Loans Comparison Chart

Loan Type Caveat Loans Vehicle Caveat Loans Second Mortgage Loans Unsecured Business Loans
Loan Amount Up to $1M $2k-$20k Up to $1M Up to $300,000
Loan Term Up to 24 months 1-12 months Up to 24 months 1 - 36 months
Security Required Residential or Commercial Vehicle or Real Estate Residential or Commercial No
Bad Credit Yes Yes Yes Minor
  More Information on caveat loans More Information on vehicle secured caveat loans More Information on second mortgage loans More Information on unsecured business loans

What are Business Finance Options?

Most business loans in Australia use either unsecured or secured business loans. A secured business loan is where a type of security instrument is lodged either on the title of a property or other asset to allow the provision of funds for business use. Various types of secured and unsecured business loans are noted below:

Caveat Loans

Caveat loans are usually combined with a second mortgage to allow the speed of a settlement to be brought down from many weeks to a few days. Caveats are a type of notification lodged on the title of a property to indicate there is an equitable financial interest in the property. Caveats show a financial interest, however, cannot be used to force the sale of the asset.

Yes, we offer advice and can facilitate the establishment of caveat loans for our clients.

Read more about Caveat Loan Solutions here.

Vehicle Caveat Loans & Asset Finance

There are a number of vehicle business finance options under this category. As such the loans available are:

  1. Vehicle caveat loans are where a vehicle is used to secure a short term business loan. 
  2. Asset finance is where funds are provided to either purchase a vehicle or asset for business or personal purpose. However, in some instances, the lender may hold an option to lodge a caveat against a property. 
  3. Leaseback options where a vehicle or asset is owned by a person or business which is in turn used for loan security. The asset is essentially purchased by the finance company, then leased back to the original owner for full use. The funds for the purchase can be used to pay debt such as tax debt, or used for working capital.

Yes, we offer advice and can facilitate the establishment of asset finance.


Second Mortgages

Finance secured by a second mortgage that sits behind your existing first mortgage. Second mortgages often provide a more flexible lending approach to the use of funds, and the income assessment policies than that of traditional lending practices.

Yes, we offer advice and can facilitate the establishment of second mortgages.

Visit our comprehensive Second Mortgages page here.

Unsecured Business Finance

There are various forms of unsecured business finance. As such, the finance doesn't use a registered mortgage or caveat against residential or commercial real estate. However, there may potentially be other forms of security such as:

  • PPSR
  • Unregistered mortgage

Unregistered security allows for the approval to lodge a second mortgage or caveat if you default on your loan agreement. Whereas PPSR security lodges an interest aginst the PPSR record of your business. As such the PPSR registration allows the lender to secure the loan with an interest in your outstanding invoices, and other company assets. However, this would only be exercised under loan default. Keep in mind, a PPSR Security is used with most major lenders for any business loans offered.

Yes, we offer advice and can facilitate the establishment of unsecured business finance including cash flow loans and invoice finance facilities.

First Mortgages For Business

Finance secured by a first mortgage against the title of a property. Lenders offering finance secured by the first mortgage have a priority interest in the recovery of funds in the event of a default. This gives the lender confidence in the provision of funds. With confidence in funding the lenders usually will provide higher loan ratio and longer loans terms to meet a business or personal use. Traditional and also non-traditional lending practices can be applied depending on whether the use of funds is for business or personal use.

Yes, we offer advice and can facilitate the establishment of first mortgages.

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Low Doc Loans

Not able to provide financials? As such, there are no doc or low doc loan options where no financials are required.

Vehicle Security

You can have the option of securing your loan with a vehicle or a combination of real estate and vehicle security depending on the available equity.

Residential, Commercial, or No Security Required

There is a range of products suited to your available security. As such, you can use residential property, rural, rural residential, commercial, offices, warehouses or shops. Also, there are unsecured loan options.

Been Declined?

Even if you’ve been declined before, Loan Saver are experts in good and bad credit. We consistently place loans that have been declined previously.

FAQ's about the various types of business Loans 

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Business Loans FAQs

Qualifying for a business loan requires criteria than meets a lenders guidelines however, each lender has different criteria to ensure your meet the lenders requirements. These requirements are based on the use of money, the ability to repay the money borrowed by income or exit strategy, and also the ability for the lender to have money returned in the event of a loan default using a property sale.

The interest rate for a small business loan varies based on the security used for the business loan, the type of security, credit risk and income. Generally, the higher risk business loans attract higher interest rates however traditional commercial loans can start from interest rates under 9% while more specialised business loan rates can be over 10%.

There are different types of business loans with each type of loan requiring different documentation. The documentation requirements may be required are Identification to confirm who you are, business activity statements, ABN (Australia Business Number), possibly tax portal statements, trust deed, and income financials. However, some lenders don’t require income financials, while others require up to 3 years or even cashflow projections.

Yes you can still get a business loan with Bad credit. However, some lenders don’t allow credit issues while other accept minor credit issues and the more specialist business loans can accept heavy credit issues with explanation.

The maximum unsecured amount you can borrow is around $500,000 and depends on your business turnover. However, the maximum amount can be higher when property security is available. As such the loan amount for secured business loans can be up to $1,500,000 or higher.

Yes, there are unsecured business loans which rely more on the business turnover in assessing the ability to repay the loan.

The time from application submission to approval is dependant on the lender and the type of loan. However, some main stream lenders can take up to 8 weeks while some specialist loans can be approved and settled within a few days.

Repayment terms for business loans can range depending on the type of facility, and also the business requirement. As a result, repayments can range from weekly payments and monthly repayments to a prepaid interest facility for a set term. As a result, pre-paid interest is paid at the start of the loan and therefore have no ongoing repayments.

Prepaid interest facilities are facilities where they are generally paid back using the sale of property or other form of asset. However, they are also commonly used where a business has limited current income to support a traditional loan and needs time to establish income to meet payments.

Yes and no, generally there is 3 month minimum interest payable. However, each loan facility is different and can be higher or lower depending on the facility and lender. However, there are some line of credit facilities where you can access funds and repay the balance almost immediately without penalty or a fixed minimum interest amount payable.

A business loan is a fixed term loan and payment. Therefore, the funds you require are fully paid to you at establishment of the loan. Whereas, a line of credit has a set credit limit and the funds can be drawn up and paid down as you require. Therefore, the interest you pay is based on the drawn down amount of the facility. However, line of credit facilities usually has a higher interest rate than a term facility. As a result, you should ensure the features suit your requirements as they do generally have a higher cost.


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