Applying For A Loan

Once you decide there is a strong business case for the project or investment and that debt finance is the most suitable form of finance, you need to understand what is required from the bank before you apply for the loan.

Firstly, you will need to be able to prove that you can repay the loan and meet any other requirements that are specified in the loan agreement. This could include regular financial reporting to the bank and demonstrating that you meet and will continue to meet all your compliance requirements including the timely lodging of tax returns on time and tax payments.

Taking a bank loan will increase the financial risk to your business, so you need to ensure that you understand the terms of the loan and can manage that risk. The provider of the loan also now has an exposure to your business and it is your job to make sure that you have adequate funds available to repay the loan over the agreed term.

Click each of the sections to find out more about applying for a loan

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Information for the loan application

Complete a short module to find out what information to include when preparing your loan application.

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Common mistakes that can jeopardise your loan application

Check out the top mistakes and steps you can make to maximise the success of your loan application.

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Checklist

Take a look at a checklist of what to do when preparing a loan application.

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Top tips

Check out some top tips to consider when applying for a loan.

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