Before you apply
For many businesses, taking out a loan with a bank is the first route to getting finance; however it’s not always the most appropriate.
The first thing you should do is work out what type of finance best suits your business.
Undertaking a business case assessment can help with this step. Feel free to try this with the template provided below.
In addition, each State and Territory government has information to assist small businesses.
You should also consider using an adviser to help you decide if debt funding is the right option for your business.
Having access to finance is important to business success and survival. What is more important, however, is determining the most appropriate method of financing for your purpose.Read more
How loans are assessed
Everyday Australian banks lend businesses money to start or grow their business.