Business Loan Broker (Australian SME Specialist)
Let our business finance brokers find loans to fit your needs. It’s free to compare, with no credit score impact. 111
How a Lend business loan broker can help you
Choice of lenders
Our brokers can help you access business loans from a wide range of specialist Australian lenders.
How a finannce broker can help your business
Find out what finance you need and why
A good business loan broker is like a detective. They’ll ask you questions about your business and its goals. They do this to truly understand what kind of finance will be the best fit, and what obstacles they may need to overcome to get you approved.
Find loan options to match
Your broker will then trawl through the lenders and loans in their lender panel and find options to match what you need. They’ll present these options to you in an easy-to-understand format.
Negotiate your rates and terms
Part of the value of working with a business finance broker is their relationship with lenders. Your broker will use those relationships to help you secure a better rate that you otherwise would be able to.
Help you apply and get approved
When you’re ready to apply, your broker will walk you through the process, tell you what documents you will need to provide to the lender and then submit your application. This is a major time saver for business owners.
Why use a business loan broker?
They’ll save you time and effort
Working with a business loan broker can save you a lot of time. If you decide to go it alone, it could take days of hard work and diligent research to find the business loan that works for you. That’s before you attempt to navigate the lender’s application process. This is rarely a straightforward undertaking.
They’ll help you fully explore your options
A business loan broker will run you through the various standard and non-standard finance options that may be available to your business. Ultimately the most suitable option may be one you would never have considered. Your broker will also have access to lenders that do not accept direct applications – i.e. you can only apply through a broker.
They can help you secure a loan
A business loan broker should know which lenders are most likely to accept your application. They can also steer you away from lenders that are likely to turn you down for some reason or other (saving you a black mark on your credit report). They’ll also help you gather your supporting documents and prepare and submit your application, giving you the best chance of success.
You might get a better rate on your small business loan
While some lenders advertise their interest rates (many don’t!), the actual rate you’ll end up paying will depend on lots of things, including how much you need to borrow, the loan term, your credit rating and the risk profile of your business. Not only will a broker help you understand what rate you will actually pay, they will also help you get a better rate by negotiating with lenders and helping you de-risk your application.
You’ll be working with an expert
Just like hiring a solicitor to handle your contracts, or an accountant to manage your tax, working with a business loan broker means engaging a professional with specialist expertise. No matter how financially savvy you are, there’s no way a business owner could be expected to have the bandwidth to understand the commercial lending market in detail and which lenders are currently offering the best deals. A business loan broker has that information at their fingertips.
Ready to get started?
Let our brokers find your best finance option
Our promise: no credit score impact