Business Loan
There have been significant changes in this space, small business will no longer need to be at the mercy of
your business banker who may take 3 months to approve or reject your loan application which is an
onerous process and often will require brick and mortar security. Mortgage Zone can arrange fast
and efficient business lend up to $400,000 without brick and mortar security and the process is so
much faster. We work with lenders who use technology to make the lending process straightforward and quick
compared to traditional lenders burdened with outdated technology systems, complicated credit
scoring process and bureaucratic decision-making process.
Why you would need a business loan
1. Your business cash flow maybe irregular and the business has financial commitments. You
need funds to keep the business operations going smoothly
2. You need cash to purchase inventory or stock
3. Your business may have loans that is due
4. Your business may have ATO debt
5. You want to expand your business
6. You want to take advantage of a business opportunity
7. Refinance an existing loan
8. Invest in marketing
9. Buy new equipment
What we offer
1. Flexible 1-month to 24-month terms
2. Unsecured – no collateral required
3. Credit decision within 1 hour to 1 working day
4. No early repayment fees
5. Dedicated client service manager or account manager with the lender
How to qualify
1. Must be an Australian business with ABN and GST registration
2. Must be a profitable business
3. Minimum turnover of $200k per annum for Line of Credit
4. Have to be trading for at least 18months
5. Have an Australian online bank trading account
6. Business is stable and has an increasing growth trend
7. Business has to be actively trading with lots of activity
8. Demonstrate good conduct with any financial commitments
9. For smaller loans – need business turnover of $6,000 per month, able to demonstrate 6 months of
trading for new business, or 3 months trading if you purchased an existing business.