How To Apply For Business Loans

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How to apply for a Business Loan
An IBF Presentation
www.InstantBusinessFinance.com.au/
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WHAT IS A BUSINESS LOAN?
Private Business Loans are exactly that.. Loans
for business. As a business owner, there may be
times where you need the extra funding
quickly. These instant business loans are not
charged on a per annum basis. Rather, they are
simply charged on a per month basis. Its
simple, if you only need the funds for 1 month,
you only pay one months interest.
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SO... HOW DO YOU APPLY FOR ONE?
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HAVE A PURPOSE
Before you apply for a business loan and seek
business finance. You must first have a purpose
for why you require the loan. You could be
seeking instant finance for a multitude of
reasons such as - Taking advantage of
an opportunity. - To manage your
cashflow. - Make a purchase of equipment
or vehicles.
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CALCULATE YOURLOAN AMOUNT
If you are looking for an instant business loan,
you need to calculate how much money you will
actually require to achieve the purpose of your
loan. This can be a bit more difficult to
figure out if you have a variable purpose such as
covering a shortfall, or trying to take advantage
of an unexpected opportunity.
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COMPLETE THE ONLINE APPLICATION FORM
By selecting the Apply Now option, you will be
taken through to the online form where you will
enter the required details of your loan.
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EMAIL YOUR REQUIRED DOCS
Email through a copy of the Rates Notice and
Mortgage statement for the property that you are
planning to uses security for the business
loan. As well as these documents, you are also
required to send through a form of legal photo
identification.
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SIGN YOUR CONDITIONAL LETTER
Within 2 Business Hours, you will receive an
answer on your application. If approved, you will
receive a Conditional Letter Of Offer right
away. Once the conditional offer is signed by
you, we start the due dilligence process. (this
takes about 4 8 hours)
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SIGN THE LOAN CONTRACTS
Once the due dilligence is complete, we instruct
our solicitors to issue loan contracts. These are
emailed directly to your solicitor. You then
need to attend your solicitors office to be given
independent legal advice (for your own
protection) and sign the documents. Your
solicitor will witness your signature and certify
100 points of your ID.
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RETURN THE SIGNED CONTRACT
Once you have completed the signed loan
contracts, simply deliver the executed contracts
back to our solicitors. They then lodge the
caveat on the title, and we transfer the funds
into your nominated bank account. We transfer
the funds by TT (Telegraphic Transfer), which
means you will have clear funds within 2 working
hours.
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REPAYING THE LOAN AMOUNT
You just need an Exit Strategy. This is usually
a refinance, sale of an asset, or from you
business cashflow. To pay us out, simply call
our office (or your bank or conveyancer will if
the Exit is a refinance or Sale), and book in a
settlement time. We can usually be ready to
settle within 24 hours of the call. (Monday to
Friday) Once we receive a bank cheque or clear
funds in our account, our caveat is removed from
the title and that is THE END of the loan
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ACHIEVE BUSINESS SUCCESS TODAY WITH US
Get in touch with Instant Business Finance.
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WE HOPE YOU NOW HAVE A GREATER UNDERSTANDING OF
HOMESEC'S BRIDGING FINANCE
www.InstantBusinessFinance.com.au/