Why Choose Greenline Home Loans for Your Business Term Loans?

Business Term loans are the type of loans designed to support your initial stages of the business or to help grow your business. Here at Greenline Home Loans, we assess your business loan application based on your business credit score, revenue and overall financial position. Your loans can be approved for up to $500,000 with loan terms typically between 1 and 5 years, while some lenders can offer short or longer-term loans.

Product Features

Like all financing options, business term loans have many great features that you must know and understand before deciding on a course of action for your business. If these features suit your business needs, a business term loan may be the one for you.

Lower Rates

Business term loans usually offer lower rates and flexible repayment terms. You can repay your loan over time without it being too much of a financial burden on your business.

Helps Build Business Credit

Along with making your monthly business loan repayments on time, a business term loan is a great way to start building your small business credit. Your borrowing history can make it easier to obtain credit in the future.

Increased Cash Flow

A business term loan is a good option for you if you need to purchase new assets or equipment for your business. Take advantage of term loan opportunities to grow your business operations, and the profit you earn will help you pay off the loan.

Flexible Repayment Options

Business term loans have flexible repayment options to suit your cash flow needs. Choose from principal and interest or interest-only repayment options up to a maximum of 10 years. Also, choose between weekly, fortnightly or monthly repayments.

Do you need a business term loan?

Get started on your business loan and commercial loan journey with Greenline Home Loans. We’re here to help! Speak to one of our professional mortgage brokers today.

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Business & Commercial Loans

Small Business Loans

A small business loan is a loan designed for business purposes. Business loans are often required for starting a new business, expanding your existing business operations or even just to manage your cash flows.

Overdraft Facility Loans

An overdraft facility is effectively a line of credit provided by your banking institution, which is an extension of your daily transaction account. This facility permits you to draw further funds from your account at the point where there are no more available funds, allowing you to gain quick access if you are experiencing cash flow issues.

Business Line of Credit Loans

Business lines of credit are the type of loans designed to support short-term funding requirements for businesses. Repayment terms are usually between 6 months and 1 year, depending on your business credit score, revenue and overall financial position. Approval takes 1-2 business days, and once the loan is approved, you gain access to funds that are ready to be withdrawn.

Invoice Financing

Invoice financing involves the use of your receivable invoices as collateral for a loan. This type of loan is designed to support businesses with their cash flow cycle. Qualifying for invoice financing is much easier as your receivable invoices act as collateral, and accordingly, your business credit rating is not that important.

Merchant Cash Advance Loans

A merchant cash advance is a type of business loan that provides a lump sum loan in exchange for a percentage of credit card transactions. This business loan is suitable for business owners in need of liquidity who cannot demonstrate good credit, or are simply not trading for a long period, and cannot qualify for other types of business loans.

Commercial Property Loans

Commercial property loans are the type of loans secured against a commercial property. While they can support different types of investors looking to diversify their property portfolio, they often enable business owners to buy their own premises.