Why Choose Greenline Home Loans for your Small Business Loans?

If you are a small business owner aiming to expand your existing business operations or wishing to simply manage your cash flows but have constraints on limited working capital, Greenline Home Loans is here to support your small business aspirations with the addition of a small business loan. There are various small business loans on offer in the market, therefore, you will first need to understand what the purpose of each loan is so that you can find the right solution for your business. Here at Greenline Home Loans, we can support you with finding the most suitable lender for each type of small business loan that you require.

Product Features

When it comes to selecting a small business loan, there are numerous factors to consider on top of interest rates. Having the right resources can save you loads of time, effort and money in the long run, so it is worth having a deeper understanding of what is available on the market and the benefits provided by various small business loan features.

Flexible Repayment Options

When it comes to small business loans, you have the option of a fixed rate with the certainty of knowing what you are up for with each repayment or a variable rate with flexibility to make extra repayments which can ultimately reduce interest paid over the life of the loan.

Fast Approval & Availability of Funds

Lenders have the ability to advise you of your borrowing capacity within a few minutes. All you need to ensure is that you have all the required documents and information to make the process as quick as possible.

Potential Tax Benefits

Small business loans are not taxable income, however, the actual loan proceeds that become part of the working capital are treated as taxable income by default.

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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

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 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. The funds can be used for any purpose and accordingly do not require any asset as collateral.

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.