Small Business Loan – Start-up Business
When you think about it small businesses are the back-bone of the Australian and New Zealand business landscape. As important as they are, unfortunately small
Franchise Loan
If you need a loan to finance a new franchise business, as long as you meet a few simple criteria, at BizLoansFast business finance we’d love to talk to you.
True, we do fund a good deal of business start-ups across a wide variety of industries, but we fund a particularly high percentage of new and existing franchisees, and for a few very good reasons.
With a franchise, there has already generally been a strong “proof of concept” carried out by the Master Franchisor. They’ve developed the product and business systems often through successful company owned stores. They’ve found out what sites work best, and they’ve set up supply chains for new franchisees. What you’re going to be contributing as a franchisee is your enthusiasm and hard work, and motivating your staff. And of course, you need to find the much-needed start-up capital. That’s hopefully where we come in.
Every one of the Directors of BizLoansFast were once enthusiastic young business entrepreneurs looking to get set-up in business. Just like you we were hungry, rearing to go, ready to prove ourselves and just needed the opportunity and the backing. Ultimately one of the biggest motivators in us setting up BizLoansFast the way we have is because of the obstacles we saw that would-be franchisees faced in securing start-up capital from the major banks and stuffy, traditional, undynamic lenders. We were determined to do things differently. If you’ve approached one of these lenders you probably already know what we mean—they require reams of paper work, statements and official documents. And even if you do then get approved you have to then wait a seeming eternity for funds.
To explain how easy and seamless we make the process of receiving your start-up capital let me share a typical scenario we faced with a potential new franchisee.
David phoned us sometime back. Marty, a cousin of his had a popular donut franchise and David knew how well it had performed for him. David had spoken to the Master Franchisor and been approved as a future franchisee. He also already had his eyes on a great site in a large suburban shopping centre and had registered his interest with the centres leasing agents.
One Thursday he got a call from the leasing agents. A café which had been all set to take a prime position at the entrance to the centre had pulled out at the last minute. David knew the spot and also knew it would be perfect for his donut franchise. There was only one problem. The leasing agent, who David was by now on friendly terms with, was up-front, there was another party interested and the centres owners needed a decision before the weekend? In less than 24 hours David needed to be able to confirm he had access to $300,000 to be able to start his dream business.
In two hours he rang every major bank and lender he could think of, and realised it was going to be impossible to get those funds in the timeframe required. Then his cousin Marty who we had helped with a bridging loan a few years back, suggested David ring us. We can provide funds of between twenty thousand and two million dollars dependent on your equity in property. It was the best phone call he ever made. David had a unit that he had bought as an investment property a few years previously, and it was mostly paid off.
All our friendly consultant then needed was confirmation of four simple things:
Literally that was it, and believe it or not he did this all from his car as he was on the road when he called us!
Our consultant was able to approve his loan and you guessed it, David’s next phone call was to the leasing agent to secure the new business site. We had the required funds into his account the next day and he was able to sign the lease with the shopping centre’s owners knowing he now had the means to fulfil his end of the bargain.
The week he opened the loan consultant who had approved David, dropped in just to have a coffee and checkout David’s new business. The way we see it, money provides opportunity, and we like to see that opportunity unfold personally.
That was a few years ago now. David, who we now call a friend, has subsequently been approved for two more loans and today has four donut franchises! And all because we were there for him with a “Yes!” and speedy, no fuss service when he needed it most.
The speed with which a loan will be approved, and funds deposited into your account. BizLoansFast can complete this process in 24 hours.
How much documentation will you have to provide and what will be the cost of sourcing it? Paying valuers to conduct costly valuations on your business and having your accountant generate and collate numerous financial statements, cash flow history reports, and asset and liability statements just to apply for a loan is costly and inefficient. All BizLoansFast needs is a rates notice, a recent mortgage statement, your ID, and our 60 second on-line application filled out and we get to work approving your loan.
With bank loans you can often be looking at lengthy approval and loan processing times. They make it clear from the outset you will be operating on their timeframes, not them reacting to your needs. They often request an onerous amount of documentation? They snail mail contracts back to you, taking 2-3 days? They send cheques or deposit funds via internet transfers that take time to clear? Banks were born centuries ago and some still operate like they’re still there!
With an online business loan from BizLoansFast approval letters on loans are issued in 2 hours via email! Once accepted we issue loan contracts in 4 hours! No property or business valuations, no tax returns, no financial records required from you. Once approved your funds are transferred to your account immediately! Our whole process takes 24 hours from start to finish, and our consultants keep you, informed at every moment of the process—we’re here for you—not the other way around!
At BizLoansFast we think we’ve made our loan application the simplest and easiest to complete in the industry. Because we only secure your business loan against real estate you already own and you don’t make any payments on the principal loan amount during the term of the loan, we don’t need multiple statements and records regarding your business. We understand that what you need to focus your time on is your business and not completing lengthy loan applications.
Literally all you need to get a BizLoansFast loan application underway is to either call us on 1300 852 150 or:
In business, speed and efficiency can be everything. Often business owners need to pivot, be nimble and act decisively. Sometimes this means having medium to large amounts of funding at your fingertips to take advantage of a commercial opportunity or avert a cash crisis.
Super-fast service understandably comes at a premium, and at BizLoansFast we recognize you are coming to us for a time effective solution, not just a rate. We have a variety of loan structures to suit your needs. Whether it be a short term business loan, (also known as a caveat or bridging loan) or a fast second mortgage loan. Our team will react to your application and can pre-approve funding in 2 hours, we can email loan contracts in 4 hours, and have funds in your account RTGS payment instantly. We’ve built our reputation on efficiency and speed of service and will find you a solution to meet your timeframe.
At BizLoansFast our upfront fees are low, and we are transparent in disclosing them. We are not here to waste your time promising you the world as some other lenders do, and then request high fees be transferred to their account before they fund your loan. You should be extremely wary of any lender requesting this, as the costs of processing a loan application just do not warrant it.
Any fees associated with your loan are clearly shown in simple language and you will know exactly what they will be.
BizLoansFast is a founding member of A.S.T.L.A the Australian Short Term Lenders Association and adhere strictly to fee disclosure charters we helped draw up. When borrowing money short term, we advise you only deal with an accredited member of A.S.T.L.A.
When you think about it small businesses are the back-bone of the Australian and New Zealand business landscape. As important as they are, unfortunately small
