Australian Hospitality
Finance
Sure Capital is a trusted name in the Australian finance broking market, providing small business loan solutions to thousands of companies each year. Our 24-hour funding process ensures that 99% of our clients get access to small business loans. We offer various funding options to help small businesses grow and expand, or to cover temporary cash shortfalls. We specialize in assisting existing and new clients who are looking for a small business loan to fund their hospitality business.
What is Hospitality Finance?
Hospitality finance is a type of funding arranged between a hospitality business and a financial institution, such as a bank or an alternative lender. At Sure Capital, we have been helping Australian hospitality businesses to access small business loans for buying equipment, stock purchases, hiring staff, general cashflow requirements, or purchasing commercial property. A small business loan can be used for operating costs and capital expenditure.
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A HOSPITALITY BUSINESS LOAN
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Different Forms of Small Business Loans
When it comes to small business loans in Australia, there are different types of loans available for hospitality businesses. These loans come with slightly different requirements. “Unsecured Business Loans” are fast and easy to access and usually take the form of short-term finance to take advantage of an opportunity to grow or expand the business. “Short-term Business Loans” are often used to cover cash flow issues over a short period. “Secured Business Loans” require the funding to be secured against an asset or collateral such as property, plant, or equipment.
Other types of loans
In some cases, a loan's collateral can also be the cash flow generated from future accounts receivable. Other popular types of small business loans, alternatively to the ones offered by the standard business loans that the banks provide, are "Business Line of Credit", "Merchant Cash Advance", "Invoice Finance Factoring", and "Equipment Finance". Nowadays, many Australian small businesses have a loan facility of some description used for all different sort of purposes.
Unsecured business loans
Short-term business loans
Secured business loans
Business line of credit
Invoice finance factoring
Merchant cash advance
Equipment finance
Business Loan Rates in Australia
One of the most critical factors to consider when securing a small business loan is the interest rate. Business loan rates in Australia vary based on different factors. The lender considers the applicant’s credit score, the nature of the business, the loan amount, and the loan term. The current market interest rates also play a role in determining the interest rate offered by the lender.
Collateral, Industry and Economic OutlookImpact on Business Loan Rates
Some other factors that can impact business loan rates in Australia are the collateral offered, the industry in which the business operates, and the economic outlook of the country. For example, the hospitality industry has been severely impacted by the COVID-19 pandemic, which may affect the interest rates offered for hospitality business loans.
Explore our business loan solutions
At Sure Capital, we understand the challenges facing hospitality businesses and work to find tailored finance solutions that meet their needs. We have a team of experienced finance brokers who can help hospitality businesses access the funds they need to grow and succeed. Contact us today to learn more about our finance solutions and how we can help your hospitality business.
