Australian Tradesman

How Sure Capital Can Help

If you work as a tradesperson in Australia, you are aware of the high operating expenses. There is always a requirement for more money, be it for making equipment and supply purchases, adding personnel, or controlling cash flow. Here comes Sure Capital to help. We can assist you in obtaining the money you want to maintain the efficiency of your tradesman business as an expert in business finance in Australia.

Small business loan types

Small Business Loans come in many various forms, and each one has slightly different conditions that must be met. At Sure Capital, we can assist you in selecting the loan that is best for you by explaining your alternatives to you.

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Unsecured small business loan

Unsecured small business loan

These loans are quick and simple to obtain and are frequently used for urgent financial need. You do not need to offer collateral to obtain a loan because they are not secured by any assets.
Loans for small businesses

Loans for small businesses

As the name implies, these loans are intended to address immediate cash flow problems. They are frequently utilised to fill the space between bills or to seize a chance to develop or grow your firm.
Secured business loans

Secured business loans

These loans are backed by a piece of property or other collateral. They frequently have cheaper interest rates than unsecured loans because they are secured.
Business line of credit

Business line of credit

This versatile credit enables you to access money as you require it. It is a cost-effective method of managing cash flow because you only pay interest on the amount you borrow.
A merchant cash advance

A merchant cash advance

A merchant cash advance is a kind of short-term loan based on the credit card sales of your company. The money is given to you in advance, and you pay back the loan using a portion of your daily credit card sales.
Invoice factoring

Invoice factoring

You can borrow money using invoice factoring, a sort of financing that lets you use your accounts receivable as collateral. When your clients pay their invoices, you repay the loan. You receive the money in advance.
Equipment financing

Equipment financing

A kind of loan used to buy equipment for your company. Since the equipment is pledged as security for the loan, you frequently qualify for lower interest rates than with unsecured loans.

Factors Affecting Business Loan Interest Rates

There are numerous variables that can affect the loan rate when a lender is thinking about funding a business. These consist of:
Your credit score
A business's credit score is one of the most significant factors in determining the interest rate on a loan. Lenders consider the credit score as an indicator of the business's financial health and ability to repay the loan.
Business age
Your loan rate may be impacted by the age of your company. Higher loan rates may be imposed on newer enterprises since they may be thought of as riskier than more established ones.
Collateral is the assets or property used to secure the loan. The more valuable the collateral, the lower the interest rate will likely be.
Loan amount
Larger loans tend to come with lower interest rates, as lenders can spread their risk over a larger amount.

Explore our business loan solutions

At Sure Capital, we are aware of the particular requirements of tradespeople in Australia. To keep your business operating smoothly, we can assist you in finding the ideal small business financing. To find out more, call us right away.