There are many types of business loans across a wide range of lenders, including Australia's major Banks and Finance Companies.

Finding the right one can be difficult and confusing.

At Broadlink we are focused on providing personal service to understand your needs and finding the best options available for you.

When it comes to business finance, the Broadlink team have the knowledge & experience to assist you in gathering and preparing the information that will be required to make the process as easy as possible.

No matter the size or status of your business our team at Broadlink can tailor a business loan to suit your circumstances.

In most cases we don't charge our customers up front fees*. Our services are paid for by the financier. The major Australian banks & Financiers benefit from a strong relationship with finance brokers and to use an analogy that's more familiar to our client base, it could be explained that Finance Brokers are like subcontractors of the lenders.

Brokers provide a shop front service, taking applications, presenting those applications to the financier lending teams in a format that they a familiar with, preparing the finance documents, attending to sign-up, and submitting signed documentation with supporting documents for settlement.

The lenders don't have the cost burden of providing the infrastructure for the shop front services that brokers provide and they do not need to pay additional employees for the tasks undertaken on their behalf. This allows them to pay brokers whilst still remaining competitive.

The benefit to you as a customer, is gaining access to a full range of lenders competing for your business, assistance obtaining finance from application to settlement, all without having to pay a fee for the service.

*Note that normally the banks & financiers charge an upfront establishment fee and there may be upfront government fees depending on the type of finance.
 In rare cases we may need to charge an upfront fee for an additional service that the lender does not cover the cost of.

Obtaining business finance approval for lending of business equipment and motor vehicles is generally very fast via Broadlink thanks to it’s strong relationships with the banks & financiers and the experience of our team.

Once all information is provided by a client for their application, they can generally expect an approval within days.

Once the goods being supplied are ready for delivery, the preparation of finance documents & the signing of documents and subsequent payment for settlement can also be undertaken withing days.

Broadlink take pride in being able to deliver a very fast, no fuss & professional service for our business clients.

*These time frames can extend to longer for more complex applications and for other types of business loans.

Yes it is possible to obtain competitive finance for businesses without the need to provide business financials for products such as Equipment Finance, Motor Vehicle Finance, Insurance Premium Funding, Professional Fee Funding and Truck & Trailer Registration Funding.

Lenders provide this type of service as a means of providing a convenient, fast, no fuss solution for customers whilst at the same time reducing their own costs via the finance assessment process.

The conditions for assessment without financials varies between financiers & depend on factors such as time in business, the goods age & type, and the applicant’s equity in real estate.

Your Broadlink broker can help navigate the options available to your business.

Brokers that specialise in Business Finance and may provide some consumer finance services.

They have business finance accreditations with lenders but usually less consumer finance accreditations.

Their brokers usually have a history of having worked at a major bank or financier, with experience in providing equipment finance products & services to business customer.

They are familiar with business practices and have the ability to analyse business financials.

Brokers that specialise in Consumer Finance and may provide some business finance services.

They have consumer finance accreditations with lenders and maybe some business finance accreditations.

The consumer application process is generally considered less complicated then that of a business finance application.

Their brokers may have limited or no work history in a business bank or business financier environment, but may have bank work history as a home loan lender or bank lending officer.

The term “Equipment Finance” may be best described in the banking & finance industry as having the following characteristics:

• Funding using finance facilities such as Chattel Mortgage, Hire Purchase and Lease.
• To assist the business purchase of goods for business use, generally anything that is portable (can be moved).
• More commonly known for financing of Heavy Machinery, Trucks, Trailers & Motor Vehicles, but used for funding of all types of business equipment.
• Finance terms are generally anything from 1 to 5 years.
• Repayments are generally structured monthly, but can be structured quarterly, half-yearly, yearly, and seasonally to match an applicant’s cashflow.
• A finance facility can be structured to have a lump sum balloon or residual at the term end, which in affect reduces the regular instalments.
• The equipment purchased, forms the security that the lender relies on.
• In most cases a lender does not require additional collateral security like freehold real estate.
• Provision of equipment finance could be considerred very fast compared to other lending products provided by banks.