G-8RM9PMTT5X
Contact UsApply Now
Business Loans

Get Assistance with Business Loans in Melbourne

Are you planning to start a business or need to purchase equipment or acquire resources? You will need to opt for a business loan then. But if you are unaware of the steps that need to be followed or confused about the application process, it’s time to connect with MBG Services. Here, our brokers will assist you with business loans in Melbourne after listening to your requirements.

Our professionals will determine whether you are eligible for the loan and the purpose of opting for the loan. Doing so will help them provide you with the right suggestions. Additionally, they will recommend a loan solution that will help you reach your goals. So, if you require support with Melbourne business loans from experts, we are here to meet your needs.

Business Finance Melbourne
Business Loans Melbourne

Here’s How We will Help You with Business Finance in Melbourne

After our brokers determine your eligibility, they will walk you through the various loan solutions available. They will also compare them for you so that you can make the best decision. Next, they will assist you with the application process related to business finance in Melbourne. While doing so, they will ensure that it gets approved by the lender without any red flags.

If you have any queries about overall small business loans in Melbourne our professionals will resolve them during the discussion and even after that. Besides, they will provide you with other details regarding the loans, such as the interest rates, maturity period, etc.

Why Opt For Our Melbourne Business Finance Support Service?

Choose MBG Services when it comes to Melbourne business finance support service since:

  • We will suggest the right business loan package
  • We will provide you with the details regarding the chosen business loan
  • We will solve your loan-related queries for your convenience
Small Business Loans Melbourne

Schedule A Discussion with Us Regarding Business Loans

To book a discussion with us regarding business loans, call 03-9492 4860. Or, visit the ‘Contact Us’ page and fill out the form to reach out to us. You can write to us at info@mbgservices.com.au for more details about us.

FAQs

What are the different types of business loans?

There are several types of business loans available. We offer business loans in Melbourne that can be either secured—using an asset such as property as collateral—or unsecured, which typically allows you to borrow a smaller amount without needing to provide security. Additionally, there are loans specifically designed for purchasing vehicles or equipment. In simple terms, businesses can access various types of loans tailored to their needs.

  • Term loans provide lump sums that are repaid over time, making them ideal for expansion or asset purchases. Lines of credit offer flexible borrowing for cash flow management. Equipment finance helps acquire machinery or vehicles.
  • Invoice financing lets businesses borrow against unpaid invoices.
  • Commercial property loans fund real estate purchases or development.
  • Startup loans support new ventures, while merchant cash advances provide upfront cash repaid via future sales.

Government-backed loans and business overdrafts are also common. Each loan type suits different stages and needs of a business’s growth and operation.

What are the eligibility criteria for a business loan?

Loan eligibility criteria can vary depending on the type of loan you choose. However, in general, you’ll need to be over 18 years old and operate an Australian-registered business with a valid ABN. The Bank of Melbourne will also assess factors such as how long your business has been operating and its financial position to determine your borrowing capacity.

How long does it take to get approved for a business loan?

The time it takes to receive a small business loan in Melbourne can vary based on several factors, such as whether the loan is secured or unsecured, whether you’re an existing or new customer, and your overall financial situation. It also depends on how promptly you provide the necessary documentation. In general, the process from application to approval and loan settlement can take anywhere from a few days to up to a month, depending on the loan type.