Business Loans for Bad Credit in Hobart

Bad Credit Business Loans Adelaide

Don’t be held back by a bad credit history.
Apply for a business loan with Finance One Commercial.

At Finance One Commercial, we specialise in lending a helping hand to small companies that require a loan to finance the purchase of new vehicles, equipment, or materials. Our business finance and loans in Hobart are available to any business which may need a second chance and has held their ABN for at least 6 months and who meets our basic approval requirements. 

Personal Loan Range

Loans from $8,000 to $125,000**

Personal Loan Term

Loan terms from 3 - 7 years

Personal Loan Time

Approvals in as little as 48 hours*

Bad credit history? Business loans in Hobart.

Not every business has the perfect credit history. Over time there can be many circumstances that could negatively affect your credit rating, which may be less than appealing to a traditional lender. At Finance One Commercial we judge each case on its own merits and are primarily interested in how we can help your business to get back on its feet. We focus on your current situation rather than on your past problems.

Our business finance and loans for bad credit in Hobart are designed to help smaller companies navigate troubled waters and re-establish a firm financial footing in order to thrive in the future. Whatever previous difficulties you have encountered, we will be happy to consider your application based on your current circumstances.

  • Company cars
  • Utes
  • Trucks
  • Tractors
  • Earth moving equipment
  • Forklifts
  • Commercial use lawn mowers
  • Trailers
  • Food trucks

Can I qualify for a
Finance One Commercial Business Loan?

Income.

Have you been receiving regular income under your ABN for 6 months or more?

Step 2

Borrow.

Do you want to borrow between $8,000 to $125,000?**

Age.

Are you at least 21 years of age?

Step 2

Credit History.

Sole traders – defaults on your credit file or discharged from bankruptcy?

Apply for a Business Loan for Vehicle or Equipment.

To apply for a business loan, you will need your ABN/ACN, driver’s licence details, basic details about your business (operating years, structure, and turnover) and business account statements.

How to apply for commercial finance and loans in Hobart from Finance One Commercial.

At Finance One Commercial, we believe in finding solutions rather than adding to existing problems. Our business loans in Hobart and across Australia have been designed to help support your immediate and long-term business needs. The application process could not be easier, with our online process simple to follow and our customer support team always ready to help. For more details, feel free to contact us to discuss how we may be able to help your business take the next steps into the future, or complete the online enquiry form.

Let us answer your questions.

How much can I apply to borrow with business loans for bad credit in Hobart?

We can provide unsecured business loans from $8,000 to $75,000 and loans secured on property from $75,000 to $125,000. If you are not sure how much you might be eligible to borrow, please don’t hesitate to call and speak to one of our consultants. Our team is here to help guide you through the loan application process and to help your business to excel in the future.

Are business loans for bad credit in Hobart available to all companies?

Finance One Commercial can offer big and small business loans for bad credit in Hobart provided that your business is able to meet our basic application requirements. Our business finance in Hobart is intended to help as many small businesses as possible, so you know that you have someone in your corner. We can look past your bad credit record to focus on your business potential and financial needs.

How much interest could be charged on your business loans for bad credit in Hobart?

Interest payments for our business loans in Hobart are determined by your business’ overall credit profile. This includes, but is not limited to, your business’ credit history, turnover, banking conduct, and the stability of its income and residency. Once our team has considered the details of your application and the circumstances surrounding your request and your application has been approved, we may forward your approval letter together with a proposed interest rate, for you to consider. 

How long could it take for my loan application to be processed?

If you have provided all the information required, we may be able to get back to you within 48 hours*.