Finance One Commercial understands that life isn’t always smooth sailing. If your business finds itself in the perfect storm unable to make ends meet, let us throw you a life ring! We can leave your credit history in the past and take a personalised approach to lending when assessing your application. We’re passionate about working with everyday Aussies to help provide finance for your business needs for vehicle and equipment.
If you’re looking for a business loan for a new vehicle or equipment, we’ll work with you to help provide the best solution for your unique circumstances even if you have a bad credit history or no credit history.*
*Loans between $75,000 – $150,000 must be property backed.
**48 hours approvals are subject to sufficient documentation being provided to assess the application.
Normal lending criteria, terms & conditions and fees & charges apply.
We will consider…
We have provided finance to many Australian businesses which have faced challenges accessing finance. We can provide a range of options regardless of whether you’ve experienced a bad credit history including defaults, judgments or bankruptcy in the past. Leave your past behind you with a Business Loan from Finance One Commercial.
✓ Poor or no credit history
✓ Discharged from bankruptcy/Past insolvency
✓ Defaults on your/the business credit file
Steps to obtaining a Finance One Commercial Loan.
Let us answer your questions.
I have a bad credit/poor credit history or defaults on my credit file. Can I apply?
Yes you can apply. We may have the ability to provide finance options for applicants who have had previous poor credit including defaults, previous bankruptcies or Part IX Debt Agreements. We can consider applicants that have been discharged from bankruptcy for a minimum of 1 day.
How long could it take for a Commercial Loan application to get approved?
If you have provided all of the information required to make a decision, we can have an answer back to you in as little as 24 hours to 48 hours**.
What is a loan for business purposes?
A Business Loan is a loan wholly or predominantly for business purposes.
What documents do I need to provide when I apply?
At a minimum, Finance One Commercial will require:
- A completed application form;
- A signed Privacy Consent form;
- Identification documents; and
- The most recent six months of bank account statements of the business, submitted via the secure bankstatements.com link we provide to you.
What could my interest rate be?
Our interest rates can vary depending on your overall credit profile including, but not limited to, your stability of income and residency status, your credit history and your banking conduct.
How long do I need to have my ABN for before I can apply for a Loan?
You must have had your ABN for at least 6 months and be earning consistent income.
Do I need to be GST registered?
While you do not need to be registered for GST to apply for a Business Loan with Finance One Commercial, some loan products are only available to GST-registered applicants.