Power up your business
Smart finance solutions to invest in what matters most
“Looking to expand your business? SBS Lending makes it simple with flexible commercial and business loans. Whether it’s vehicles, machinery, or equipment, we’ll help you secure the right finance to drive growth and keep your business moving forward.”
FAQS
Frequently Asked Questions
Q: What's the difference between a secured and unsecured business loan?
A: A secured business loan uses a business or personal asset as collateral, such as a commercial property or vehicle. This typically results in a lower interest rate and a higher borrowing amount because the lender’s risk is lower. An unsecured business loan does not require an asset for security and is often approved faster. These loans are generally for smaller amounts and come with higher interest rates.
Q: What can I use a business loan for?
A: A business loan can be used for a variety of purposes. In Sydney, popular uses include expanding your operations, buying new equipment or vehicles, managing cash flow during quiet periods, purchasing inventory, hiring staff, or renovating your business premises.
Q: How long does it take to get a business loan approved?
A: The approval time can vary greatly. For a smaller, unsecured loan, approval can sometimes be as quick as a few hours to a few days. For larger, more complex secured loans, the process can take a few weeks as it involves a more in-depth review of your business financials and assets.
Q: What documents do I need to apply for a business loan?
A: Lenders will need to assess the financial health of your business. You’ll typically need to provide your business’s financial statements (like profit and loss statements), tax returns, and a business plan. For secured loans, you’ll also need documentation for the asset being used as security.