Bad Credit Business Loans
Access Bad Credit Business Loans from HomeSec with More Options
Several Aussie business owners get rejected on their business loan applications from traditional banks or conventional financial institutions due to their poor credit rating or history. But at HomeSec, we are the lender that funds Bad Credit Business Loans all day long. We believe that your past should remain in the past and presently judge your application. We have already helped many Australian business owners turn their companies around with the assistance of business loans for bad credit. We do not pass any judgments on the borrowers and only provide them with proper support by assessing their applications.
Whether you are looking for opportunities to grow, recruit new staff, cover daily operational costs or expand your business, we have different financial options. With more than 18 years of experience, our specialist team is well-trained to provide customized loan products according to your requirements.
Different Types of business loans for bad credit
There are primarily two types of business loans with bad credit. These are:
Capitalised bad credit business loans
In this loan type, you can secure the funding against the equity in your home and have all the fees and interest capitalised into the loan and repaid at expiry. Capitalised Secured bad credit loans in Australia from HomeSec are great for cash flow.
Interest Only bad credit business loans
In this loan type, the borrower also uses the equity in the property but will be required to make interest only payments. This option is for long term 12 month loans.
How can secured bad credit business loans in Australia help you?
A bad credit rating or history means that traditional lending institutions will see you as a risk, and it becomes difficult to get loans from them. However, HomeSec offers support to those business owners seeking loans with a bad credit report at a competitive interest rate and best repayment periods. You can use the funding from business loans for bad credit for the following purposes.
Starting a new venture
Do you always want to become your boss? If yes, HomeSec has various business loan options for entrepreneurial people with bad credit.
Buying equipment
If you have outdated or broken equipment, it might be costing you profitable income. A business loan for poor credit will assist you in getting back into the game by buying new equipment.
Marketing and Advertising
If you want to create more leads and sales or build your brand, you should invest additional capital in advertising and marketing. Bad credit business loans can help you with this.
Maintenance and repair
When your technology or machinery is not working appropriately, it can affect your bottom line. Business loans with bad credit are helpful in this circumstance.
Working capital
Working capital through loans with bad credit can assist you in solving all your short-term financial requirements. It is best to use this funding if you need an additional boost and is in a tight financial spot.
Recruiting new employees
With extra staff, you can remain more profitable and productive. So hire new staff and pay additional salary with the help of bad credit business funds.
Improving Inventory
While expanding the business, sometimes the business owner needs to increase the inventory. It is especially applicable to seasonal sales. You can get the additional funds to purchase required inventory with business loans, even with bad credit.
Buying or leasing new premises
Did you have outgrown your current business location and want to move somewhere more accurate for your operations? Business loans for bad credit will offer you the necessary funds to buy or lease new premises for your company.
Covering tax debts
If you have an outstanding tax debt with the ATO secured bad credit loans in Australia can assist you in paying off your tax debts without difficulty.
Why Select HomeSec as your Bad Credit Business Loan Lender?
Bad credit business funding can offer your company the necessary financial resources and boost your credit score. By receiving business loan approval from HomeSec and making all the repayments on time, you can observe an increase in your credit score. It helps business owners to get back in the game.
Bad credit business loans from HomeSec offer you the opportunity to obtain finance even when traditional banks reject it. We offer you a second chance to get financing with flexible interest rates and repayment terms. We provide you with a perfect solution that will suit you and help your business get on the right track to move forward with positive financial resources. The reason why HomeSec is the first choice for most business owners in Australia for bad credit business loans is as follows.
- Greater flexibility and lenience compared to traditional banks
- Provides support to customers with bad credit
- Customized loan terms according to the borrowers’ affordability and needs
- Faster application approval and procedure
- Wide range of loan borrowing amounts
HomeSec understands the finance world and offers extensive guidance on business loans for bad credit. So get in touch with us to know more.
Our Customers
Homesec came to the rescue when another short term lender would not let me extend my existing loan. Homesec paid them out and then allowed me to extend until I was in a position financially to pay them out. They are fair and flexible which is exactly what I was looking for.
Richard - Business Owner from QLD
The team at HomeSec are genuinely helpful and a pleasure to deal with. The online application app is very easy to use. Initially you only need to enter the minimal amount of information into the app to get a fast response from one of the BDMs. This is good news when I get busy. Highly recommend HomeSec.
John Cooper
Dealt with Vince Bolger for some urgent finance for a customer. His knowledge and his after hours response allowed me to find a quick finance solution for my clients and I was able to provide an awesome outcome/solution. Thanks Vince for your help and guidance.
Matthew Sharlassian
HomeSec where easy to deal with and understood the needs of small business the application process was simple and quick i couldn’t be happier with them
Melanie Davis
Vince from Home Sec was so easy to deal with. This was my first experience with this organisation. Simple process, easy for my clients to navigate their process. Will definitely be using them again if need be.
Brad Frost
Homesec is the go to funder for our clients’ short term funding requirements. Thoroughly professional and they deliver on time every time. Private funding can be a minefield so its god to know there’s one you can trust.
John Brice
Excellent people to deal with. Proactive, Commercial and Understanding. Highly recommend Paul, Jason and the rest of the HomeSec team for your private lending needs
Paul Dubois
I have been dealing with HomeSec for some time and always find them professional, prompt and fantastic to deal with
Peter Cook
Superior effort from the staff at HomeSec. Had my loan approved within a day with no problems. I Highly recommend their services.
Leon Mand
It was a pleasure working with HomeSec right from the beginning. They act with integrity and are very transparent with the service they provide. I would highly recommend using HomeSec Business Finance to anyone.
Courtney Cochrane
Dealing with Vince and the team at Homesec is always a pleasure, experts in their field, quick to answer any questions, clear communicators. If i could give 6 stars i would!
Anthony Bacic
If you have sufficient equity in real estate, you are almost certain to be APPROVED and funded within 24 hours.
Frequently Asked Questions
Bad credit is when you have a default or judgment recorded on your credit file, it can also relate to the number of enquiries you have made.
Credit history or credit defaults are not relevant to our funding, so provided you have sufficient equity in real estate you are almost certain to be approved and funded in as little as 24 hours.
Yes, provided you have sufficient equity in real estate.
Loan options available are capitalised loans from 1 – 6 months or a 12 month interest only option.
Bad credit does not stop you from qualifying for business funding with Homesec Business Finance.