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Melbourne’s Trusted Business Loan Brokers – Get the Funding You Need

Navigating the complex world of business finance has never been easier. At Novelty Loan, we specialize in finding the best type of business loan options tailored to your unique business needs, ensuring you reach your full potential. Whether you’re a startup looking for a solid foundation or an established enterprise aiming for expansion, we’ve got you covered.

With 16 years of industry expertise and an in-depth understanding of Melbourne’s dynamic business landscape, Novelty Loan is your trusted partner in securing the most suitable financing solutions. Our dedicated team is committed to helping businesses thrive through personalized service and tailored financial strategies designed to meet your specific goals.

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Our Business Loan Services in Melbourne

  • Commercial Property Loans: Ideal for purchasing or refinancing commercial real estate, giving your business a stable foundation.

  • Equipment Finance: Acquire essential equipment to keep your operations running smoothly without upfront financial strain.

  • Working Capital Loans: Manage day-to-day expenses and maintain cash flow, ensuring business continuity.

  • Business Line of Credit: Flexible access to funds when you need them, ideal for fluctuating financial needs.

  • Unsecured Business Loans: Perfect for businesses without collateral, offering financial support based on creditworthiness.

  • Secured Business Loans: Loans backed by assets for lower interest rates, ideal for small business loans and loans for start-up businesses.

  • SME Loans: Tailored specifically for small and medium-sized enterprises to fuel growth and expansion.

What Makes Us Different?

  • An extensive network of reputable lenders.
  • Personalized service and bespoke solutions.
  • Skilled negotiators ensuring competitive rates.
  • Streamlined application process for faster approvals.
  • Deep knowledge of Melbourne’s business environment.
  • Ongoing support and financial guidance to help your business grow.

Understand Your Business Finances Before Applying for a Loan

Profit & Loss Analysis

Assess financial health.

Cash Flow Projections

Demonstrate repayment ability.

Debt-to-Income Ratio (DTI)

Show financial stability.

Credit History

Personal and business credit matters.

Industry Risk

Some industries have higher risks.

Management Experience

Lenders assess leadership expertise.

How Lenders Assess Risk

Lenders evaluate loan applications based on several factors, including:

Credit Score

Business and personal credit history.

Financial History

Past financial performance.

Business Plan

Demonstrating business viability

Industry

The risk associated with the industry.

Loan Security

Collateral offered, and asset valuation.

Understanding Loan Costs and Fees

Transparency in Pricing

Common business loan fees include:

  • Establishment Fees
  • Valuation Fees
  • Legal Fees

At Novelty Loan, we ensure full transparency on costs, so you know what to expect upfront.

Preparing Your Loan Application Documents

What Documentation Do You Need?
  • Financial Statements
  • Tax Returns
  • Business Plan
  • Bank Statements
  • Legal & Identification Documents

Our team helps you compile and organize the necessary paperwork for a smooth
application process.

How We Help You Secure Your Small Business Loan in Melbourne

Our Streamlined Process

  • Initial Consultation – We take the time to understand your unique business needs and financial goals.

  • Loan Options Presentation – Our experts research and present the best financing solutions tailored to your situation.

  • Application Preparation – We help gather the necessary documentation and ensure your application is strong and complete.

  • Lender Negotiation – We negotiate on your behalf to secure the best loan terms and interest rates.

  • Loan Approval & Settlement – Once approved, we guide you through the final steps to ensure a smooth funding process.

Assessing the Risk of a Business Loan

Making informed borrowing decisions requires careful risk assessment. Consider:

  • Financial Health: Analyze your past financial performance and trends.

  • Cash Flow: Project future cash flow to ensure consistent repayment.

  • Debt-to-Income (DTI): Calculate your business DTI.

  • Repayment Ability: Evaluate your capacity to repay, considering economic factors and business risks.

  • Factors to Consider: Repayment terms, interest rates, and potential impact on cash flow.

Lenders consider various factors when assessing risk, including your credit score, revenue, profitability, and the industry you operate. At Novelty Loan, we assist you in conducting a comprehensive risk assessment, ensuring you make informed borrowing decisions that align with your business goals.

Take the Next Step Toward Business Success

At Novelty Loan, we simplify business financing so you can focus on growing your business. Whether you’re a new entrepreneur looking for loans for start-up businesses or an established company seeking small business loans, our expert team is here to help.

Don’t let funding hold you back—secure the right business loan today! Your business potential is limitless—let’s make it happen together!

  • We are tied up with this company for loans.
  • We are tied up with this company for loans.

Why choose us

WHY CHOOSE US AS YOUR
TRUSTED FINANCIAL PARTNER?

With expertise in handling low credit scores, we offer tailored loan solutions designed to meet individual needs. Our focus is on finding flexible options and providing guidance to help navigate financial challenges and achieve your goals effectively.

SAVE MONEY AND SAVE TIME, TALK TO EXPERTS

SAVE MONEY AND SAVE
TIME, TALK TO EXPERTS

10+ YEARS

MORTGAGE BROKER Services

EXPERTISE YOU CAN TRUST

With years of experience and financial expertise, our expert team provides reliable guidance and effective solutions tailored to your needs.

TAILORED SOLUTIONS

We specialize in customizing financial solutions to fit your specific situation, providing you with personalized support and the most effective strategies.

PROVEN TRACK RECORD

With a history of successful outcomes and satisfied clients, our proven track record highlights our commitment to achieving the best results for you.

FAQ's

GOT A QUESTION?
GET YOUR ANSWERS

Find the answers you need below in our comprehensive FAQ section.
We’re here to help clarify any doubts you may have.

Get Started Today

Application Fees: A fee charged by the lender to process your application.
Valuation Fees: The cost of having a professional valuer assess your property’s current market value.
Legal Fees: Fees charged by your lawyer to review the loan documents and complete the legal transfer.
Lenders Mortgage Insurance (LMI) (if applicable): If you’re borrowing more than 80% of your property’s value, you may be required to pay LMI.
Early Exit Fees: If you’re breaking your existing loan contract early, you may incur early exit fees.

The time it takes to refinance can vary depending on several factors, including your financial situation, the lender’s processing times, and the complexity of your loan. Generally, the process can take anywhere from 4-6 weeks to complete.

Lenders typically have minimum credit score requirements for refinancing. While these requirements can vary, a good credit score will generally increase your chances of approval and help you secure a lower interest rate

Refinancing with bad credit can be more challenging, but it’s not impossible. Some lenders specialize in loans for borrowers with less-than-perfect credit, but you may face higher interest rates and stricter lending criteria.

The specific documents required can vary depending on the lender, but generally include:

Proof of income: Payslips, tax returns, bank statements.
Proof of expenses: Living expenses, other loan repayments.
Identification: Drivers licence, passport.
Property documents: Title deed, mortgage documents.
Bank statements: Recent bank statements from your existing accounts.

TESTIMONIAL

WHAT OUR CLIENTS SAY?

Working with Novelty Loan was a fantastic experience. Their team provided clear and personalized advice, helping me secure a loan that perfectly suited my needs. Their expertise and commitment to finding the right solution made the process smooth and stress-free. Highly recommend!

Liam Caldwell

Review

I was really impressed with how Novelty Loan handled my loan application. Despite having a low credit score, their team found a tailored solution that worked for me. Their professionalism and dedication to client satisfaction were evident throughout the process.

Ava Sinclair

Review

Novelty Loan exceeded my expectations with their exceptional service. They guided me through every step of the loan process with patience and expertise. Thanks to their support, I was able to refinance my home with ease. I’m grateful for their help and highly endorse their services.

Sophie Mitchell

Review