Start with the way your business receives money
Hospitality businesses can face seasonal sales, high wage costs and rent commitments that do not fall when trade slows. A strong weekend does not necessarily cover a quiet month and an overdue BAS balance.
A business loan may address an existing ATO balance, but it must fit the business’s ongoing costs. No industry-specific approval policy, success rate or specialist case study has been supplied for this website.
Bring a realistic forecast to the conversation
Your accountant can help establish the debt and test repayment capacity. Lender criteria differ, and an initial conversation is not a guarantee of funding.
- Model quiet trading periods, not only peak weeks.
- Allow for wages, rent and supplier payments.
- Include current employee super and tax provisions.
Choose a structure, not just a repayment figure
Secured or unsecured lending can involve different risks, guarantees and costs. Compare the total amount repayable and consider the consequences if trading slows. Where viability is uncertain, ask for appropriately qualified advice before borrowing.
