Start with the way your business receives money
Project-based fees and delayed client approvals can create a gap between staff costs and receipts. Work in progress is not the same as available cash when a tax payment falls due.
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.
- Explain billing milestones and debtor days.
- Allow for payroll between project receipts.
- Separate booked revenue from collected cash.
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.
