Start with the way your business receives money
Fuel, wages, maintenance and vehicle repayments are ongoing costs. When freight customers pay on longer terms, cash flow can tighten before the next tax payment is 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.
- Show customer payment cycles and fleet repayments.
- Allow for maintenance and downtime.
- Keep working capital available for fuel and wages.
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.
