FAQs

An online commercial credit calculator may be used to get estimates on funding prior to submitting the paperwork or requesting quotes.

Lenders may request personal financials from self-employed enterprises as part of the paperwork. This will be subject to individual lender guidelines and the purpose for the funding.

Yes. Forms and paperwork for funding can be submitted prior to purchase and based on an estimated amount and general indication of the vehicle being purchased.

Where financials on the operation are not available, operators may contact brokers and lenders that offer without financials commercial credit.

When requesting commercial credit, operators need to provide ABN, ID, financials for operation and details of the what is being financed.

Some lenders and brokers offer a 24 hour approval timeframe, other around 48 hours but approval timing is subject to the complexity of the forms and details submitted and the lender’s processes.

There can be variations in the detail required for different credit facility requests but in general, the overall financials for the operation and purpose for the funding will be the same for most commercial funding.

Some lenders and brokers provide online application services.

There should be no obligation to accept an offer until the offer is received and approved by the applicant.

There will be varying process for submitting requests for funding depending on the bank, lender or broker being used. Forms can be submitted online for some lenders and over the phone by most. A range of financials and details on the enterprise and the purpose for the funding will be required.