Commercial Property Loans
Secured Business Loans
Other loan products
Sparrow Loans specialises in small business loans for business throughout Sydney, Melbourne and Brisbane, but we also offer a range of other loan products to help your business grow. In most cases, we can have your loan approved in 48 hours. Call us on 1800 258 374 to see how we can arrange your business financing.
Why choose Sparrow Loans?
We believe in your business and help you when you need it most.
Sparrow Loans is your lending partner that keeps you going. With our 48 hour turnaround time and quick settlements, you can be confident that you have your funding sorted. Whether you need an urgent settlement or a lender that thinks outside the box, Sparrow Loans is the lender for you. Check out our loans and see for yourself!
Easy to apply. Simple as 1, 2, 3 and get a decision within 48 hours.
The Sparrow Loans Advantage
A smooth experience from start to finish.
ResponsivenessWe assess your application quickly and will come back to you within 2 business days.
SupportWhether you are a business borrower or a referral partner, you will have a dedicated relationship manager to help you through the application process.
TrustWe work hard to give you a smooth application process with clear requirements. You can be sure that our funds are ready to settle when your loan is approved.
Who can Sparrow Loans help?
- Sydney, Melbourne & Brisbane businesses that need funding fast
- Business looking to clean up their credit
- Sydney property developers that need a flexible funding partner
- Cash poor asset-rich businesses
- Tax debt relief
- Specialised businesses – service stations, childcare businesses and more
Frequently Asked Questions for Business Loans
These helpful FAQ’s are asked by some of our business customers looking for a loan or bridging finance.
Sparrow Loans offers commercial business loans of $250,000 to $2.5M+ for eligible businesses throughout Australia. Our loans can cover small businesses, tax liabilities, business expansion loans or purchasing a commercial property.
We’ve helped hundreds of Australian businesses with cash flow, investment in equipment, tax debts, working capital purchase inventory, site acquisitions, non-structural property improvements.
We can settle your commercial business loan within a few business days. However, the valuation turnaround is the limiting factor. We understand that your business needs the funds, so we will expedite this process as much as we can.
No, we don’t; we can only lend to companies and corporate trustees. And, these loans must predominantly be for business purposes.
The fees for our commercial business loans would be an establishment fee between 1.5% and 2.2% of the loan amount. There are valuation and legal fees involved. These are third party costs, and we will advise you of these fees upfront, so there are no surprises. Unlike other private funders who will charge commitment fees, Sparrow Loans is unique; you only pay the fee on settlement. The advantage is that if we cannot settle, you are not out of pocket, which means that this is risk-free until you accept our offer.
Our LVR is dependent on what type of property security is involved. We can lend up to 75% for residential properties, up to 70% for commercial properties. And up to 65% for DA approved sites. Most private lenders will only lend up to 65% on commercial property, and up to 60% on DA approved sites, making Sparrow Loans more competitive.
It ultimately depends on the exit strategy of the business loan. If the exit strategy involves property security sale, we don’t worry about serviceability as the loan and interest will be paid on exit. If the exit strategy is not airtight, we look at the business’s free cash flow and liabilities, which means we review a 6-month trading statement, your past 2 BAS, and your statement of position (your assets and liabilities).
The rates start from 7.5% for most businesses. The average rate works out between 8% and 9%, but we will discuss this with you at our first free consultation.
Our loan terms are up to 12 months, with the capacity to roll over for an additional 12 months. Our minimum term is as little as 1 month.
The most critical components of a loan assessment are the LVR and the borrowers capacity to repay the loan on time.
The best thing to do would be to tell us as soon as possible before the due date to explore other options to restructure the deal. Or we might place it with another funder that can support the loan.