Property backed business loans - Sparrow Loans

Debt consolidation business loans

Need funds fast?

  • From 6.5% p.a.
  • Rolling your debts into one can reduce fees, interest payments and stress.
  • Fast approvals within 2 days

APPLY NOWTALK TO US

Simplify your repayments with our commercial debt consolidation business loans, where you can restructure current liabilities fast.

Are your bad debts growing too high? Tax office after you? Customers not paying? Bills mounting up?

As a private lender, we can approve your loan within 48 hours and have your loan settled within a few weeks.

Do You Need To Consolidate Your Business Debts?

Business Debt Consolidation loans are helpful for businesses in the following situations

  • Do you have multiple loans? Are you making multiple repayments on business loans? If so, a Sparrow Business Debt Consolidation Loan can help you combine all these outstanding debts into one neat loan package. You can now manage one loan instead of multiple loans with excessive fees and higher interest rates.
  • Does your business need extra cash? If you already have multiple loans but need extra capital to help manage cash flows, a secured business loan can help you find that extra money. When the big banks turn you down, Sparrow Loans is here is help your business grow.
  • Stop paying excessive interest rates! Is your current interest rates too high and uncompetitive? Stop paying business debts with your credit card or crazy PayDay loans. Sparrow Loans can help you consolidate all your business debts into one easy to manage business loan. We have a long history of helping Australian entrepreneurs and businesses achieve financial success through bespoke debt consolidation loan solutions.

The Sparrow Loans Advantage

A smooth experience from start to finish for your debt consolidation business loans.

Buisness loans by Sparrow Loans

Responsiveness

We assess your debt consolidation application quickly and will come back to you within 2 business days.
Buisness loans by Sparrow Loans

Support

Whether you are a business borrower or a referral partner, you will have a dedicated relationship manager to help you through the application process with your debt loan.
Buisness loans by Sparrow Loans

Trust

We 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 debt consolidation business loan is approved.

Key Features for Debt Consolidation Business Loans

  • Interest Rates from 6.5% p.a.
  • Up to 75% LVR
  • No minimum term
  • No application or commitment fees
  • Approval within 2 business days
  • NSW, VIC & QLD Property accepted
  • Flexible Repayments available
  • Quick release of funds

Our Debt Consolidation Business Loans

Debt Consolidation Busines Loans - Sparrow Loans

How can you use our property-backed debt consolidation loans business loans?

The costs to extend your accounts payable, trade finance facility, equipment loans and other asset-stacked loans can add up. Many business owners can struggle to manage debt obligations with many financiers. As a business owner, you can consolidate your loans and lean on your property’s equity to streamline your loans with a commercial debt consolidation loan with us.

What Are the Benefits of Secured Debt Refinancing?

Refinancing your business debts with a debt consolidation business loan gives you lots more control, peace of mind and flexibility than your original debt arrangements. In most cases, refinance all your debts into one tidy loan will result in lower monthly interest fees. In addition, having one single payment plan frees up your business to manage cash flows more effectively. For example, it allows you to allocate funds for future growth, expansion or buying necessary capital equipment.

Unlike many debt agreements, Sparrow Loans secured debt consolidation loans are simple, easy to understand and 100% transparent, so you will be able to control your loan term, repayment schedule and have clarity around monthly interest rate repayments. It’s a win-win!

Small Business Australia and ATO Tax Debt - Sparrow Loans

Our flexible repayment options

If you are grappling with managing multiple loan repayments, consider a Sparrow Loans commercial debt consolidation loan to help you simplify your business. Consolidating your loans can help you restructure your current liabilities more cost-effectively and get ready for a bank facility.

Choose your loan term for your debt consolidation

Whether you need a loan for one month or 12 months, we give you the flexibility to choose your loan term. Your company must be at least 12 months old to access our debt consolidation business loans. You must register for GST and domiciled in Australia with Australian directors. We lend against property located in New South Wales, Victoria and Queensland. We can consider property in metro locations up to 75% LVR and regional locations up to 65% LVR.

Apply in 3 easy steps for your Debt Consolidation Business Loan

Step 1

Buisness loans by Sparrow Loans
Complete our loan application form online – this takes about 5 minutes

Step 2

Buisness loans by Sparrow Loans
Get a Letter of Offer with our rates, fees & any additional information required to proceed to unconditional approval

Step 3

Buisness loans by Sparrow Loans
Receive your funds within 2 to 3 business days from unconditional approval
APPLY NOW

Debt Consolidation Business Loan Requirements

  • Current ABN
  • Current Australian business address
  • Registered for GST
  • All directors and owners of the business to be Australia-based
  • Must be in business for at least 12 months
  • Property security
  • Loan Serviceability (if the interest is not capitalised within the loan facility)
  • Clear exit strategy

Frequently Asked Questions about our Debt Consolidation Business Loans

See some of the most commonly asked questions we get from clients about our debt consolidation business loans.

What is a debt consolidation loan for business?

Debt consolidation business loans are a great way to combine all your business loans and debts, even business tax debts, into one easy repayment loan. The beauty of a debt consolidation business loan is that all your debts are in one place under one loan and only one interest rate, which is generally lower than your paying interest rates. It also takes the pressure off you as you pay off all your creditors and nasty harassing phone calls and are left to focus on your business.

If you have tax debts, supplier debts or owe your staff money such as superannuation or holiday pay, then a business debt consolidation loan is perfect. You don’t have to juggle separate payment schedules.

Why consolidate my business loans?

Having one business debt consolidation loan in most cases outweighs the benefits of having lots of little loans.

  • It will save you money in the short to medium term by having lower interest rates and most likely fewer fees to pay associated with your loan.
  • One business consolidation loan is much easier to manage than multiple loans – just one monthly repayment. Plus, you can manage cash flows easier as all loans are in one place.
  • Setting up a repayment schedule is easy as you only have one loan and not multiple loans with many people you have to deal with.
  • One easy to manage loan will improve your credit rating if you repay this loan on time.
How much can I borrow for my business debt consolidation loan?

You can borrow between $200,000 and $2,500,000. When you submit your application, we’ll let you know how much we’re able to lend you based on your business financial figures and position.

Why should I use Sparrow Loans over other lenders?

A massive difference between Sparrow Loans and other lenders in Australia is that we don’t charge any hidden additional fees whatsoever. We are known for keeping our pricing 100% transparent, so you know exactly how much our business consolidation loans cost.

How is Sparrow Loans different to a traditional bank?

We are super fast and can have your business debt consolidation loan approved within 48 hours, where a bank may take anywhere between 6 to 8 weeks. Plus, they might not approve your loan. So you’ve waited all that time without approval which adds to stress and anxiety. With a traditional loan, you have so much more paperwork, hidden fees and waiting times. You know how banks can be; so frustrating and bureaucratic. With Sparrow Loans, you know what’s happening every step of the way and know exactly where you stand. We are here to help you grow your business, not put speed humps in the way like banks.

Do debt consolidation loans help your credit score?

Business debt loan consolidation has both the potential to help your credit score and hurt it at the same time. The extent to which it affects your credit score will depend on how proactive you are at maintaining your interest repayments. It will help with your credit score if you are diligent, but if you start slacking off and missing repayments, this will have the opposite effect. But most people don’t get a debt consolidation loan to help with their credit score; it’s just a byproduct of this. Most people will consolidate business debts into one loan to help reduce hefty interest fees from using a credit card or other loan facilities.

Have questions? Our friendly team is available on 1800 258 374  weekdays 9 am – 7 pm AEST