Are you struggling with everyday cash flow issues with your business?
Relax. We are here to help. Having your finance ready to go can be a huge relief for a small business owner. You don’t have to worry; we have you covered!
To get started you need
An ABN or ACN | To be registered for GST | Australian based
A smooth experience from start to finish
Running a business can be challenging as you’re responsible for all your business departments. You have to manage the marketing, sales, operations, purchasing, accounting and much more. It’s no surprise that businesses find themselves overwhelmed when organising their business or planning tax time. As a private lender, we can approve your loan within 2 business days and settle within a few weeks.
You can use our business loans to finance new equipment, inventory, working capital, tax debt or pull the trigger on a time-sensitive opportunity. Managing your accounts payable can be stressful when your debtors do not pay you on time. Organising cash flow finance or trade finance facilities may be too expensive when other lenders can help you lean on your property portfolio. Obtaining a property-backed small business loan can result in a much cheaper interest rate than an unsecured loan.
With unsecured loan rates so high, getting a secured working capital loan will be more cost-effective than an unsecured loan. Consider the Sparrow Loans Working Capital Loan if you need capital to meet cash flow shortfalls for periods throughout the year. Meet your short-term operational costs by releasing equity in your property. You can choose to capitalise your repayments into the facility for the duration of the loan term or pay your interest monthly.
Our flexible repayment options combined with our flexible loan terms make our working capital loan an ideal choice for a business with a short-term blip on its cash flow management. We offer flexible repayment structures depending on your business strategy. We consider the length of time you want the loan and how you plan to exit it. We can consider principal and interest (P & I) payments, interest-only (IO) payments or capitalised facilities that include the interest cost into the loan term. Our lending requirements are not as strict as the bank as we try to understand your business’s unique position and strategy.
Our lending requirements are not as strict as the bank as we try to understand your business’s unique position and strategy. There is no one size fits all with small businesses, and we know that. As a private lender, we can approve your loan within 2 business days and settle within a few weeks. Having your finance ready to go can be a huge relief for a business owner – you don’t have to worry; we have you covered!
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 working capital 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 70% LVR and regional locations up to 65% LVR.
See some of the questions our clients ask us all the time about our working capital business loans.
Investopedia describes a working capital loan as a loan that is taken to finance a company’s everyday operations. These loans are not used to buy long-term assets or investments and are, instead, used to provide the working capital that covers a company’s short-term operational needs.
All types and sizes of businesses can use a working capital loan. Tradies can use it to help with the daily running of a business; professionals can use it to pay staff, and service industries can use a working capital loan to pay for inventory and supplies. Any business may require extra cash to help them keep solvent, which is where a working capital loan comes in handy.
If your business is experiencing some quiet times and is perhaps seasonal, you’ll need a working capital loan to help with everyday expenses. A working capital loan will help your business through the tough times to prepare itself for better trading periods.
Can I use a working capital business loan to pay staff?
It’s pretty standard, especially during quiet periods for businesses to run out of cash flow. Business owners will need extra cash or working capital to pay for the daily running of the company, which includes paying staff payroll, superannuation, and tax debts associated with staff such as IAS and payroll tax. A working capital loan is a fantastic way to keep your business ticking along nicely and your staff happy.
Using a working capital business loan to purchase extra stock or inventory is the perfect solution to ensure that you don’t miss any business opportunities such as bulk-order sales or last-minute deals. If there’s a deal out there, you want to have the cash in the bank to snap it up! With Sparrow Loans, you can utilise your property portfolio to access capital for any business purpose.
There are many benefits of a working capital loan which include:
It takes just 5 minutes to apply online. Once we have all your information, your working capital funds are approved within 2 business days, and we can have the funds in your account in about two weeks. You deal with a dedicated loan specialist who will keep you up to date throughout the loan process.
Sparrow Loans can lend for a term as little as 1 month up to 12 months. We do have the option to rollover facilities by an additional 12 months if required.
You can borrow from $200,000 to $2.5 million as a secured property-backed loan.
Request a copy of our Information Memorandum to find out more
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Sparrow Loans is a Sydney based boutique private lender & takes the work out of getting Commercial Business Loans, Bridging Finance, Tax Debt Loans, Construction Loans, Primary Loans & Secured Business Loans. Access $200,000 to $2.5 million in only 2 business days! We are fast, friendly and 100% Australian owned.
Address:
L15, 175 Pitt Street, Sydney NSW 2000
Phone:
1800 258 374
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