Financing your business
Invest time into your business finances. Our business finance guide unpacks everything you need to know about financing your business.
Access additional funds directly from your business transaction account to manage your business cash flow or unexpected expenses.
Many businesses take advantage of business overdrafts. Interest rates for this type of finance are always variable. Overdrafts can be secured by property or even unsecured. Securing an overdraft with property comes with benefits, such as a reduced interest rate, a greater loan limit and favourable loan terms. Some businesses only require small unsecured business overdrafts where pricing on interest rates and fees are higher, although it is more important to have access to funds and flexibility.
Business overdrafts are for businesses that:
As a business, you can choose whether to secure or leave your overdraft unsecured. Securing your overdraft means committing a range of assets (such as residential, commercial, and industrial property) to give you a line of credit.
Choosing an unsecured overdraft means you may incur a higher interest rate, as nothing is held against your loan. However, it does expose you and your business to a lot less risk than a secure overdraft.
At Inovayt, our acclaimed Business Finance Professionals will find you the most appropriate solution and lender.
Business overdrafts have a multitude of benefits, including:
If you want more information on business overdrafts and if they’re the right option for your business, talk to one of our team members today.
Invest time into your business finances. Our business finance guide unpacks everything you need to know about financing your business.
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info@inovayt.com.au
