A business often requires money to grow, whether it’s for expansion, hiring staff, or purchasing equipment. But what happens when your big ideas are held back by limited cash flow?

It’s a common problem among business owners and one we hear about a lot. This is where a business loan can make all the difference, helping you unlock opportunities and move closer to your goals.

If you’re considering a business loan, here’s what you need to know.

What is a business loan?

A Business loan is a type of finance specifically designed for businesses. If you want to expand your business, purchase equipment or invest in a business premises, a business loan provides the upfront funds. Then you simply repay the loan over time in manageable instalments. Allowing you to invest in your business now and reap the rewards later.

When should you consider a business loan?

There are many reasons why a business loan might be right for you. Here are some of the most common scenarios:

You want to expand your business
Take a minute to think about your business goals. Do you want to open at a new location, launch a new product, or grow your team? A business loan can give you the funds to seize these opportunities without delaying your plans.

You want to buy equipment
Need to invest in specialised tools, machinery, or technology? A business loan allows you to buy the equipment now and spread the cost out over time. Whether you run a coffee shop in the centre of town or own a large rural agribusiness, using a loan to buy equipment can lead to increased productivity and efficiency, benefitting your bottom line.

You’re investing in where you do business
If you’re looking for a permanent location, a business loan can give you the finance needed for your dream storefront or business premises. Investing in a business property can be a nice addition to your assets and provides stability over the long term. At Coastline, our business loans can also be used for refinancing your business property.

What to Look for in a Business Loan

Not all loans are created equal. Here are some key features to consider before committing:

Flexible loan terms
Decide what works best for your cash flow. At Coastline, you can opt for shorter terms with higher repayments to pay off the loan faster or longer terms with smaller repayments to free up funds.

Flexible repayment options
With a Coastline Business Loan, you can choose from weekly, fortnightly, or monthly repayments to match your business cash flow. You can also make extra repayments or pay off your loan early without penalty.

Redraw facility
A redraw facility lets you access extra repayments if you’ve paid ahead on your loan. If something comes up, you can access the funds in your redraw facility.

Fees (or lack thereof)
At Coastline, our business loans have no ongoing fees, making managing cash flow and budgeting easier.

Ease of use
With a Coastline Business Loan, you can manage your business at any time through our secure internet banking platform.

Ready to turn your vision into a reality?

With flexible terms, competitive rates, and local expertise, our team is here to help you build your business.

Apply for a Coastline Business Loan

Talk to us today
Contact our Business Development Managers to explore how a Coastline Business Loan can help you achieve your goals.