Guide topic
Business Loan Costs and How to Compare Offers
How business credit is priced and how to compare offers fairly.
Two offers for the same amount can cost very different sums once fees, term and repayment frequency are taken into account, and the way some products are quoted makes them hard to compare at a glance.
These guides explain the moving parts of business loan pricing without quoting rates, and show you how to reduce any offer to a handful of comparable numbers using your own quotes and our calculators.
Ready to talk about your own numbers? Make one enquiry; there is no credit check when you first enquire.
Factor pricing on business loans, explained in dollars
How factor pricing works on short-term business loans and cash advances, how it differs from interest, what early repayment does and how to compare it.
Daily, weekly or monthly repayments: which suits your business?
How repayment frequency affects business cash flow: daily, weekly, fortnightly and monthly repayments compared, with a simple test against your banking pattern.
Fixed or variable pricing on a business loan?
Fixed versus variable pricing on business loans: certainty, flexibility, break costs and when each suits, plus questions to ask before you choose.
Balloon payments explained: lower repayments, bigger finish
How balloon and residual payments work on business vehicle and equipment finance, their pros and cons, how to size one safely and your options at the end.
How lenders price business loans
What drives the price of a business loan: funding costs, risk, security, term, size, documentation and competition, and how you can influence your price.
The business finance comparison checklist
A practical checklist for comparing business finance options side by side: purpose fit, cash received, total cost, repayments, security, flexibility and exit.
Your next step
See if your business qualifies
Make one short enquiry about the finance you need. Asking does not leave a mark on your credit file, your details are not auctioned to a list of lenders, and a real person reviews what you send. The more accurate your answers, the better the first conversation.
- No credit check to enquire. Asking a question about your options leaves no mark on your credit file. A credit check only happens later, if you decide to apply.
- One enquiry, not a lead auction. Your details are not sprayed across a list of lenders. One lending partner looks at your situation properly.
- A real person reads it. A person who works with business finance every day reviews your enquiry and calls you. Accurate answers help them get it right first time.