Business finance, Perth brokers, Australia wide
Commercial Loans
The company borrows. Somebody guarantees. Know which one you are before you sign.
Look no further than Yes Loans to help with all your business loan needs. We are based in Perth and service Australia-wide, and we made the choice to provide finance to all businesses including startups and business buyouts.
From $5,000, terms to seven years
Startups and business buyouts included
Get your personalised rate
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Yes Loans offers fast, flexible Commercial Loans that meet your every need
As the leaders in the field, Yes Loans is proud to offer small- and medium-sized business owners flexible, varied options for business loans that fit their needs and pockets.
From $5,000,
and up from there
Finding a good source of money is an ideal step in beginning a new business. Acquiring a commercial loan from a bank is one way to finance your venture and is especially great for startup owners. But as you most likely know by now, getting a commercial loan from a bank isn’t usually easy for small businesses. Options can start as low as $5,000 and can scale upwards depending on your needs.
Terms of
up to seven years
We want our customers to have the choice in selecting the right repayment scheme for their situation. It is our interest to reduce pressure on your part so you can fund the business venture that you’ve always wanted. This is why we can extend the terms of a commercial loan up to seven years to accommodate your budget.
Fast approval times,
without delay
Many financial institutions nowadays perform numerous background checks and other verifications that can take up a lot of time for people in need. What makes us different than others is that we’re willing to give you the opportunity to get funding for your business right away. You can even apply for a loan from the comfort of your home and get approved in just a few days!
And a broker
who has read the policy
Our hands-on, experienced finance brokers are highly-trained in commercial and business loans and will be able to offer you a finance package especially for your unique needs. On business credit that matters more than it does anywhere else on this site, because there is no comparison rate to fall back on and far less of the paperwork is standardised. That’s why you’ll be talking to one of these eight.
Vehicles, equipment, cash flow, growth
What is the money actually for?
Commercial loan is four different products depending on the answer, and picking the wrong one is the most expensive mistake on this page. Three of the four have a page of their own that goes deeper than a hub can.
Company cars, utes, trucks and fleet
Are you looking to finance certain types of vehicles for your business? If you are, then you’ve come to the right place. At Yes Loans, we offer a variety of choices when it comes to funding company vehicles such as trucks, cars and the like.
How it is usually structured
Usually a chattel mortgage rather than a general business loan. The business owns the vehicle from day one and the lender registers its interest against it, which is what makes this the cheapest money on this page.
What sits behind it
The vehicle itself, which is the whole point. Because there is a real asset behind it, this is the one kind of commercial borrowing where a lender is least likely to need anything else from you.
Watch for
Buying the vehicle on a general business loan when it could have been financed against the vehicle. It is the same purchase and it is not the same deal.
Plant, machinery, tools and fit-out equipment
Not everyone can afford to buy equipment and other machinery whenever needed. However, these assets are important for a company to expand from where they are right now to the next level. You can choose to get new things for your company such as electrical equipment, computers, workshop tools, furniture, construction machinery and much more.
How it is usually structured
Financed against the equipment where the equipment holds its value, and unsecured where it does not. A CNC machine and a set of laptops are the same purchase to your accountant and two different applications to a lender.
What sits behind it
The asset, if a lender will take it. Anything that is fitted, consumed, or worth little second hand tends to end up on an unsecured facility instead, which is where the guarantee question below starts to matter.
Watch for
Assuming everything on the invoice can be financed the same way. Split the order and the good half often prices better on its own.
Working capital, stock and the gap between invoice and payment
The most common reason a profitable business runs out of money, and the one that has nothing to do with whether the business is any good. Wages go out weekly, stock goes out on order, and the invoice comes back in sixty days.
How it is usually structured
A line of credit, an overdraft or invoice finance rather than a term loan, because the need is temporary and repeats. Borrowing a lump sum over five years to cover a sixty day gap costs far more than it needs to.
What sits behind it
Frequently nothing specific, which is exactly why this is the category where a director’s guarantee is most likely to be asked for and least likely to be discussed.
Watch for
Solving a recurring timing problem with a one-off term loan. If the gap comes back every quarter, the facility should be one that comes back with it.
Expansion, a second site, a refit or buying a business
Do you operate a medium-sized business that needs capital to expand further? Are you a small start-up needing a boost to help get you firmly on your feet? Is your shop in need of a revamp or much-needed updating? We made the choice to provide finance to all businesses including startups and business buyouts.
How it is usually structured
A term loan, and the one case on this list where the lender is lending against a plan rather than against a thing. Expect to be asked for more, and expect the assessment to take longer than an asset purchase would.
What sits behind it
Usually a guarantee, and often property. A fit-out is worth almost nothing to a lender the day after it is installed, so there is rarely an asset here for anybody to take security over.
Watch for
Funding a fit-out over a term longer than the lease. If you might not be in the premises at the end of it, the loan should not outlast the room.
Business loan calculator
What would it cost, and what does it have to earn?
The amount and the term are the client’s own published envelope: from $5,000, and terms of up to seven years. The rate is yours to set, because Yes Loans is a broker and does not price the file.
Options can start as low as $5,000 and can scale upwards depending on your needs. The floor is the client's own; the top of this slider is only as far as the tool goes, not a limit on what can be arranged.
The right term is usually the working life of whatever the money bought, rather than the longest one available. Financing a three year asset over seven means paying for it long after it has stopped earning.
We are a broker, so we do not set this and neither does any comparison table. Business credit carries no comparison rate obligation, so an advertised business rate tells you even less than a consumer one does. Move it to whatever you want to test and your broker will come back with what a lender will actually write.
The number this page has that a bank's calculator does not. A repayment is a cost; what matters to a business is the sales it has to write to cover it. Set your own margin and the readout converts one into the other.
A calculation floor has been applied to keep this estimate realistic.
What it has to earn
That is the sales this loan needs to generate at a 35% gross margin just to cover its own repayment. If the borrowed money cannot plausibly produce that, the answer is a different amount or a different term rather than a different lender.
The part nobody puts on the page
Secured, unsecured, and who is actually on the hook
Every business finance page will explain secured against unsecured. Far fewer will tell you that unsecured describes the asset rather than the person, and that in Australian small business lending the company borrows while the directors guarantee. Four rungs, in order of what is actually at risk.
The lightest
Secured against the thing you are buying
A chattel mortgage over a vehicle, or a lender’s interest registered against a machine. The business owns the asset from the start and the lender’s claim is limited to it. If it all goes wrong, the lender takes the asset.
WHAT IS AT RISK
The asset, and normally only the asset.
The common one
Unsecured, plus a director’s guarantee
The word unsecured describes the loan, not the liability. No particular asset has been named, and in most cases the directors have still signed personally, which means the lender can pursue them for the balance if the company cannot pay it.
WHAT IS AT RISK
Everything you own personally, up to the amount you guaranteed..
Heavier again
A guarantee supported by a caveat over property
The step most people do not realise they have taken. A guarantee is a promise; a caveat lodged over your home turns that promise into something attached to a specific title, and it will be found the moment you try to sell or refinance.
WHAT IS AT RISK
The house, in practice, even where the paperwork calls the loan unsecured.
The heaviest
A registered mortgage over property
The lowest rate available to a small business, and the highest stake. It is the right structure for a long, large, genuinely productive borrowing, and it is a poor way to solve a temporary cash flow gap.
WHAT IS AT RISK
The house, explicitly, with the lender able to act on it directly.
Ask one question before you sign anything
Does this lender subscribe to the Banking Code of Practice? The Australian Banking Association says the Code gives safeguards and protections to small business customers and guarantors that are not set out in law, and that those provisions are legally enforceable. It binds the banks that sign up to it. It does not bind a lender that has not. Business credit already sits outside the consumer protections you are used to, so on a non-bank facility the answer to that question is most of what you have.
Four structures
Types of Commercial Loans
Businesses have access to several types of commercial loans, each designed to meet different financial needs.
Term loans
A lump sum loan repaid over a fixed period, ideal for major business investments or expansion.
Lines of credit
A flexible financing option that allows businesses to withdraw funds as needed to manage cash flow fluctuations.
Equipment loans
Specifically used to finance machinery, vehicles, or essential business equipment, often using the purchased asset as collateral.
Invoice finance
Borrowing against invoices you have already issued but not yet been paid for, so the money arrives when the work is done rather than when the customer gets around to it.
Getting the structure right is worth more than getting the rate right, and it is the part a comparison table cannot help you with. Run the numbers or contact us today.
Six files a bank was not written for
Whose business gets a yes
These are the situations a mainstream lender’s credit criteria were not designed around, and what actually happens to each of them on a broker’s panel. Every answer has a condition attached, because the honest ones do.
The business is a startup with no trading history
We made the choice to provide finance to all businesses including startups and business buyouts. With no financials to read, a lender reads you instead: the directors’ own credit files, the industry, and whatever the money is buying. Expect the guarantee question to arrive early on a startup file, because there is nothing else for a lender to look at yet.
You are buying an existing business rather than starting one
A buyout is assessed on the business you are buying rather than the one you have, so the seller’s financials become your application. Get them early. The single most common delay on a buyout is not the lender, it is waiting on a set of accounts the seller has not had prepared.
The ABN is under two years old
Some lenders want two full years of returns and some will assess on BAS and bank statements from twelve months. The paperwork is different rather than heavier, and on business credit the gap between the lenders who will and the lenders who will not is much wider than it is on a car loan.
Your local bank has already said no
As you most likely know by now, getting a commercial loan from a bank isn’t usually easy for small businesses. If you’ve been rejected by your local bank already, Yes Loans can back you up with great commercial loans for your small business. A bank’s decline is one lender’s policy, not a verdict, and the specialist end of a broker’s panel exists precisely for the files a bank’s credit criteria were not written around.
There are defaults or arrears against the company or the directors
Both get read on a business application, which surprises people: a director’s personal credit file is part of a company’s file in practice, because the director is usually the one guaranteeing it. It narrows the panel and moves the price rather than closing the door, and your broker will tell you what it costs before you apply.
You would rather not put the house up
Then say so at the start, because it changes which lenders should see the file rather than whether one will. Some will lend against the asset alone, some will want a guarantee, and some will want property behind the guarantee. Those are three different conversations and it is far cheaper to have the right one first.
Hear From Our Customers: We Offer the Best Finance Deals
Yes Loans
263 Albany Hwy, Victoria Park
-
Cooper was an absolute pleasure to deal with. gave me his full attention, very thorough with his explanations. and was incredibly helpful all together. … More extremely satisfied with his service. -
I couldn’t be happier with the service I received from Stephen Pastorelli.
We submitted our personal loan application at around 8:00am this morning, and … More by 3:00pm the same day it had already been approved. The entire process was incredibly smooth and stress-free.
Stephen was professional, kind, patient and genuinely understanding throughout the whole application. He was extremely knowledgeable, explained everything clearly, and made us feel comfortable and supported from start to finish. Nothing ever felt rushed, and he was always happy to answer our questions.
It’s rare to receive this level of personal service these days. Stephen is an absolute credit to the company, and I would have no hesitation recommending him to anyone looking for assistance with finance.
Thank you, Stephen, for making what can sometimes be a stressful process such a positive experience. Five-star service from beginning to end! -
A huge shout-out to Stephen and the team at Yes Loans for going above and beyond to help make my finance journey a smooth and successful one.
From my … More very first contact with Stephen, the entire process was handled with professionalism, dedication and genuine care. What started as a vision quickly became a reality for me and my family, and I couldn’t be more grateful for the support throughout the process.
I highly recommend Stephen and Yes Loans to anyone looking for finance. Their commitment to finding the right solution and making the process as easy as possible truly stood out to me.
Thank you again, Stephen and Yes Loans, for making it happen.
Perth based, every one of them
The brokers who will read your file
Goran Babac
5.0 (22)
Trent Cray
5.0 (17)
Ridge Kidd
5.0 (22)
Trent Hilliam
5.0 (17)
Cooper Boyd
5.0 (4)
Stephen Pastorelli
5.0 (2)
Aidan Daggett
5.0 (1)
Vojin Jancic
5.0
Leo Rifici
5.0
Paddy Knight
5.0 (1)
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Before you apply
What a commercial lender will ask you for
Requirements vary by lender and by how much you are borrowing, but almost every business application starts here. Having it ready is the single biggest thing you control, and on business credit it matters more than on any consumer loan, because there is far more of it.
An active ABN, and how long it has been active
The first thing checked and the thing that most often decides which half of the panel can see your file.
Business bank statements
Usually six to twelve months. A lender is reading the rhythm of the account rather than the balance on any one day, so a lumpy month is normal and an unexplained one is not.
BAS, or financials, or both
What is asked for depends on the lender and the amount. Where the business is young, BAS and bank statements often do the work that two years of tax returns would otherwise do.
Details of the directors
Identification, and consent to check personal credit files. This is the point at which it becomes obvious that a business loan is partly a personal application, which is what the ladder above is about.
What the money is for
A quote, an invoice, a contract or a plan. Lenders price a purchase they can see very differently from a number you have asked for, and the ones lending against a plan will want to read the plan.
And one thing nobody asks you for, which you should bring anyway
A clear answer to what you are prepared to guarantee. Deciding that in your own time, before a lender puts a document in front of you, is worth more than any rate you will be quoted. It is also the only part of a commercial application that is entirely yours to set.
Commercial loans, in the client's own words
Efficient, Affordable Commercial Loans
Do you operate a medium-sized business that needs capital to expand further? Are you a small start-up needing a boost to help get you firmly on your feet? Is your shop in need of a revamp or much-needed updating? Does the thought of going through the minefield that is commercial finance make you weak at the knees?
Look no further than Yes Loans to help with all your business loan needs. We will help you secure the commercial and business loan that will turn your ‘want’s’ into ‘have’s’. As the leaders in financed loans, Yes Loans is committed to working with business owners across Australia to take their companies firmly forward. We are committed to working with you, every step of the way, in making sure you get the perfectly matched finance solution for your small- to medium-sized business.
Our hands-on, experienced finance brokers are highly-trained in commercial and business loans and will be able to offer you a finance package especially for your unique needs. Yes Loans also offers Car, Truck, and Equipment loans with a multitude of finance options, as well as other solutions such as loan refinancing, and debt repayment.
Go to Yes Loans’ Commercial Loan Calculator for a quick and easy view of your potential business loan interest rate and repayment options, now (learn the benefits of using a business loan calculator).
Yes Loans is your one-stop Commercial Loan partner, we have been serving Australian business finance solutions for years. We are based in Perth and service Australia-wide. We made the choice to provide finance to all businesses including startups and business buyouts.
Flexible Repayment Options
Yes Loans offers a variety of flexible options when it comes to repayment of your commercial loan. We know that giving you flexibility in a repayment scheme can be very helpful for you when choosing the option that suits your needs. For tips on managing business debt effectively, explore our article on Debt Repayment Strategies.
If you’re new to commercial loans, read our article Commercial Loans: Questions You Need to Ask to make informed decisions before committing. And to explore the benefits of financing near-new vehicles, check out our guide on The Benefits of Purchasing a Near-New Truck.
To find out more about our fast and flexible commercial loans, contact us today.
Read next
Commercial Loans - Questions You Need to ask
In the guide What to establish before you commit
- What is the total cost of the loan, not just the rate
- What security is the lender asking for
- How long is the term, and can it be repaid early
- What happens if the business has a bad quarter
Victoria Park, Western Australia
Based in Perth, servicing Australia-wide, and reading business files since 2009.
4.8
from 281 reviews on Google
8
brokers, every one of them in Perth2009
trading from Victoria Park since
$5,000
the smallest commercial loan we will arrange
Say YES to taking your business to the next level.
Say YES to fast, efficient service. Say YES to Yes Loans today.
We are based in Perth and service Australia-wide, and we made the choice to provide finance to all businesses including startups and business buyouts. To find out more about our fast and flexible commercial loans, contact us today, or call the office on (08) 9472 3000 and talk it through with a broker who has read the policy.
From the Yes Loans blog
Latest insights
Commercial loan questions
What is a commercial loan?
Finance taken out by a business rather than by a person, for a business purpose. That distinction is not a formality: it changes which laws apply, what the lender has to tell you, and what protections you have if it goes wrong. Everything else – the amount, the term, whether it is secured – sits on top of that one fact.
Does an unsecured business loan mean nothing of mine is at risk?
No, and this is the most misread word in business finance. Unsecured means no particular asset has been named as security for the loan. It does not mean nobody has personally promised to repay it. In Australian small business lending the company borrows and the directors usually guarantee, so on most unsecured facilities the directors are personally liable for the balance if the company cannot pay.
What is a director's guarantee?
A personal promise by a director that if the business does not repay the loan, they will. It sits alongside the loan rather than inside it, which is why it is easy to sign without registering what it does. It is not unusual and it is not a trap, but it is the single most consequential thing in most small business loan documents and it deserves to be read slowly.
Can a lender take my house over a business loan?
It depends entirely on what you signed. A loan secured only against an asset is limited to that asset. A director’s guarantee makes you personally liable, which can eventually reach personal assets. A caveat or a registered mortgage over property attaches the debt to that specific title. Those are four different levels of exposure and a business owner is entitled to know which one is in front of them before signing.
Are business loans covered by the same consumer protections as a car loan?
No. Credit taken out wholly or predominantly for business purposes sits outside the National Credit Code, which is why business finance has no comparison rate obligation and none of the responsible lending machinery a consumer loan carries. That is a real trade-off rather than a trick, and it is the reason comparing business finance on an advertised rate tells you very little.
What is the Banking Code of Practice and does it apply to my lender?
It is the Australian Banking Association’s code, and the ABA says it provides safeguards and protections that are not set out in law for individuals, small business customers and guarantors, and that its provisions are legally enforceable. The important part is who it binds: banks that subscribe to it. A non-bank lender has not signed it, so on that facility neither the Code nor the consumer credit law is behind you. Ask the question before you sign, not after.
How much can my business borrow?
Options can start as low as $5,000 and can scale upwards depending on your needs. What decides the ceiling is not a published limit, it is what the business can service out of its own trading, what the money is buying, and what security or guarantee sits behind it. A broker can give you a realistic figure quickly rather than an optimistic one slowly.
How long can a commercial loan run for?
We can extend the terms of a commercial loan up to seven years to accommodate your budget. The right term is usually the working life of whatever the money bought, not the longest one available: financing a three year asset over seven years means paying for it long after it has stopped earning.
How fast can a business loan be approved?
You can even apply for a loan from the comfort of your home and get approved in just a few days. What actually sets the pace is the file rather than the lender: business applications need more documents than consumer ones, and an assessor cannot start on an incomplete one. Have the ABN details, the bank statements and the BAS ready before you apply.
Can I get a commercial loan as a startup with no trading history?
Yes. We made the choice to provide finance to all businesses including startups and business buyouts. With no financials to read, the assessment moves onto the directors and onto whatever the money is buying, so expect personal credit checks and expect the guarantee conversation early. Knowing that in advance is most of what makes a startup application go smoothly.
Can I use a commercial loan to buy a business?
Yes, and it is assessed on the business you are buying rather than the one you already have. The seller’s financials effectively become your application, so ask for them at the start. The most common delay on a buyout is not the lender, it is waiting for accounts the seller has not had prepared.
What is the difference between a term loan and a line of credit?
A term loan is a lump sum repaid over a fixed period, which suits a one-off purchase. A line of credit lets you draw what you need and pay interest only on what you have drawn, which suits a gap that comes back. Using the wrong one is expensive in both directions, and it is the most common structural mistake on this page’s subject.
Should I finance a work vehicle on a commercial loan or a chattel mortgage?
Almost always the chattel mortgage. The business owns the vehicle from the start, the lender registers its interest against it, and because there is a real asset behind the money it generally prices better than a general business loan for the same amount. There is also a set of tax consequences worth understanding before you sign anything.
Can I finance equipment that is not worth much second hand?
Usually yes, but not the same way. Lenders secure against equipment that holds resale value and tend to put everything else onto an unsecured facility instead. That is why one invoice can come back as two approvals at two different prices, and why it is worth splitting the order rather than accepting one number for all of it.
Why will nobody quote me a business loan rate up front?
Because on business credit the rate is genuinely the last thing decided rather than the first. There is no comparison rate obligation, the structures differ far more than consumer products do, and the price depends on the security and the guarantee as much as on the business. Yes Loans is a broker in any case: lenders set rates, per application, after they have read it.
Do I need a business plan?
For an asset purchase, rarely. For growth, a second site or a buyout, expect to be asked, because there the lender is lending against a plan rather than against a thing. business.gov.au makes preparing one a step of its own, and a lender reading a plan is really checking one thing: whether the borrowed money produces the income that repays it.