business loan

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A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans.

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  1. R

    VIC Prospa business loan guarantor

    Hi i am currently a guarantor on a prospa business loan. The borrower has failed over and over again to pay and i have now been given paperwork to state that he is overdue in multiple payments. I have received maybe 3 phone calls for the whole duration of the loan to tell me he hasn’t paying i...
  2. D

    VIC Do I Need an Australian Credit Licence?

    Hello, I am interested in starting a "short term loan company" for "small businesses" only. They can get a loan from my company for whatever reason they need it for. If I am able to start this company, the loan range will be from $100 to $5000 from my own life savings. They can borrow for the...
  3. A

    NSW Contract Law - Contract with Husband Regarding Business Loan?

    I have gone into business with my husband. This has been for a grand total of 2 weeks now. My relationship with him was very strained before I signed contracts with the bank. I was wondering if I were to draft a contract stating that from this date my husband is the sole proprietor of the...
  4. S

    NSW Business Partnership Fraud?

    My wife and I entered a business partnership agreement with a man who claimed he would financially back a food/hospitality business idea and make us a 50/50 partner if my highly skilled and experienced wife would do the setting up and management of the business. We made the arrangements, quit...
  5. N

    VIC Separation - Divorce, Business and Assets

    Hi, I have been physically separated from my wife for 7 months, emotional separation probably 2-3 years. My wife found someone else who sparked her interest after 28 years partnership. We sold the family house. We split profit 60(her) - 40(me). Three children, 12y/o lives 50-50 both houses and...
  6. S

    Business Loan Default - Verbal Agreement?

    I own a small part of a business I also manage and was recently offered a larger part of the business with a loan from the business, all on a handshake no agreement. Sounded good at the time but I never really understood how it all worked and was talked into it on other partner's terms. Not...
  7. pianissimo

    SA Bankrupt Business Partner - Liable for Loan Agreement?

    My business partner and I took out a business loan. My business partner then moved overseas and has decided to not come back to Australia nor pay any of his financial obligations. I changed the business to my name and therefore changed the business to a sole trader - therefore I have a...
  8. J

    QLD Personal Loan and Business Loan - Small Claims?

    I was in a relationship in which I obtained two loans. One to start a business (business loan) with this person the other for a motorbike (personal loan). Our loan agreement was that he always stated he would pay the loans or if something happened between us he would pay them off. It took me...