Do this to increase your business loan approval by 70%
Borrowing can be significantly more complex and challenging for small business owners than employees.
To help you understand the requirements, get the best rates and improve your borrowing capacity in the eyes of the lender, our resident mortgage broker spills the secrets of business lending.
00:00 Introduction
1:01 Lending as a Business Owner vs Employee
4:26 What does a bank look at?
10:02 What does a mortgage broker charge?
17:11 Can I borrow against my business' value?
18:55 Six points that determine the value of your business
24:19 Tax minimisation
27:29 Final tips
29:45 Conclusion
Elephant Advisory is an award-winning accounting and mortgage brokering firm in Melbourne with a long history of helping our clients achieve their business and property goals.
We believe that the key to financial and business success comes from a few good decisions and sound money management. This is why it is our goal to provide free educational resources to help Australians make informed decisions for their family, their business and their mortgage.
If you're looking for further advice or help with growing your business or finding the perfect home loan for your next property purchase, book a free consultation with a member of our friendly team of experts.
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Our Website: https://www.elephantadvisory.com.au/
Our Accounting: https://www.elephantadvisory.com.au/s...
Our Mortgage Brokering: https://www.elephantadvisory.com.au/s...
Find Oz here: / oz-karabadjak
Find Shehan here: / shehanw
DISCLAIMER: The content of these episodes is based on our own experiences and knowledge and are meant to be general discussions, not advice. We suggest any listener always seek qualified professional advice tailored to their specific needs.
#finance #businessgrowth #businessloans