Frequently asked questions & answers
Generally, lenders will want to see both consumer and commercial credit history in order to determine your eligibility for a business line of credit. It’s important to remember that different banks and lenders base their assessment on different criteria. That’s why it’s best to compare which lender suits your profile best, to ensure you have the highest changes of approval for a business line of credit. Our brokers are professionals in business line of credit products, and can compare which lender will suit your profile best without affecting any credit history you’re attached to. We’re available to discuss your business loan and financing options online or over the phone.
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Lenders take several different components into consideration when assessing a franchise finance application. Factors such as your personal credit history, business experience, financial projections, the franchise brand’s reputation, the profitability of the industry, and the collateral or assets that can be used to secure the loan may be considered. The requirements and evaluation standards may differ depending on each lender. That’s why it’s integral to have an experienced franchise finance lending specialist on your side to aid in offering the best options suited to you. Speak to a lending specialist now, or enquire online.
Privately sold vehicles will most likely require a vehicle inspection prior to payment, which ensures that whatever you are purchasing is in good working order. This helps protect you – please discuss this with our Private Sale Car Lending Specialists prior to purchasing a vehicle. Reach out to us so we can help you find the best option available, or simply call us on 1300 665 906.
We like to keep things simple for our customers. After a quick phone conversation about what you are looking to achieve, an example of the documents that we require are:
Our team will talk you through how you can quickly provide these to us using modern technology. (without having to print and sign anything)
Your lending specialist will require details of your company including ACN, and financial verification documentation. It’s a good idea to have these on hand, in case the lender requests them upon their assessment. The good news is that your commercial construction lending specialist will be able to walk you through every step of the way; so you’ll know exactly what you need to supply and when. Speak with a lending specialist today, or enquire here.
As part of the process at Fox Finance Group, your lending specialist will require:
Depending on the loan product you are wanting to obtain as a tradesman, you may have to supply different types of documentation. The process to apply for a tradesman loan is very similar to a consumer loan application. You will likely have to supply ABN details, and provide evidence of income such as invoices, bank statements and tax returns. Give us some simple details about your enquiry, or speak to a lending specialist to discuss your requirements.
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Generally, physiotherapists applying for car finance will have to supply a form of identification, and also verify their income. The most common documents supplied are a drivers license, Medicare card, and two most recent payslips (If PAYG. Self-employed applicants have different requirements). Your lending specialist will determine what specific documents are required to obtain your physiotherapist car loan. We’re always available for a call, or have us call you!
