Last updated on December 3, 2019
New truck finance comparison site helps Aussie business owners save big money
Site lets you compare truck financing options from 70+ different lenders
For Aussie business owners looking to expand, going to the bank with hat in hand has long been the only option. Until now. A recent surge in non-bank business finance lenders has swept Australia, and savvy entrepreneurs are taking the initiative. Thanks to this new comparison service, Aussie business owners can now compare over 70 different lenders (including the major banks) with just a few simple details, and get truck financing quotes in as little as 15 minutes.
Here’s how you do it…
Step 1: Select your state below.
Step 2: After answering a few questions, you’ll have the opportunity to compare multiple loans and could be eligible for significant savings.
BizLoanComparison.com.au is shaking up the commercial lending industry by offering Aussie business owners the power to compare loan options from dozens of different providers side by side. It’s saving Aussies time and money because they can actually make informed choices about their lending options.
The service comes as many Australian businesses are feeling increasingly stung by tight lending conditions, combined with the difficulty and lack of service when dealing with the big banks. While traditional banks typically have extensive departments for dealing with things like home loans and credit cards, business owners have often struggled to be taken seriously and routinely had to deal with slow approvals, a lack of transparency, and outright rejections on their loan applications.
But things have changed. Over the last few years, non bank business lenders have completely shaken up the market. A recent article from the AFR states that the value of commercial loans written by non-bank lenders surged 112 per cent to $584.7 million in 2019, while total loan amounts at the banks declined by 5.6 per cent year-on-year.
“Businesses, and particularly small to medium enterprises, have appetite to borrow money responsibly to operate and grow, but getting access to capital from traditional bankers has become more difficult, leading to the shift in market share,” Mr Wright said. “The larger lenders genuinely want to deliver to small business but they have serious capability challenges”, quotes FAST Group chief executive Brendan Wright to The Australian Financial Review.
The 70+ lenders compared on Biz Loan Comparison offer a wide variety of products designed to suit just about every business need. Loan sizes start at $5,000 and go all the way up to 20 million, with both unsecured and secured loan options available. Approval is fast and efficient, and funding is routinely available in as little as 24 hours.
Whether it’s financing a new truck or some other piece of equipment, needing working capital to grow your business (or acquire a competitor), purchase inventory, or refinancing an existing loan, BizLoanComparison.com.au can help. Using the service is quick and easy, and checking which lenders are available won’t impact your credit score and takes only a few minutes.
Get Started Now:
Step 1: Select your state below.
Step 2: After answering a few questions, you’ll have the opportunity to compare loans from a wide range of Aussie lenders and could be eligible for significant savings.