Commercial / Business finance
Business line of credit
Flexible financing for your business needs
A Business Line of Credit provides your company with on-demand access to funds, allowing you to borrow what you need, when you need it, up to an approved limit. This flexible financing option is ideal for managing cash flow, seizing growth opportunities, and handling unexpected expenses.
Book a consultationHow we help secure your Business Line of Credit
At Attain Loans, we work with a wide panel of lenders to find the best line of credit for your business. Our service is typically at no cost as we're paid by the lender, and these payments don't influence our recommendations.
Understanding Business Lines of Credit
A Business Line of Credit offers quick access to funds up to a specified limit. Unlike a traditional business loan, you only pay interest on the amount you use, not the entire credit limit. This flexibility makes it an excellent option for businesses with irregular cash flows or those wanting to be prepared for unexpected expenses.
How a Business Line of Credit Works
When you're approved for a Business Line of Credit, you'll have access to a predetermined amount of funds. You can draw from this credit line as needed, and you'll only pay interest on the amount you've borrowed. As you repay the borrowed amount, your available credit is replenished, allowing you to borrow again without reapplying.
For example, if you have a $50,000 line of credit and withdraw $10,000 for inventory, you'll only pay interest on that $10,000. You still have $40,000 available to use for other expenses as needed. Once you repay the $10,000, you'll again have the full $50,000 available.
Common uses for a Business line of credit
A Business Line of Credit can be beneficial in many ways.
- Managing seasonal fluctuations in cash flow
- Purchasing inventory or supplies in bulk
- Covering short-term operational expenses
- Taking advantage of time-sensitive business opportunities
- Bridging gaps between accounts receivable and payable
- Funding small-scale expansions or renovations
Secured vs Unsecured Business Lines of Credit
When considering a Business Line of Credit, one of the key decisions you'll face is whether to opt for a secured or unsecured facility. Each option has its own advantages and considerations, and the right choice depends on your business's specific circumstances, assets, and risk tolerance.
Secured Line of Credit
- Typically offers lower interest rates
- Can be secured by residential or commercial property, or business assets
- Usually provides higher credit limits
Unsecured Line of Credit
- Often has higher interest rates
- Quicker and easier to access
- Doesn't require collateral, preserving your assets
Business Line of Credit features
- Credit limits typically from $10,000 to $500,000+
- Revolving credit facility - borrow, repay, and borrow again
- Pay interest only on the amount drawn
- Secured and unsecured options available
- Flexible repayment terms
Questions about Business lines of credit
Get in touch and we will help you with any questions you have about Business Lines of Credit and advise on the best approach for your business.
Let us help with your questionsHow quickly can I access funds once approved?
Can I use a Business Line of Credit for long-term investments?
How does repayment work for a Business Line of Credit?
What happens if I exceed my credit limit?
Can I increase my credit limit over time?
How does a Business Line of Credit affect my credit score?
How does the interest rate differ between secured and unsecured lines of credit?
What types of assets can be used as collateral for a secured line of credit?
- Commercial or residential property
- Business equipment or machinery
- Inventory
- Accounts receivable
- Vehicles
The type of collateral accepted can vary by lender. We'll help you understand which of your assets might be suitable as collateral and how this could affect your borrowing terms.
Can I switch from an unsecured to a secured line of credit later?
How does a Business Line of Credit impact my business's financial statements?
Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product. The information contained in this website is of a general nature and does not take in to account your personal needs and requirements.
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Why choose Attain Loans for your Business Line of Credit?
We understand the complexities of business financing and the importance of flexible credit solutions. Our team negotiates with lenders to secure competitive rates and terms tailored to your business needs. We guide you through the entire process, from application to approval, ensuring you get the right line of credit to support your business growth. Contact us today to explore how a Business Line of Credit can benefit your company.
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Financial security gives you choices. It lets you move home, learn new things, travel, or start and grow a business. When you're financially secure, you can focus on what's important. Your family, health, and personal growth.
Ian Martin
We were introduced to Chrystal and Attain Loans by a mutual colleague and we are very pleased that we were. Chrystal is an absolute finance whizz and a diamond of a lady. She is thorough, professional, patient, 'on your side', and will work her hardest to get the job done for you.We are pleased to have met Chrystal and have her setup our home loan and finances for us, and we will continue to work with Chrystal for any of our finance needs in the future.
Nichie S
Chrystal Evans, Director & Mortgage Broker at Attain was truly a lifesaver. In a stressful time where I needed assistance and some advice, Chrystal was this and more for me. Her knowledge of the banks, packages, fees etc. and advice was excellent, giving me confidence while also making everything really easy. Lastly her follow-up and communications were solid, I would highly recommend Chrystal. Also, after trying to negotiate an interest rate after coming off a fixed rate with my bank, where I was told they couldn't help me and spoke with 3 different people with wait times on the phone, I will not deal with a big bank again and only with Chrystal/Attain.
Cindy Kelly
Chrystal and Attain Loans were instrumental in assisting us to secure our dream home. Chrystal’s professionalism, knowledge and high level skills secured us the best loan for our needs. Chrystal is very thorough and assisted us through the whole process, from finding the best loan to ensuring everything was in line and ready for settlement day. We will definitely utilise Chrystal’s expertise for our next property purchase and highly recommend Chrystal and Attain Loans.
Nikola M.
Chrystal is by far the best broker I’ve met. Not only she found a great rate and conditions, she advised me on how to restructure the loans to get a better return down the road.Definitely recommend her, won’t even think of going elsewhere.
Callan Applebee
The best! Highly recommend for those lookong for people that care and honesty in financial requests for mortgae and loan services.From someone who has just begun owning land and building a home, all I can say is that Chrystal and her amazing team have held customers like myself and my wife at the forefront. We are still in the process and this company and its ideals and staff are and continue to be amazing. The trust, confidence and support model they uphold is something that all other institutions should refer to. Thank you Chrystal and your team members for everything thus far. I look forward to our continued relationship and your growth. Thank you.
will miller
Chrystal and her team are amazing to deal with extremely helpful and couldn't ask for better service. Chrystal and her team have helped us secure our first home and we have now settled. Chrystal is still working with us through every stage of the project. It's great to know that I had Chrystal on hand anytime I needed direction and advice. Thanks heaps guys from will and Zoe miller
Renee Blake
Chrystal and her team @ Attain Loans are amazing.Chrystal makes the whole process so easy and understandable.She always has her clients needs at the forefront of her mind and does everything possible to help.Not only is she an AMAZING broker with integrity, she is reliable with a client first focus.If I could score her 100 I would. The only broker for me.
Suzanne McHugh
Chrystal was fantastic, she took the time to help us urgently obtain finance after not getting any help directly from the banks. She was very informative, was able to explain all the details. We would not have been able to have a successful bid without her help.
Luke Applebee
Thanks to the incredibly hard-working team at Attain (Chrystal and Pam) we were able to settle literally days before Christmas last year in our first home.At every step of the home buying journey we were well informed and felt like our interests were always the top priority. It was a stressful time for us to keep up with the paperwork and everything however Attain did a superb job at keeping us on track (and sane). If you have no idea where to begin if you're looking at purchasing a home, I highly recommend giving Attain a call.Excellent customer service and ongoing support. We have recommended Attain to family and friends, too. Absolutely impressive team. Can't thank them enough.
Jessica Winter
Chrystal, Pam and the team at Attain loan & morgage services are the best brokers in business. They literally held our hands throughout the whole process of our home loan. And we were not easy customers! They went above and beyond to help us get the best outcome in the process of attaining our first family home. Their attitude, customer service and professionalism was second to none. Couldn't recommend this company more!They literally did all the HARD work for us and made the process stress free :) Thanks Team!!Jessica Winter
Vanessa Terekia
I have had the pleasure of working with Chrystal who helped to get my home loan approval. This women went out of her way to help me above and beyond my expectations, I was so ready to give up on a few occasions but she wasn't going to let me and I could not thank her enough for all of her efforts. I am now in my own home thanks to Chrystal and her team, I would always recommend her service, its like no other :).
Americar Auto
I've been using Attain Loans for years. Each time Chrystal has helped us get the loan through, being a small business can be tricky sometimes but Chrystal never gives up and always gets a result. I would give her a higher score if I could :)
Rebecca Smith
Excellent communication throughout entire process. Second time we have obtained finance through Chrystal and would use her again.
Jessica Joy
I cannot recommend Attain Loan & Mortgage Services enough. As a first home buyer I was nervous with very limited knowledge of how the entire loan process worked. Chrystal made it absolutely seamless and took all of the stress out for me.12 months on, they assisted me with my first re-finance and again were there for me every step of the way.I couldn't be happier and wouldn't trust anyone else!Thankyou so much!
Gary Capeling
My wife and I were in a vendor finance agreement and due to some financial hardship issues brought about by the Covid pandemic not looking like we would ever be able to get ahead. The team at Attain Loans helped steer us in the right direction to be able to finally have a mortgage of our own and also clear up our debts and hopefully repair our credit issues. I would definitely recommend them to anyone looking to just refinance or that is in a similar boat to us!10 out of 10 for these guys!
Lisa L
I recently bought a new house and usually the process can be quite stressful. Luke made everything run smooth from start to finish and got me a good rate! Highly recommend
Peter Sz
Chrystal and the team from Attain Loan & Mortgage Services, 14 Harrington Square, Altona, VIC, 3018, Were a pleasure to deal with, they provided us with great service and prompt settlement, our circumstances were delicate and they worked though the steps to help us achieve the results desired, We would highly recommend Attain Loan & Mortgage Services for all your home loan needs, Thanks for all your help Peter
Skruffy Inc
If it's a no fuss, simple process you're after - then Chrystal is your go to! As a first home buyer I was totally out of my league, everything was foreign. Chrystal quickly established a rapport and from the beginning I felt secure in her expertise and genuine interest to help me realise my goals. Whenever there were things that I wasn't quite sure about, Chrystal jumped in and took the reins without hesitation. When investing in one of the biggest purchases in your lifetime, having someone you trust at the helm is everything! Chrystal is that someone. Her easy going nature coupled with the depth of knowledge, experience and professionalism is second to none! I can't recommend her highly enough. Appreciate your support solution oriented outlook Chrystal. Thank you so much!Whakamānawatia koe, ka tika!Nāku noaTrishBrisbane, QLD
Ray Jensen
Got the job done that no one else could!!!!! Very happy customer, thanks for all your all help……