CBA have streamlined their better business loan policy for loans amounts between $150,000 - $1,000,000. Eligible applicants can receive a conditional decision within 24 hours with a dedicated team of bankers who deal solely with Broker introduced clients.
Where lending is fully secured to 80% on residential property/ or 70% on Commercial guarantees from interested parties may be waived.
Fine print includes:-
• Applicants must have operated in current business for 12 months with no history of trading losses
• Clear Credit history
• Total limits under $1,000,000
• Application is for business & /or commercial investment purposes
• Security comprises cash/ up to 80% of Residential property or 70% of Commercial property
• Most current BAS on a 12 month rolling basis & ATO integrated account statement provided