To help make it easier for small businesses and farmers to access finance, Australia’s banks have developed a website that explains what banks look for in assessing your loan application.
financingyoursmallbusiness.com.au features a step-by-step guide to completing a loan application (including do’s and don’ts) – with particular emphasis on preparing a business plan.
Before applying for a small business loan, it’s important to decide if debt finance is right for you. financingyoursmallbusiness.com.au shows how different types of finance may suit different types of small busines.
Appointing property valuers when lending to small businesses and primary producers
This industry guideline explains bank property valuation practices and outlines the minimum standards customers can expect of banks when they appoint an external valuer to assess the market value of a commercial or agricultural property for loan security purposes.
Appointing investigating accountants and insolvency practitioners to small businesses and primary producers
This industry guideline outlines the minimum standards expected of banks when working with small businesses, commercial or agricultural businesses in cases of financial difficulty.