Line Of Credit

Whether it’s an injection of capital, growing your team or purchasing stock. Better Money can secure funding anywhere up to $500,000 within 24hrs. Empowering your businesses with on-demand access to funds.

Line of credit: Your financial safety net

At Better Money, we understand the importance of financial flexibility for businesses. A line of credit is a powerful tool that can provide you with the financial safety net you need to navigate uncertain times and seize new opportunities. Let’s dive into how a line of credit can benefit your business and how Better Money can assist you in securing one.

What is a line of credit?

Unlocking financial freedom

A line of credit is a flexible financial product that gives your business access to a predetermined amount of funds, which you can draw upon as needed. It provides you with the freedom to borrow and repay funds on an ongoing basis, making it an ideal solution for managing cash flow fluctuations and unexpected expenses.

Why choose a line of credit?

A line of credit offers several advantages, including:

Financial flexibility: Access funds when you need them.
Interest on what you use: Pay interest only on the amount you borrow.
Peace of mind: Have a financial safety net for emergencies.

Why Choose Better Money for a Line of Credit

Your Trusted Partner in Financial Flexibility

Better Money is your ideal choice for securing a line of credit, and here’s why:

Expert guidance:

We specialise in matching businesses with the right lenders.

Easy 90 Second online application:

Our user-friendly application process is designed to save you time and hassle, with a quick online form that takes just 90 seconds to complete.

No Impact on your credit file:

Worried about the impact of a credit check? With Better Money, your credit file remains untouched during the initial application, safeguarding your credit score.

Access to over 40 Lenders:

We leverage our extensive network of lenders to match you with the most suitable financing options, ensuring you always get BETTER options.

Powering your business with assets

We leverage our extensive network of lenders specialising in Line of Credit options, ensuring you always get a BETTER option.

With Better Money supporting your financial goals, you’ll have the flexibility to navigate challenges, invest in growth, and take your business to new heights.

How asset finance works

Navigating the path to asset ownership

Understanding how business asset finance works is crucial:

You select the vehicle or equipment you wish to purchase.
The lender provides the funds for the purchase.
You make regular repayments, including interest, over the loan term.
Once the loan is fully repaid, you gain clear ownership of the vehicle.

Key features and benefits

Turbocharge your business

Asset finance comes equipped with key features and benefits, such as:

Fixed interest rates: Enjoy stable, predictable repayments.
Flexible loan terms: Tailor the loan to match your business cycle.
Potential tax benefits: Consult with your tax advisor to explore deductions.

Enhancing operational efficiency

Business asset finance offers:

The ability to acquire state-of-the-art assets.
Improved productivity and operational efficiency.
The capacity to meet growing demand without straining finances.
Improved cash flow management.
Full ownership rights from the beginning.
The ability to claim GST input tax credits.

Common uses of a line of credit

Versatile financing for your business

A line of credit can be used for various purposes, including:

Covering unexpected expenses or emergencies.
Managing seasonal fluctuations in cash flow.
Investing in short-term opportunities.
Supporting ongoing operational needs.
Launch effective marketing and advertising initiatives to attract more customers.

Discover how a line of credit can bolster your financial stability and growth.

Eligibility Criteria

Who qualifies for a line of credit?

While eligibility criteria can vary among lenders, typical requirements for lines of credit may include:

A minimum business operating history (generally at least six months).
A minimum monthly turnover of $5,000
Proof of business ownership and registration.
The business owner being over 18 years old.

Better Money can guide you through the eligibility process, helping you understand and meet the criteria set by our network of lenders.

Application Process

A seamless application journey

Applying for a line of credit with Better Money is a breeze:

Start by completing our easy 90-second online application.
Our team reviews your information and matches you with suitable lenders from our extensive panel.
You receive loan offers, including terms and rates, for your consideration.
Choose the offer that best aligns with your business goals and accept it.
Once accepted, funds are made available into your business account within generally within 24hrs.

We handle it, so you can get on with it!

A Line of credit offers a flexible and accessible source of funding for businesses of all sizes and stages. With Better Money as your financial partner, you gain access to a seamless application process, no credit file impact, and a diverse panel of over 40 lenders. We’re here to help you fuel your business’s growth and success. Choose Better Money for a BETTER choice in financing.

Call 1300 664 681