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Why Compare Business Loans with JexiFi?

Our JexiFi comparison tool simplifies the process of finding the best Business loans for your business. By comparing key features such as interest rates, repayment terms, fees, and lender requirements, you can make informed decisions with ease.

Personalised rates

No credit score impact

No upfront fees

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How do Business Loans work?

A business loan allows your business to borrow funds to purchase assets or access working capital for day-to-day operations and growth opportunities.

The business repays the loan, plus interest and fees, over a fixed term. Typically a business can borrow an amount of money relative to the level of revenue it generates.

Borrow anywhere from $5,000 to $500,000.

Fixed interest rates starting from 7.50% p.a. (excellent credit), with variable rates also available.

Daily, weekly, fortnightly or monthly repayments to match your cash flow.

Loan terms from 3 months - 2 years.

Available to businesses, sole traders and self-employed individuals for any business purpose.

Available as a fixed-term loan or ongoing line of credit.

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What are Business Loans?

Business loans are designed to help businesses manage your cash flow needs by providing quick access to capital. Whether you need to cover unexpected expenses, manage seasonal fluctuations, or fund growth opportunities, business loans can offer a flexible financing solution.

Quick access to funds for urgent expenses.

Helps manage cash flow gaps during slow sales periods.

Ideal for funding growth or business expansion.

Flexible repayment options to suit your business.

Can be used for a variety of business purposes.

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Factors to Consider When Comparing Business Loans

When evaluating Business loans, it’s essential to understand the factors that can affect your decision. Consider these aspects to ensure you choose a loan that aligns with your business goals and financial situation.

Interest rates

Understand how different rates can impact overall costs.

Eligibility Requirements

Check if your business meets the lender's criteria.

Approval Time

Some loans offer faster funding than others. 24 Hours is great.

Fees

Be aware of any fees, early repayment fees, or other costs.

Loan Term

Short-term and long-term options depending on your needs.

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Types of Business Loans available

There are a couple of types of Business loans available, each suited to different business needs. Understanding the pros and cons of each can help you find the right solution for your cash flow management

Short-Term Loans

Best for immediate cash needs with quick repayment.

Business Line of Credit

Offers flexible access to funds as needed.
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Benefits of using Business Loans

Business loans provide various benefits that can help support your business's financial health and growth. They offer more than just a temporary solution by enabling businesses to maintain stability and pursue opportunities.

Improved Cash Management:

Helps bridge gaps in cash flow.

Quick Access to Capital:

Funding can be available within days.

Flexible Repayment Terms:

Tailored to suit different cash flow cycles.

Supports Seasonal Businesses:

Ideal for companies with fluctuating revenue.

Enables Growth and Expansion:

Provides funding for new projects or investments.
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How to Qualify for Business Loans

Qualifying for a Business loan typically involves meeting certain requirements set by the lender. Understanding these criteria can help you prepare your application and improve your chances of getting approved.

Revenue Requirements

Many lenders require a minimum annual revenue.

Financial Documentation

Prepare documents like bank statements and financial reports.

Business Age

Newer businesses may face stricter requirements.

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Comparing Business Loans to Other Financing Options

Business loans are just one type of financing solution available to businesses. Comparing them to other options can help you determine the best fit for your needs.

    Term Loans

    Many lenders require a minimum annual revenue.

    Lines of Credit

    Provides flexibility but may have variable interest rates.

    Equipment Financing

    Specific for purchasing assets, not general cashflow needs.

    Personal Loans

    Can be used for business purposes but may carry higher interest rates.
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    Success Stories

    Many businesses have benefited from using business loans to manage their finances and grow. Here are some examples of how business loans have made a difference.

      Seasonal Retail Business

      A small retail business specialising in holiday decorations often experiences significant cash flow gaps during the off-season. To prepare for the holiday rush, the business needed extra capital to stock up on inventory early. However, their existing cash reserves were insufficient to cover the bulk order costs. They opted for a short-term business loan to cover the gap.


      The loan allowed them to secure their inventory at discounted prices and be fully stocked before the holiday shopping season began. The business saw a 40% increase in sales compared to the previous year, directly attributed to having the right products available when customer demand peaked. After the season ended, they quickly repaid the loan and retained a strong profit margin.

      Restaurant Owner:

      A popular local restaurant wanted to undergo a renovation to update its interiors and expand seating capacity. The owners believed that these improvements would help attract more customers and enhance the dining experience, but they didn’t have the upfront capital to fund the project. They turned to a business loan to cover the costs of the renovation.

      With the loan, the restaurant was able to complete the renovation quickly, without disrupting business operations. Within a few months of reopening, customer foot traffic increased, and the average revenue per customer rose significantly. The renovation not only paid for itself within the first year but also positioned the restaurant as a top dining destination in the area, boosting both customer loyalty and profitability.

      Construction Company

      A mid-sized construction company often faces long payment delays from clients, which disrupts their ability to take on new projects and pay suppliers. With several large invoices unpaid, the company struggled with maintaining cash flow for everyday operations and securing new contracts. To overcome this hurdle, the business opted for invoice financing, a type of business loan that uses unpaid invoices as collateral.


      By leveraging their unpaid invoices, the company was able to quickly secure the funds they needed to pay subcontractors, purchase materials, and bid on new projects. This access to capital helped them complete projects on time and without cash constraints, which led to stronger client relationships and an increase in contract opportunities. Within six months, the company saw revenue growth of 25%, largely due to their ability to manage cash flow more effectively.

      E-commerce Store:

      An online retailer faced an unexpected surge in demand for one of its bestselling products, causing their inventory to sell out faster than expected. The business needed capital to restock quickly in order to avoid losing sales, but their cash reserves were tied up in other operations. To resolve the issue, the retailer took out a short-term business loan to restock inventory.


      The loan enabled them to purchase more stock at a crucial time, ensuring they didn’t miss out on sales during the peak demand period. As a result, the business not only maintained its strong revenue streak but also increased customer satisfaction by reducing backorder times. The quick turnaround in cash flow allowed them to repay the loan in full, and they finished the quarter with a 15% boost in profits.

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      FAQ - Business Loans

      What is a business loan?

      What is a busines loan?

      A Business loan is a type of business financing that provides quick access to capital based on a company’s projected future cash flow. These loans are often used to manage temporary cash shortages or fund growth, without needing to provide substantial physical collateral like equipment or real estate.

      How quickly can I get a business loan?

      How quickly can I get a business loan?

      Many lenders offer approval within 24-48 hours, and funds can often be deposited within a few business days. The exact timeline depends on the lender and how quickly you provide the required documentation, making business loans ideal for urgent financial needs.

      Are business loans secured or unsecured?

      Are business loans secured or unsecured?

      Business loans can be either secured or unsecured. Secured loans require collateral, such as business assets, while unsecured loans are based solely on the financial health and cash flow of your business. Unsecured loans tend to have higher interest rates due to the increased risk to the lender.

      What are the typical interest rates for business loans?

      What are the typical interest rates for business loans?

      Interest rates for business loans vary depending on factors like credit score, business performance, and the loan term. Typically, rates range from 5% to 30%. Businesses with stronger credit and more stable cash flows will generally qualify for lower rates.

      Can I deduct the interest paid on a business loan from my taxes?

      Can I deduct the interest paid on a business loan from my taxes?

      Yes, in most cases, the interest you pay on a business loan is tax-deductible as a business expense. By claiming this deduction, you can reduce your taxable income, potentially lowering your overall tax liability. However, it’s essential to keep detailed records of the loan and how the funds were used for business purposes. Always consult with a tax professional to ensure you're following the appropriate guidelines for your specific situation.

      How do I qualify for a business loan?

      How do I qualify for a business loan?

      Lenders typically look at factors like your business’s revenue, cash flow history, credit score, and time in business. Many lenders prefer businesses that have been operating for at least six months to a year with steady revenues. A good credit score helps, but some lenders may offer loans even to businesses with less-than-perfect credit.
      What can I use a business loan for?

      What can I use a business loan for?

      Business loans are versatile and can be used for various purposes, such as covering operational costs, paying suppliers, bridging seasonal cash flow gaps, or investing in business expansion. However, it's important to check if your lender places any restrictions on how the funds are used.

      What fees should I expect with a business loan?

      What fees should I expect with a business loan?

      In addition to interest, business loans may come with origination fees, late payment fees, or early repayment fees. It's important to ask your lender about all associated fees before committing to a loan to ensure you understand the full cost of borrowing.

      Can I get a business loan with bad credit?

      Can I get a business loan with bad credit?

      While having a good credit score helps, some lenders specialise in providing cashflow loans to businesses with poor credit or limited credit history. In such cases, lenders will likely place more emphasis on your revenue and cash flow to determine eligibility, though the interest rates may be higher

      How does repayment for business loans work?

      How does repayment for business loans work?

      Repayment terms vary, but many cashflow loans have daily, weekly, or monthly repayment schedules. The repayment may be structured as a fixed amount or as a percentage of your daily sales or revenue. It's crucial to choose a repayment plan that fits your cash flow cycle to avoid financial strain.

      How JexiFi Works: Simplifying Business Lending

      Our user-friendly comparison tool simplifies the process of evaluating lender options. The AI Engine compares the available lender and provides you with your best solution based on your needs. 

      Follow the simple steps above to find the best business solution for your business:

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      More about us

      Have a flick through the below and see who we are, where we come from and why we are here.

      Our Journey
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      Our Journey

      From Finance Professionals to AI Pioneer

      Embark on a journey that started with the solid foundation of 30 years in the finance industry. JexiFi began as a team of finance professionals, each contributing to a legacy of knowledge. Today, that legacy evolves as we embrace our role as AI pioneers, bringing the future of business lending to your business.

      Our Mission

      ​Empowering Businesses Through Transparent Finance

      Our mission is clear: to empower businesses through transparent finance. We understand the critical role finance play in success. JexiFi is dedicated to providing a transparent, honest, and empowering financial experience, ensuring you have the resources you and your business need to thrive.

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      AI for Intelligent Comparisons

      Uncover the engine driving our revolution – AI for intelligent comparisons. Our technology is more than just algorithms; it's a dynamic force that understands the intricacies of cash flow lending. At JexiFi, we've harnessed the power of artificial intelligence to provide you with tailored, intelligent comparisons for your cash flow needs.