domain | valiant.finance |
summary | **Summary:**
**Reasons to Refinance a Business Loan:** 1. Reduce loan repayment amounts 2. Change in business situation requiring different loan terms 3. Renovate property or equipment using the loan 4. Fixed-rate term on original loan has ended 5. Consolidate multiple loans into one
**Costs of Refinancing:** - Loan application fees - Borrowing costs - Break costs - Exit/discharge fees - Valuation fees - Settlement fees
**Documents Required for Refinancing:** 1. **Business Information:** - Legal business name & ABN - Business address & contact info - Ownership type & current owners - Company history
2. **Identification Documents:** - Photo ID (passport, driver's license) - Proof of identity (birth certificate, Australian citizenship certificate, utility bills, rates notice, tax notices)
3. **Financial Information:** - Gross annual revenue - Notice of tax assessment & company tax returns for the past two years - Client account documents & balance sheets/profit and loss statements - Proof of income (payslips, employment letters) - Business banking details
4. **Collateral Information:** - Physical assets (land, buildings, equipment, vehicles) with relevant documents and photos - Financial assets (stocks, bonds, cryptocurrencies) - Intellectual property (patents owned)
5. **Other Business Ventures & Debts:** - Information on other business ventures - Details of debts and financial obligations
**Preparation for Loan Repayment:** - Calculate affordable repayment amounts - Prepare a well-thought-out budget and cash flow analysis, including debt payment schedule, accounts payable, and accounts receivable (90 days prior to lender meeting) |
title | Your Trusted Business Loan Marketplace | Valiant |
description | Australia's trusted business loan marketplace. Discover your loan options in minutes with lender matches tailored to your business needs. |
keywords | business, loan, finance, credit, loans, lenders, have, will, need, score, more, right, help, quote, lender, funding, bank |
upstreams |
flowcrete.com.au |
downstreams |
|
nslookup | A 172.66.40.232, A 172.66.43.24 |
created | 2024-11-30 |
updated | 2025-05-11 |
summarized | 2025-05-12 |
|
|