We're thrilled to announce the launch of SIMPLE+, a streamlined lending pathway designed specifically for businesses seeking financing of up to $5 million. With SIMPLE+, we aim to make business financing easier and more accessible than ever, all while working with our trusted lenders.
Key Features of SIMPLE+
1. Flexible Overdraft & Term Lending
Need quick access to cash? With SIMPLE+, you can secure an overdraft of up to $500,000 without the need for property as security. This flexibility is perfect for businesses looking to manage cash flow more effectively.
2. Extended Loan-to-Value Ratios (LVRs)
We're excited to offer higher LVRs for both residential investment and commercial properties, giving you more options when it comes to leveraging your assets for funding.
3. Simplified Assessment Process
Our application process has been designed for efficiency. We've streamlined our assessment criteria, making it easier for businesses to secure the funding they need without unnecessary hurdles.
4. Minimum Trading Requirement
If your business has been trading for just 12 months and hasn't experienced any losses in the last year, you're already on the right track to qualify!
5. Easy Documentation
We understand that time is valuable. That's why we only require one year of accountant-prepared financials or tax returns and 12 months of ATO portal statements. Simple, straightforward, and stress-free!
6. ATO Debt Eligibility
Worried about ATO debts? Clients with ATO debt under formal arrangements can still qualify for SIMPLE+, ensuring that your past financial challenges don't hinder your growth.
7. BAS Assessment
Businesses can access lending of up to $1.5 million, although some industry exclusions may apply. This broad access allows more businesses to take advantage of this opportunity.
We're Here to Help!
Navigating business financing can be complex, but we're here to simplify it for you. If you have any questions or would like to explore how SIMPLE+ can benefit your business, don't hesitate to reach out. We're more than happy to guide you through the eligibility process and help you take the next step in your business journey!
Ready to simplify your financing? Let's talk!
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