Credit · 5 min read
Bad Credit Business Loans: Your Options in Australia
Past credit issues don't have to stop you getting funded. Here's what lenders look at and how to improve your chances.
Key takeaways
- Many lenders weigh current cash flow over past defaults.
- Expect higher rates while credit is impaired.
- Secured options can reduce the cost.
What lenders actually look at
Recent bank statements, consistent deposits and how you manage existing debts often matter more than a default from years ago.
Improve your chances
Explain past issues upfront, avoid dishonoured payments in the months before applying, and consider offering security.
General information only — not financial advice. Consider your circumstances and speak to a qualified adviser.