Get the best loan for buying a business
- Business loan brokering from 60+ lenders
- Expert Business planning
- Cash flow forecasting
Trusted by 3,300 Australian business owners
Family owned for 15 years
5 Star Google Reviews
Expert team working for you
100’s business loan options
Australia-wide business lending
Fast and Friendly team
More than 60+ Australian lenders
Trusted by 3,300 Australian business owners
Family owned for 15 years
5 Star Google Reviews
Expert team working for you
100’s business loan options
Australia-wide business lending
Fast and Friendly team
More than 60+ Australian lenders
Challenges of Buying a Business
Buying a business can be challenging.
- Stress
- Legals
- Negotiations.
Getting the right finance can be just as challenging.
- Dealing with lenders
- Paperwork
- Rates, terms and approvals
That’s why we’re here to help
Brief our expert team on what you need
We negotiate the best loan rates and terms from 60+ potential lenders
We write your bank loan business plan if required by the lender
We build your cash flow forecast if required by the lender.
We help you simplify the process right through to settlement.
Buying a business - finance checklist
Buying an established business can be a great way to start immediately generating cash flow and profits while avoiding the bootstrapping ‘start-up’ phase of a new business. It can also help you reduce your risk by getting into a business venture that is already proven, with an established customer base, staff, suppliers, and financials.
For many business owners, leveraging money from a business lender is an attractive option when it can be serviced within the cash flow of the business (or through other means), helping you buy the business faster, preserve other capital, leverage your assets, and potentially provide tax benefits.
There are many different business loan products and providers on the market, and the market is changing constantly, which makes it challenging for a business owner to ensure they’re getting the right type of loan, terms and rates to suit their business goals. That’s why clients come to us, to do that hard work for them, partnering with you to help you achieve your business goals.
What minimum eligibility criteria applies?
Generally speaking, if you want to get a business loan to acquire a business, lenders prefer you have proven business ownership or management experience in the same industry as the one you are looking to purchase. They’ll also be looking for:
- An active Australian Business Number (ABN)
- At least 6 months of business operation
- A monthly turnover of more than $5K
- An asset for security (for secured loans)
Don’t worry if you don’t meet all of these criteria, we work with over 60 business lenders, each of which have priorities and openness to assessing potential loans. Book a call so we can better understand your situation and needs.
Nadine Connell
Business Finance Expert
Key benefits we provide when
Buying a Business
Common uses for a loan when
Buying a Business
Why Work with Us?
We’ve had the privilege of helping more than 3,300 Australian business owners over the past 15 years, and we’d love to help you grow your trucking business as well.
Experience
We’ve helped over 3,300 Australian business owners during the past 15 years.
Access
We tap you into a network of 60+ potential lenders competing for your business.
Time
We make the process easier and faster so you can buy your business sooner.
Explore our business loan options
Business loans
Application help
How it Works
1. Talk to us
Share your goals with our lending experts.
2. We get to work
We negotiate with our network of 60+ lenders
3. You choose the best loan
We help you apply for the loan that best fits your needs.
Avoid these mistakes if you want the best Buying a Busine
Some business owners aren’t aware that interacting directly with lenders could harm their chances of getting a business loan.
Here are some common mistakes to avoid:
- Being unprepared – no business plan or cash flow
- Applying with multiple lenders directly
- Allowing multiple credit checks in a short period of time
- Not being honest or omitting important information
- Asking for more than is serviceable or securable.
Making these mistakes could mean you aren’t able to get a business loan at all, or only one with poor rates and terms. This is why it’s so beneficial to work with us. We partner with you and help you avoid these mistakes so you get the best outcomes possible.
Not just your business finance broker.
Your business partner for the long haul.
Over the past 15 years Nadine and Chris have had the privilege to help more than 3,300 Australian business owners realise their business goals.
Everyone’s situation and needs are unique. That’s why we offer personalised business finance brokering and planning services, designed to ensure you get the right type of business finance with the best rates and terms possible.
What’s more, as our client you’ll also get access to all the experience and knowledge of our team – helping you succeed long term. Together.
Frequently asked questions
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Do you provide the business loan directly?
As business finance brokers, we work for you to find the best loans from our marketplace of more than 60+ lenders which included the big four banks like Westpac, CommBank, ANZ and National Bank, to regional and niche lenders like BOQ, JudoBank, Pepper Money, Scotpac and many, many more. We don’t offer business loans directly ourselves.
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Why use Smart Business Plans instead of just going to my bank directly?
Our team has helped more than 3,300 Australian business owners in every industry over the past 15 years. As our client, you can leverage our experience, knowledge and networks to plan your business purchase strategy, as well as secure the best business finance to achieve your goals.
Experience.
We work for you, not the bank. We present your interests, sharing our independent experience, expertise and advice along the way, so you get the best possible outcomes.Better options.
Your bank can only offer you their own lending products. We can get the best lending products from almost all the lenders on the market, including business loan types you may not have even considered, but may be a better fit than a traditional loan.Massive time savings.
For you to connect with every lender and find the best lending products for your unique circumstances would take months of hard work. We can do that for you.Better rates and terms.
As accredited business loan brokers, we can sometimes negotiate terms and rates for you that are better than what you could get yourself.It’s our goal to have you become a life-long Smart Business Plans client.
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How much does it cost to use your services?
Our initial consultation calls are free. Our business loan and asset finance brokering services are generally free, as we are compensated by the business lender. In some unique situations if a fee for our services was required, this would be communicated to you in advance, and you’d have the opportunity to consider if you’d like to move forward or not. We will never impose a fee or cost for our services that are not communicated to you up front.
We also offer our clients the option of having us support your business loan application by writing your bank loan business plan and cash flow projections (when required by the lender). The fee for this service will be provided if you choose to select this option.
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Why use Smart Business Plans versus a mortgage broker?
Most mortgage brokers have little to no experience in business management, planning or finance. They simply don’t have the knowledge to understand how business loans are unique and different to a consumer home loan, and often struggle with some of the complexities that come with commercial lending.
We specialise in business lending – that’s 100% of our focus and expertise. We have a significant network of business lenders, lending agents, and business professionals such as lawyers, accountants, business brokers, business advisors and consultants that our clients can tap into as needed.
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How do I apply for a secured business loan?
Easy! The best thing to do is have a Zoom or phone chat with us. From there we can work together to get your business funding if there’s good alignment between what you need, and what we do.
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What if I have another question?
Have a question? Just ask!
One of our lending specialists will be in touch
