Finance that helps your business move
Ready to grow, upgrade or smooth out cash flow? We can connect you with the right business loans.
Provide us some basic details about your business and what you need finance for, eg. equipment, vehicles, expansion, cash flow, refinancing, etc.
Or Call us on 1300 266 426
What we offer Businesses
Business finance options tailored for your day-to-day needs and business growth:
- Cash flow finance for supplier bills or short-term working capital.
- Asset and equipment finance for tools, machinery or tech.
- Vehicle finance for cars, vans or utes.
- Business line of credit for ongoing flexibility.
Why Coogans?
From first chat to settlement, we guide you through choices, explain trade-offs in plain English and line up terms that suit your cash flow and growth plans.
- Options compared for you, not a single product push.
- Flexible structures to match your cash cycle.
- Straight answers on rates, fees and timing.
- Local support from an experienced team.
Just some of our lending partners
How we help your business
- Tell us your business goal. Amount, purpose and timing.
- We compare you loan options. Lenders, terms and repayments.
- Choose your fit. We finalise the paperwork.
- Settle and get your business moving.
What you will need to get started
ABN details, identification, recent bank statements, plus basic financials or invoices for the purchase.
Our experienced team can help you compare options and guide you toward the right lending solution for your needs.
Applying for a Business Loan
When applying for a business loan, lenders will ask for various documents to assess your financial health and ability to repay. While requirements vary between providers, you will typically need:
- Proof of business identity: Your active ABN or ACN, and if applicable, your GST registration
- Trading history: Most lenders want to see at least 6-12 months of operation (some online lenders may accept as little as 4 months).
- Financial records: Recent business bank statements (usually 3-12 months), tax returns and Business Activity Statements (BAS).
- Financial statements: Profit and loss statements, balance sheets and cash flow statements – preferably prepared by an accountant.
- Personal information: Identification (such as driver’s licence or passport) and personal tax returns for all directors or shareholders (if applicable).
- Loan details: A clear explanation of how much you want to borrow, what you’ll use it for and your proposed repayment plan
- Security or collateral: For larger loans, you may need to provide property, equipment or other assets as security.
What Slows Down a Business Loan Approval
- Missing or incomplete documentation is the most common culprit. Each missing bank statement or unsigned form can add delays to your application.
- A poor credit history (for either the business or its directors) means lenders need to dig deeper, often requesting additional explanations or guarantees.
- Short trading history (less than 12 months) makes it harder for lenders to assess risk, so they may require extra security, detailed cash-flow projections or a comprehensive business plan.
- Complex business structures involving trusts, multiple directors require additional verification and legal paperwork.
- Lack of security or collateral for larger loan amounts can trigger more rigorous assessment processes as lenders look for other ways to minimise their risk.
- Applying with a new lender means you’ll need to complete full identity verification, whereas existing customers often skip this step.
The best way to speed things up? Get your financial documents in order before you apply, be upfront about your business situation. the expert Coogans business finance team will work with you to select a lender who both understands your industry and your circumstances.