Compare ^{Fit-Out Finance} Options For 30k Business Projects

Unsecured business loans are ideal for businesses with a solid credit profile and at least one year of trading. These loans are often used for furniture, fixtures, and non-structural refurbishments. Applications are typically online or broker-assisted, with decisions in one to three days. Common in the retail, restaurant, and office sectors, this finance type supports businesses seeking swift upgrades without offering assets as security.

For larger or more structural projects, secured business loans provide high-value finance at competitive rates. Suitable for companies with over two years of trading history willing to secure the loan against business assets. These loans often suit warehouses, manufacturers, or large hospitality venues needing to significantly alter or expand their physical footprint. Application involves detailed business and financial documentation, and approval generally takes five to ten days.

Designed for businesses needing to fit out premises with tangible assets like kitchen installations, IT equipment, or HVAC systems, asset finance links the funding directly to the equipment you acquire. This type is typically quicker to process, as the value of the asset secures the lending. With terms of 12 to 60 months and rates from 5% to 12%, it helps manage costs while updating your business infrastructure.