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These are the most popular types of business loans in Australia

Whether you’re just starting out as an entrepreneur or running your own show for over a decade, having the right business loan on your sleeve can be an important factor in your success. When used responsibly, business loans not only help maintain the company during difficult times, but are also useful when additional funding is needed to seize growth and innovation opportunities.

About the author

Catherine Ochi is the lead business banking writer for Australian financial comparison site Mozo, digging into bank fineprints and sharing the latest money tips with businesses to help them make smarter financial decisions. I will.

Some companies may not be aware of just the number of options available on the market, from standard business loans and credit lines to more specialized options for invoices and equipment. Depending on your company’s needs and financial position, some of these business loans will work better for you than others.

These are the most popular types of business loans in Australia

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