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The 5 Best Business Loan Services in Perth's Homepage

The 5 Best Business Loan Services in Perth

How We Picked

Loan options

We carefully evaluated the various loan options available—such as secured and unsecured loans, business overdrafts, and lines of credit—to cater to the diverse needs of businesses.

Loan terms

We considered the loan terms offered by each lender, including repayment period and flexibility, to ensure that businesses could find loans that suit their needs.

Customer satisfaction

We investigated the customer service and support provided by each lender to ensure that businesses could access the help they need when they need it.

Additional services

We also looked at any additional services or benefits provided by each lender, such as online account management and business support programs.

1. Hanna Lending Services

Loans Offered:

  • Business loans
  • Personal loans
  • Car loans

Hours Available:

7:30 AM – 4:30 PM (MON – FRI)

Closed on weekends

Address: 52 Elderfield Rd, Waterford WA 6152, Australia

Contact Details: +61 1800 421 800

Website: http://www.hannalendingservices.com.au/ 

Facebook reviews score5/5
Google reviews score5/5
Total reviews5/5
Score consistency5/5
Loan options 5/5
Loan terms 4.8/5
Customer satisfaction5/5
Additional services 5/5

Pros

  • Flexible loan options
  • Quick and efficient loan approval process
  • Professional and knowledgeable team of experts
  • Reliable in communications

Cons

  • Limited time of open hours compared to others
  • Risk of losing your asset

Hanna Lending Services is one reputable and reliable option for business owners seeking financing. 

The company offers flexible loan options to suit different business needs, and its quick and efficient loan approval process is a major advantage for those who need funding quickly.

Another significant positive aspect of the company is its team of experts. Its professionals are knowledgeable and provide excellent customer service. 

This means that clients can rely on receiving high-quality advice and guidance throughout the loan application process.

Additionally, the quick pre-approval process and access to 30 lenders provide customers with a range of options for securing the best possible rates for their loans. 

With over ten years of experience in helping Perth-based customers access loans, Hanna Lending Services has established a strong track record of success.

On the other hand, one potential drawback is the limited time of open hours compared to others. However, this is not likely to be a major issue for most customers.

Another risk to consider is the possibility of losing your asset. While this is a risk associated with any loan that requires collateral, it is important to consider this carefully before taking out a loan.

Overall, if you are a business owner in need of financing, Hanna Lending Services is worth considering. 

With their transparent contracts, fixed interest rates, repayment terms, and commitment to helping clients understand their credit score, they provide a range of options for securing funding at a competitive rate.

2. Finwise Finance


Loans Offered:

  • Leisure loans
  • Personal loans
  • Business loans


Hours Available:

8:30 AM – 6:00 PM (MON – FRI)

Closed on Saturdays and Sundays

Address: Level 4, 165 Adelaide Tce, East Perth, WA 6004

Contact Details: 1300 404 300

Website: https://www.finwisefinance.com.au/contact/ 

Facebook reviews score5/5
Google reviews score5/5
Total reviews5/5
Score consistency5/5
Loan options 5/5
Loan terms 5/5
Customer satisfaction4.8/5
Additional services 5/5

Pros

  • Quick approval and easy process
  • Excellent customer service
  • Great guidance throughout the process
  • Great loan options

Cons

  • Tendency to take back initial approval
  • Lack of transparency 

With Finwise Finance, we have to say they exceeded our expectations. They provide a large range of loan products that are tailored to your specific needs. 

The dedicated support we received throughout the process was exceptional and made the entire experience stress-free. 

We appreciate their attention to detail when assessing any circumstance, ensuring that our credit score was protected by finding the best lender for us.

The quick approval and easy process made it convenient for us to get the funds we needed, and we appreciated the guidance we received throughout the process. Their customer service is top-notch, and you’ll feel like your needs are a priority to them.

One of the best things about Finwise Finance is that they offer a no-obligation quote, providing customers with the freedom to make the best decision for their business. 

They also offer a range of loan terms, from 12 months to 7 years, allowing customers to find the best plan to suit their financial goals.

Another notable feature is the option to set a residual payment (balloon payment) from 0% to 70%, which can be paid later to reduce the size of repayments. In certain cases, they also offer 100% finance, providing a significant benefit to customers.

They also offer a variety of options that can be tailored to each customer’s specific needs, making it easier to find the perfect plan to meet their financial goals.

However, there are a few disadvantages that some customers have reported. 

It has been noted that Finwise Finance has a tendency to decline approval even after the initial approval. Some clients felt like their hopes have been raised only to be let down later.

Moreover, there have been reports of the company not being fully transparent when it comes to loans. Some customers have reported that certain details were not fully disclosed upfront, making it difficult to fully understand the terms of the loan.

3. Nu-Age Vehicle & Asset Finance

Loans Offered:

  • Financial services
  • Commercial loans
  • Consumer loans

Hours Available:

8:00 AM – 4:30 PM (MON – SAT)

Closed on Sundays

Address: 8 Luisini Rd, Wangara WA 6065, Australia

Contact Details: +6186 424 8195

Website: https://www.nuageloans.com.au/ 

Facebook reviews score5/5
Google reviews score5/5
Total reviews5/5
Score consistency5/5
Loan options 5/5
Loan terms 4.7/5
Customer satisfaction5/5
Additional services 5/5

Pros

  • Gives different loan options
  • Expert advice and guidance from finance specialists
  • Excellent customer service
  • Efficient and pleasant process

Cons

  • High-interest rates and fees
  • Risk of losing your asset

Nu-Age Vehicle & Asset Finance is a company that specializes in providing financing solutions for businesses looking to purchase or lease vehicles and other assets. 

The company offers a range of loan options that can be tailored to suit the unique needs of different businesses.

The team has over 20 years of experience in the car, home lending, and finance industries and is highly motivated to provide excellent customer service. 

One of the key strengths of Nu-Age Vehicle & Asset Finance is its team of finance specialists who are available to provide expert advice and guidance throughout the loan application process. 

They are knowledgeable and able to help businesses make informed decisions about their financing options. 

Another advantage of the lenders is that they have excellent customer service, and this is reflected in the feedback and reviews from their customers.

The loan application process is also efficient and pleasant. The company strives to make the process as smooth as possible, ensuring that businesses can get the financing they need quickly and without any unnecessary hassle.

However, there are a few potential drawbacks to consider before choosing Nu-Age Vehicle & Asset Finance. One is that the interest rates and fees may be higher than those offered by some other lenders. 

It’s important for businesses to carefully consider the costs of borrowing and determine whether the benefits of working with Nu-Age outweigh the higher costs.

Another potential risk to be aware of is the possibility of losing your asset if you’re unable to make your loan payments.

There will be upfront and ongoing monthly fees, and some additional fees, such as late payment or early payout fees, may also apply. However, they are there to make the process easy to understand and will guide you through it every step of the way.

4. Westend Finance


Loans Offered:

  • Home and investment loans
  • Business loans
  • Equipment finance
  • Commercial property loans
  • Vehicle finance


Hours Available:

8:30 AM – 5:00 PM (MON – FRI)

9 AM –1 PM Saturday

Closed on Sundays

Address: Level 12/197 St Georges Terrace, Perth WA 6000, Australia

Contact Details: +6186 406 2490

Website: https://www.westendfinance.com.au/ 

Facebook reviews score5/5
Google reviews score5/5
Total reviews5/5
Score consistency5/5
Loan options 5/5
Loan terms 4.8/5
Customer satisfaction5/5
Additional services 4.8/5

Pros

  • Many loan options to choose from
  • Fast and efficient loan approval process
  • Friendly and knowledgeable team of finance experts
  • Have budget plans

Cons

  • Limited range of packages
  • High-interest rates and fees

Westend Finance has many great loan options to choose from and has a fast and efficient loan approval process.

One of the strengths of the company is its friendly and knowledgeable team of finance experts who are always available to assist clients with their inquiries and concerns.

The company also offers budget plans, which can help clients manage their finances effectively. This can be particularly useful for new businesses that are still establishing themselves and may need help with cash flow management.

Although Westend Finance has a limited range of packages, they have access to 30 banks and financiers. 

Unfortunately, the lender has high-interest rates and fees, which is a big disadvantage. It can be difficult for borrowers to repay their debts and achieve financial stability.

The company also does not offer lender’s mortgage insurance (LMI), which can be a disadvantage for clients who do not have a large deposit or additional security to offer.

Another thing to consider is that loan-to-value ratios are lower, which means clients may need to have more money upfront for a deposit or additional security to offer compared to residential loans. 

This can make it challenging for some clients who are starting a new business and may not have enough capital.

5. TAG financial group

Loans Offered:

  • Home loans
  • Business loans
  • Personal loans

Hours Available:

8:30 AM – 5:00 PM (MON – FRI)

Closed on Saturdays and Sundays

Address: 2b Forbes Road, Applecross, WA, 6153

Contact Details: (08) 9367 1227

Website: https://taggroup.com.au/contact/ 

Facebook reviews score4.9/5
Google reviews score5/5
Total reviews5/5
Score consistency5/5
Loan options 5/5
Loan terms 5/5
Customer satisfaction4.7/5
Additional services 5/5

Pros

  • Flexible loan options
  • Professional employees
  • Awarded company
  • Quick and easy process

Cons

  • Lack of explanation of financial jargon
  • No collateral or asset that can be seized or sold 

TAG Financial Group is a reputable financial services company that has been in operation for over 18 long years. 

They offer flexible loan options for different financial needs, including home loans, vehicle finance, equipment finance, personal loans, and business loans. 

They have a team of professional employees who are dedicated to helping clients find the right loan at the right price, with minimal documentation and cash-flow-friendly repayments.

They have a good reputation in Western Australia, having won multiple MFAA and Connective Excellence awards in the financial services industry, which speaks to their expertise and dedication to delivering quality service to clients.

The company also offers a fast and simple application process for loans of $150,000 or less.

However, some clients have reported that there is a lack of explanation when it comes to loans, which can be a disadvantage for those who are not familiar with financial jargon.

This has led to some customers feeling stressed about the loan process. It is imperative for the company to acknowledge and resolve these concerns in order to improve customer satisfaction.

Another concern is that the lender does not offer any guarantees, which means that there is no collateral or asset that can be seized or sold to recoup the loan amount in case of default. 

This increases the risk for the lender, which often leads to higher interest rates and more stringent loan terms for the borrower.

Overall, TAG Financial Group is still a good option for those looking for flexible loan options and professional services. 

FAQs about Business Loans


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