Banks Said No - How a Café Owner Secured a $175,000 Unsecured Business Loan

Summary:

After being declined by traditional banks, an Australian café owner secured a $175,000 unsecured business loan using bank statements only, with the right finance broker support.

The Challenge

The café owner had:

• Multiple bank declines

• No property to offer as security

• A need for fast access to working capital

Despite steady turnover, traditional lenders were unable to assist.

Our Approach as a Finance Broker in Australia

As a finance broker in Australia, we assessed the café’s trading performance using recent bank statements rather than relying on traditional financials or property security.

We then matched the application with lenders that assess:

• Consistent income and turnover

• Business stability

• Bank statement performance

Approval was subject to lender assessment and criteria.

The Outcome

The café owner was approved for a $175,000 unsecured business loan, providing funds to support operations and cash flow without offering property or other assets as security.

Key Takeaway

A bank decline does not always mean the end of the road. Some lenders assess applications using bank statements only, and an experienced business loan broker in Australia can help identify these options.

FAQ: Bank Statement Business Loans in Australia

Can a business get a loan if the bank says no?

Yes. A bank decline does not always mean finance is unavailable. Some non-bank lenders assess applications using alternative criteria such as bank statements. Approval is subject to lender assessment.

What is a bank statement business loan?

A bank statement business loan is a finance option where lenders assess recent bank statements to evaluate income and cash flow, rather than relying solely on traditional financials.

Can a business get an unsecured loan using bank statements only?

In some cases, yes. Certain Australian lenders offer unsecured business loans based primarily on bank statement performance. Eligibility depends on turnover, trading consistency, and lender criteria.

Do I need property or assets as security?

Not always. Some bank statement loans are unsecured, meaning no property or assets are required as security. This depends on the lender and loan structure.

Are bank statement loans more expensive?

They can be. Interest rates and fees may be higher than traditional bank loans due to increased risk. A broker should explain the total cost before proceeding.

Is approval guaranteed through a finance broker?

No. A finance broker cannot guarantee approval. All business loans are subject to lender assessment, eligibility, and approval conditions.