Loans And Refinancing in Melbourne & VIC
loans and refinancing in Victoria
Mounting business debt or a need to grow without available capital can leave you feeling like you have nowhere to turn, especially if you’re unable to access a secured loan fast enough or don’t have enough collateral behind you. The good news is there are avenues to explore.
Our loan and refinancing experts in Victoria will assess your situation and help you find the right loan option for your Melbourne business. This could mean accessing equity in your home, finding a suitable fast business loan or restructuring your existing debt so you can deal with cash flow issues.
There are plenty of specialised lending options out there to help you set your business up for a healthy financial future – and there’s no shame in reaching out and seeking expert advice. We will find the most suitable product as we’re not affiliated with any lenders. Our focus is on you and your wellbeing – financial and otherwise.
The loans and refinancing process in Melbourne
Assessing The Situation
Once you’ve appointed us to work with you, our first job is to assess your current business situation. This includes carrying out a financial analysis and looking at your resources and capabilities.
Securing The Funding
We determine the best source of funding for your situation and work with the lender to secure it for you – ensuring you get the best deal possible and that your repayments are manageable.
Paying Debt Or Growth
With funds secured, we work with you and your creditors to stabilise cashflow, and manage your trade, creditor and tax debt so you can focus on running your business. Or we can help you put your funds to best use.
Paying Off Your Business Loan
Use our Business Loan Calculator to work out the total cost of your business loan including monthly, fortnightly or weekly repayments.
Repayment settings have limited the savings options available. An Interest only repayment type usually does not allow any extra repayments to be made.
Extra Repayment Amount
Offset Account Amount
Lump Sum Amount
Lump Sum Year
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan or product. Results are based on information you have provided and does not take into account your personal circumstances. Using this calculator does not guarantee you will be eligible for a loan. You will need to satisfy your lender’s lending criteria. This calculator is not intended to be your sole source of information when making a financial decision. It is advised that you consult a professional financial advisor before taking out a loan.
Andy owned a waste management company that had decent demand but increasing debt.
He had plenty of customers enquiring but was having to turn them away as they didn’t have enough trucks to meet the demand. He also had a significant amount of debt accrued during the COVID downturn and construction pauses, including ATO tax debt.
Andy was feeling stressed about the debt and frustrated as he was unable to purchase two new trucks to increase capacity.
Andy had thought about getting a business loan or doing some type of refinancing but wasn’t sure what the best route was or which lenders to go to. He had heard about business loan and refinancing services and engaged us to see what we could recommend.
After assessing the business situation, we suggested that he take out an unsecured loan to relieve tight cashflow. We also recommended finance arrangements to buy new trucks.
Debt Was Paid Off
The loan enabled immediate payment of overdue debts with manageable repayments.
New Trucks Were Purchased
Andy was able to buy two new waste trucks and start taking on more work.
The Pressure Eased
Thanks to his proactivity, Andy felt relief and able to focus on the business again.
You're In Safe Hands
At Revive Financial, we care about the stress and impact being in debt has on your wellbeing. We want to help you take back control with no judgement, just a helping hand.
Revive Financial is proudly Australian owned and lead by a team of Chartered Accountants. Our qualified team have been helping Australians become debt free since 2005.
Our dedicated team have been trusted by over 10,000 Australians to help take back control of their financial futures. It's what we do best so you can rest assured.
Our Customers Love Us
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Frequently Asked Questions
How much can I borrow through Revive Financial?
We can help with loans from $5,000 to over $1 million.
Our personal loans are generally from $5,000 to $50,000.
Our home loans are generally from $100,000 to well over $1 million. Also, we can refinance any existing loan you may have and usually achieve better interest rates and repayments on your new home loan.
How does a Mortgage Refinance Work?
We’ll take a look at your overall financial standing including your income, unsecured debt amount, credit history and your current mortgage. We will then assess the appropriate affordable amount you can borrow to repay your existing debts and mortgage.
If necessary, we will also look to negotiate with your creditors on any unsecured debts to fit within your borrowing capacity.
These reduced debts together with your existing mortgage are then included in your new loan and paid out at settlement. This then leaves you with one, easy-to-manage loan with more affordable repayments.
How do you assess my application?
We look at your overall financial position. If there is something standing in the way of a successful loan application, we take the time to help you fix it. For instance – if you have too much unsecured debt, we will negotiate with your creditors to reduce the amount of debt you owe.
What if I have already been declined by a lender?
If you have been knocked back by a major lender, credit union or other financial institution, we could still assist you. We have access to a range of financial services and products which allows us to offer lending alternatives that other lenders can’t.
We also have solutions for those with impaired credit files.
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