Applying for a commercial loan with Responsive Lending is straightforward and paperless. Here’s how it works:

1. Initial Consultation – Complete our quick online application or request a free quote. Our soft credit touch approach means your credit score isn’t affected at this stage.

2. Broker Assessment – We’ll evaluate your business’s needs and gather the documentation required to recommend suitable lenders.

3. Lender Match – Based on factors like your credit history, financials, and loan amount, we’ll present you with potential offers from our panel of 40+ lenders.

4. Approval & Funding – Once you select a lender, we’ll guide you through the approval process. Funds can often be available in as little as a few days, depending on the lender and complexity of your application.

Many commercial loans are secured, using a business or personal asset—like commercial property, equipment, or other capital—as collateral. This can lead to more competitive interest rates. However, unsecured commercial loans are also available in some circumstances, often requiring stronger financials or a solid credit history. 

Your Responsive Lending broker will assess your situation to determine which option suits you best.

Yes, you can still apply. At Responsive Lending, we understand that businesses can face financial bumps. We work with lenders who can consider applications from business owners with less‐than‐perfect credit or limited documentation. 

Each application is reviewed case by case, so even if your credit score has some blemishes, we’ll do our best to match you with a lender who understands your unique story. Keep in mind that having bad credit may mean paying a higher interest rate or providing additional documentation.

The exact requirements can vary by lender and the structure of your business, but you’ll typically need:

• Confirmation of ABN

• Signed Privacy Agreement

If you have limited or low doc financial records, don’t stress—our paperless application and flexible lenders can often accommodate businesses with non‐traditional documentation. Understanding your financial situation is crucial when applying for a commercial loan to ensure it aligns with your business goals and future plans. Each lender offers their own product, rate and options and we are subject to any further requests the proceeding lender may have.

Yes. If you already have a commercial loan but want better terms, a lower interest rate, or more flexible repayment options, we can explore refinancing. Our brokers will compare offers from our wide panel of lenders to see if you could reduce monthly repayments or overall interest costs.

Thanks to our paperless application and streamlined assessment process, many customers receive conditional approval within a few business days. Final approval and funding depend on how quickly you submit required documents, as well as the complexity of your application. In straightforward cases, funds may be available in under a week.

Our lending partners provide both fixed and variable rate commercial loans. A fixed rate offers predictable repayments over the term of the loan, while a variable rate may fluctuate based on market conditions. Your Responsive Lending broker can help you decide which option best fits your cash flow and business strategy.

Many of the lenders we work with allow additional repayments or early loan settlements without hefty penalties. However, policies vary between lenders. If flexibility is a priority, let your broker know so we can find a product that accommodates early or extra payments.

We don’t have a hard‐and‐fast minimum or maximum; rather, the amount you can borrow depends on factors like your financials, credit profile, and the purpose of the loan. Whether you need a smaller loan to boost daily operations or a larger sum for property investment, our brokers will match you with a lender that meets your funding needs.