Volume 2 · Concepts
Business finance terms explained
The ideas lenders use to say yes, no or 'not yet' — LVR, guarantees, serviceability, security and fees — explained in depth.
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12 entries in this volume · listed alphabetically
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- Business credit score How business and personal credit scores work in Australia, what lenders read on each file, how long records stay and practical steps to improve your score.
- Business purpose declaration What a business purpose declaration is, why lenders ask for it, how it affects which lending laws apply, and why an accurate declaration protects everyone.
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L
- Loan covenants Business loan covenants explained: financial, reporting and negative covenants, what a breach means, and how to negotiate covenants you can live with.
- Loan fees explained Every business loan fee explained: establishment, line, valuation, legal, discharge, broker and early repayment fees, and how to compare total cost.
- Loan-to-value ratio (LVR) LVR explained for business borrowers: how to calculate it, why second mortgages use combined LVR and what moves a lender's maximum loan amount.
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P
- Personal guarantees What a director's personal guarantee on a business loan means, guarantee vs indemnity, joint and several liability, and what to ask before signing.
- PPSR and GSAs What a general security agreement is, how lenders register it on the PPSR, how priority works, and why a PPSR search matters before you buy.
- Property valuations How property valuations work for business loans: desktop vs full valuations, who orders them, why they come in low and what to do if they do.
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