Quick answer
Geelong businesses declined by banks can access alternative loans that weigh bank statements, purpose and property security. Unsecured funding typically runs from $5,000 to $500,000, and loans secured by Victorian property run from $20k up to $5m. Advanced manufacturing, health, construction and Surf Coast tourism businesses are common borrowers.
Key points
- Manufacturing has shifted toward advanced and specialised work
- Health, disability services and education are growing
- Surf Coast and Bellarine tourism is seasonal
- Victorian property can secure loans with no valuation first
From heavy industry to advanced manufacturing
Geelong’s economy has changed significantly as large-scale car manufacturing ended. Advanced manufacturing, engineering and specialised fabrication have grown in its place, alongside a substantial health and disability services sector, education and a construction industry serving fast-growing suburbs. The Surf Coast and Bellarine add tourism and hospitality with strong summer seasons.
Common situations in Geelong
| Situation | Typical route |
|---|---|
| Fabricator buying a laser cutter for a new contract | Equipment finance |
| Disability service provider growing staff | Working capital or line of credit |
| Builder in a growth suburb | Line of credit or caveat loan |
| Surf Coast cafe or accommodation | Seasonal facility or secured loan |
| Owner with ATO debt and Victorian property | Second mortgage |
Property as security
Residential and commercial property across Geelong and the coast can secure business loans anywhere from $20k to $5m, without a valuation before approval. Interest can be prepaid or capitalised.
An illustrative example
A Geelong metal fabrication business won a contract to supply components to a national builder. Equipment finance funded a second laser cutter, and a short-term loan covered steel for the first production run, repaid as invoices were paid.
Nearby
See also Melbourne and Ballarat.
Local industries and their cash flow rhythms
- Advanced manufacturers and fabricators invest heavily in machinery and wait on trade customers to pay.
- Health and disability service providers carry large payroll costs and rely on regular service payments.
- Construction and trades follow growth in Armstrong Creek, the northern suburbs and the Bellarine.
- Surf Coast and Bellarine tourism and hospitality depend on summer and holiday trade.
- Education and professional services support a large local workforce and many small suppliers.
What to prepare from Geelong
Twelve months of business bank statements, recent BAS, identification and a summary of the purpose. Manufacturers should include equipment quotes and any purchase orders the new machine will service. Service providers with large payrolls should show that wages, super and tax are up to date, because lenders check this closely. Tourism businesses on the coast should provide a full year so the summer peak and winter dip are clear. Everything is handled remotely by phone and electronic signing.
Talk to us from Geelong
Make a quick enquiry. Asking involves no credit check, a person checks it, and there is no lender auction. See what your Geelong business can access.
Frequently asked questions
Do you help businesses on the Surf Coast and Bellarine?
Yes, including Torquay, Ocean Grove, Lorne and surrounding areas.
Can manufacturers finance new machinery?
Yes, through equipment finance, often with the machine as security.
Can disability service providers get working capital?
Yes. Lenders consider regular service payments in bank statements.
How is Victorian property security handled?
Through the Victorian titles system. Your solicitor handles registration.
Prefer to start now? Enquire here
About 60 seconds. No credit check when you first enquire, and a person who handles unusual deals calls you back.