Over the last year, John has been planning to start an innovative lawn service company. He calculated that he needs $45,000 in capital to cover his start-up costs and get his idea off the ground. John has never started a business and isn’t sure of the legal steps he must take to operate a business in Australia. He knows he needs an ABN and will have to choose the right structure for his business, but is worried there are a few more things he is missing. After John did some research he also realised he needed to find the right lender for his situation so he could get the start-up capital he needs.
John went to Google and searched “Start-up business loans”. He found ALC Commercial and enquired online. After enquiring, one of our loan specialists contacted John to better understand his vision. John explained his business idea along with his plans and goals for his lawn service startup.
After accepting the start-up loan from us, he was able to use the funds to purchase a new lawnmower and set up his website.
If you are in John’s situation and want to know how to start a business in Australia, we have prepared a checklist to make it easier for you to feel confident moving forward. The ‘start a business’ checklist details what we require from you when you are ready for financing.