Funding that supports how your business actually operates.
Clear guidance, practical advice, and business finance that makes commercial sense.
Running a business means balancing opportunity, risk, and cash flow — often at the same time.
Whether you’re investing in growth, upgrading how your business operates, or managing day-to-day funding needs, the right loan structure matters.
We help business owners understand their options and choose finance that fits how their business actually runs — not just what looks good on paper.
Why businesses choose Extra Mile
- Clear, straightforward explanations
- Access to a broad range of Australian business lenders
- Experience working with owner-operators and growing businesses
- Transparent comparisons across rates, fees, terms and flexibility
- Support from first discussion through to funding
Common use cases for business loans
Business loans are often used to support practical needs such as:
- Improving cash flow or working capital
- Purchasing equipment, vehicles or essential tools
- Funding growth, expansion or new opportunities
- Managing seasonal or uneven income cycles
- Refinancing existing business debt to simplify repayments
Our role is to help you align the purpose of the loan with a structure that suits your business stage and cash flow — without pushing unnecessary complexity.
Choosing the right loan structure
Business loans aren’t all the same.
Some options provide a set amount with predictable repayments, while others offer ongoing access to funds as your needs change. The right choice depends on what you’re funding, how frequently you’ll use the funds, and how much repayment flexibility your business needs.
We explain these differences clearly, so you can make informed decisions with confidence.
Big decisions. Real guidance. Real outcomes.
What clients say after going through the process with Extra Mile.
How business loans work
Step 1 - Understand your needs
We start by discussing what you want to fund, how quickly you need the finance, and what level of repayments makes sense for your business.
Step 2 - Compare suitable options
We review different lenders and loan structures, looking beyond the headline rate to consider fees, terms, security requirements and flexibility.
Step 3 - Apply with confidence
We manage the application process, coordinate documentation, liaise with the lender, and guide you through approval and funding.
Ready to plan your renovation?
Book a free, no-obligation call and get clarity on the best way to fund your home renovation.
All loans are subject to lender approval and eligibility criteria. Fees and charges may apply.
What you’ll typically need
Requirements vary depending on the lender and loan type, but most applications will involve:
- Identification
- ABN and business details
- Bank statements
- Business financials or trading information
- Details of existing liabilities (if applicable)
Frequently asked questions
Do I need to be profitable to apply for a business loan?
Not always. Lenders assess a range of factors, including time in business, cash flow, and overall financial position.
Can sole traders apply for business loans?
Yes. Many lenders offer business finance options for sole traders, subject to eligibility and documentation.
How long does approval usually take?
Timeframes vary depending on the loan type and complexity. Once we understand your situation, we’ll give you a clear expectation upfront.
How do I know which type of business finance is right for me?
That depends on what you’re funding and how your business operates. We’ll explain the trade-offs so you can choose an option that genuinely fits.
Is interest on a business loan tax-deductible?
In many cases, interest may be deductible when the loan is used for income-producing business purposes. This depends on your circumstances, so it’s best confirmed with your accountant or adviser.
Contact us
Our Adelaide office
We’re based in Adelaide and support clients across South Australia and Australia-wide.