Frequently Asked Questions
How quickly can I get approved for finance?
Whilst banks can sometimes take weeks to make a decision, CFI can typically give you an answer within 24-48 hours.
How much can I borrow?
It depends on the product and your circumstances. Business loans range from $25,000 to $500,000, asset finance from $5,000 to $500,000, and working capital from $10,000 to $50,000.
You say CFI are the 'Franchise Finance Specialists' — what does that mean?
At CFI we started out just financing franchises, so we're very good at it. CFI has relationships with lots of major franchise brands, and our franchise accreditation model can make it easier for existing and prospective franchisees to access funding.
What if I haven't started my business yet?
CFI has helped thousands of Australians to realise their dreams of business ownership. Regardless of whether you're looking to start a new business, or buy an existing business, CFI can help.
Do I need a deposit for a business loan?
A deposit may be required for some loans, but not always — it depends on a number of factors including the loan size and the financial product selected. For new businesses it may depend on what money you've already invested or plan to invest in setting up your business. A CFI Finance Specialist can give you a better indication of whether or not a deposit may be required based on your specific circumstances.
Can the interest rate of a CFI loan increase?
No. The rate is fixed for the term of the loan. Your repayment amount is confirmed upfront before you sign, so you'll always know exactly what to expect.
Is my personal information safe with CFI?
CFI takes privacy very seriously. We can only use your personal information for very specific purposes — generally this means assessing your eligibility for our finance products or managing your products with us.
Can I get finance to buy a business?
Yes you can. CFI are experts when it comes to funding business acquisitions.
Still have questions?
Call us on 1300 659 676
Or get in touch and one of our team will be happy to help.