5 Ways to Make Your SME More Financeable

At Swoop, we’ve outlined five practical strategies to help make your business more attractive to lenders.

Lenders typically prefer businesses with at least two years of trading history. An easy way to build this track record early is by registering your ABN and signing up for GST as soon as you start trading. This helps create a verifiable, credible record of your operations.

ATO debt is a major red flag for lenders. Being up to date with your tax obligations not only improves your financial hygiene but also significantly boosts your chances of getting approved. Prioritising ATO payments shows lenders you’re financially responsible.

Keeping your business and personal finances separate is crucial, not just for tax purposes but also for lending clarity. Set up dedicated business accounts, avoid mixing credit cards, and consider paying yourself a consistent salary. It’s a small change that goes a long way in building lender trust.

Although owning property can improve your chances of securing favorable loan terms, it’s not essential. Instead, prioritise strengthening your business’s financials and explore lenders that provide unsecured financing or credit lines without needing collateral.

Lenders will comb through your bank statements with a fine-tooth comb. Make sure you present positive cash flow, regular income patterns and no dishonours, overdrafts, or erratic spending.

At Swoop, we help SMEs optimise their financial position to unlock better funding opportunities faster and with greater confidence. Swoop specialises in guiding businesses through the lending landscape. Whether the goal is to manage cash flow, invest in growth, or refinance existing debt, we connect SMEs with the right funding solutions and provide support every step of the way.