Steps to get you business ready for funding

Securing funding is crucial for business growth and long-term success. It’s not just about getting capital, it’s about preparing your business to take that next step with confidence. Swoop can help! Our expert advisors guide you through understanding funding options, improving financial readiness, and providing support with credit checks and document preparation to ensure you’re set for success.

Before applying, here are four key things to have in place:

1. Understand your business profile

Lenders and grant providers typically look at your annual turnover, trading history, and whether you have an active ABN and GST registration. Tip: Aim for at least two years of trading history and GST registration to meet most eligibility criteria.

2. Know your financial position

Whether you’re applying as an individual or under a business name, lenders will assess your assets, liabilities, income, and expenses. Tip: Having a clear financial snapshot helps build trust.

3. Check your credit score

Your credit score is a key indicator of your financial reputation. At Swoop, we offer a free credit consultation to help you understand and improve your score before applying.

4. Define your funding purpose

Be clear on how much funding you need and exactly how you’ll use it, whether it’s for working capital, new hires, or equipment. Tip: A well-defined plan shows you’re prepared and strategic.

How Swoop Can Help Your Business
Swoop makes funding simple by offering expert guidance, free credit consultations, and hands on support with your application. Our advisors help you understand your options, prepare the right documents, and strengthen your credit profile. With Swoop, you’re not just securing funding, you’re setting your business up for long-term growth.