Business loans Perth start at just $5,000 and are available up to $300,000 with no security.
Within Western Australia, there are more than 224,270 businesses and 75% of these are based in the city of Perth. Small business also represents 97% of all businesses in Western Australia and contributed $48 billion dollars to the Australian economy as of June 2018.
According to the latest ABS Counts of Australian Businesses, as of June 2018 industries with the largest number of small businesses in WA are construction, professional scientific and technical services, rental, hiring and real estate services, financial and insurance services, agriculture, forestry, and fishing. Western Australia is also a competitive exporter of minerals, petroleum commodities and the mining industry, which accounted for 30 per cent of gross state product in 2017‑18.
The Western Australian economy grew by 1.9 per cent in 2017-18, following six years of declining growth due to the completion of major construction projects in the capital city of Perth. This led to total employment falling in 2015-16 and again in 2016-2017. A small increase in business investment in 2017‑18 by the government and an improved investment outlook into small business is now supporting job growth.
Perth businesses need support from the local government due to the lack of access to funds being a result of slow business growth and economy. A business lender like Capify can help business owners access short term business loans under 12 months with an easy application process that can help them with having working capital for their business in 24 hours.
Speak to a lending specialist today on 1300 760 930 to get funds in 24 hours or start your application and apply for a business loan now.