Need funding for your Supermarket business?
Here’s what you need to know.

Whether you are establishing a new supermarket or buying an existing supermarket business or looking to save money or negotiate better terms and conditions on your current business finance arrangements, the key to getting a better deal is as simple as, thinking like a bank!

Banks lend money based on two key KPIs – they want to be repaid and they want a return on their investment. In theory this is simple, however the criteria the bank will use to assess your supermarket’s business credit risk can be extensive.

More importantly, unlike the relative standard terms of a home loan, the bank or lender will allocate your business case with a risk grade which directly impacts the interest rate, fees, terms and conditions of your finance and, ultimately the profitability of your business. The higher the bank perceives your risk, the higher the cost of your loan and vice-versa.

Your experienced business finance broker will be in the best position to talk you through all the key criteria each bank or lender will use to establish your funding options and it will differ from one lender to another.

In the meantime here are just a few tips to help you prepare for a successful business finance approval process:

Ensure your financial statements are current

The lender will require copies of (including but not limited to):

Ensure your credit history is clean

If you have any defaults on your credit file, the lender will require a full explanation and written confirmation that the default has been cleared.

Tip: You can obtain a copy of your Credit File from

Clear all outstanding tax debt

If you have any tax outstanding or a repayment arrangement with ATO, it is unlikely the lender will approve your loan and they will require a record of your last 12 months’ worth of tax transactions for company/trust and directors personally. Your accountant will be able to provide this.

Have a thorough Business Plan

The lender will require a copy of: 

Supermarket Finance doesn’t need to be difficult

While your bank manager or mortgage broker may have helped you with home finance previously, securing finance for a supermarket or similar retail outlet is quite specialised and it pays to find a professional finance broker with a proven track record in supermarket finance who will: 

For more guidance on finding better finance for your supermarket business opportunity get in touch today.


Recommended Industry Professionals

If you are looking to purchase a supermarket, getting experienced professionals on your side is the first step – business brokers, solicitors, accountants, financial planners, valuers, tax advisors. I work with proven supermarket, retail and wholesale industry specialists daily and am happy to point you in the right direction. Start here:


THE FINEPRINT: The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. While all care and attention are taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances.

Green Finance Group Pty Ltd ACN 145 035 221 is authorised under LMG Broker Services Pty Ltd ACN 632 405 504 Australian Credit Licence 517192.

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Meet the Author

"Owning and running your own business is an exciting, daunting, challenging and rewarding endeavour all rolled into one. Just like the physical premises of your business, your success hinges on your foundations, starting with getting the right finance at the right price. That's where I can help."

Derek Parsons

Finance Consultant
  • Commercial Finance, Equipment Finance

Fortitude Valley, Brisbane

An award-winning small business and franchise finance specialist who's on your side when it comes to finding a better finance deal.

Prior to joining the Green Team in 2018 I worked behind the scenes at some of the country's largest finance institutions, including Westpac and BankWest, primarily helping small and medium sized businesses to secure competitive finance.