What are the benefits of using my Xero data to apply for a loan and who will benefit?

Provided that your business’s financial information is correct and up-to-date, your Xero data is your best asset when it comes to applying for a loan. Connecting your Xero organisation to a lender to apply for a loan means:

  • You can save time: When you need business finance, speed is critical. Instead of spending weeks or longer trying to get finance, apply online with one of our lending partners and connect your Xero organisation so the lender has access to all the information they need to assess your application. You may be able to apply in as little as 20 minutes (depending on the lender and financial product selected); just make sure your information is correct and up-to-date in Xero.  The easier it is for the lender to assess your application, the faster they can make a decision.

  • Share your financials directly with the lender: Lenders need to see your business financials to assess your loan application, so why not share them straight from Xero? It only takes a few minutes during the lender’s application process.

  • You get a decision sooner: By giving the lender access to the information they need to be able to assess your application, you’ll get a decision sooner. The quicker you know the decision, the quicker you can act.

  • Your data is safe: We’re committed to the security of our customer data and provide multiple layers of protection for the personal and financial information that you trust to Xero. To help you understand how we protect and secure data, we encourage you to read our policy on security at Xero.

  • The power is in your hands: Your Xero data will only be shared with the lender once you’ve given your permission. We will never share your Xero data without you telling us to.

The lender will also benefit from you sharing your Xero data, as they will have real-time access to the financial information they need to be able to assess your loan application. This reduces the back-and-forth and enables the lender to make a much faster decision.

Frequently asked questions

What are the benefits of using my Xero data to apply for a loan and who will benefit?

Provided that your business’s financial information is correct and up-to-date, your Xero data is your best asset when it comes to applying for a loan. Connecting your Xero organisation to a lender to apply for a loan means:

  • You can save time: When you need business finance, speed is critical. Instead of spending weeks or longer trying to get finance, apply online with one of our lending partners and connect your Xero organisation so the lender has access to all the information they need to assess your application. You may be able to apply in as little as 20 minutes (depending on the lender and financial product selected); just make sure your information is correct and up-to-date in Xero.  The easier it is for the lender to assess your application, the faster they can make a decision.

  • Share your financials directly with the lender: Lenders need to see your business financials to assess your loan application, so why not share them straight from Xero? It only takes a few minutes during the lender’s application process.

  • You get a decision sooner: By giving the lender access to the information they need to be able to assess your application, you’ll get a decision sooner. The quicker you know the decision, the quicker you can act.

  • Your data is safe: We’re committed to the security of our customer data and provide multiple layers of protection for the personal and financial information that you trust to Xero. To help you understand how we protect and secure data, we encourage you to read our policy on security at Xero.

  • The power is in your hands: Your Xero data will only be shared with the lender once you’ve given your permission. We will never share your Xero data without you telling us to.

The lender will also benefit from you sharing your Xero data, as they will have real-time access to the financial information they need to be able to assess your loan application. This reduces the back-and-forth and enables the lender to make a much faster decision.

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