How do I apply?

Applying for your tailored financial solution is a breeze. Simply click the button below to access our application form. Fill out your details, providing us with your financing needs. Once you’ve submitted your information, our dedicated team will diligently review your application and promptly reach out to you. Your journey towards financial empowerment starts with this simple step – let us guide you through the process and unlock the doors to your business’s success.

How does the loan process work?

Embarking on the journey to financial empowerment has never been easier with our streamlined loan process. Begin by submitting your application online, a seamless procedure that takes just a few minutes of your time. Our expert team will swiftly review your application, ensuring a prompt approval decision. Once approved, the funds will be made available to you, providing the crucial capital infusion required to catalyze your business’s progress.

As small business owner’s ourselves we understand the value of your assets and how crucial they are to your business. Losing your property or equipment is not an option, which is why we offer unsecured business loans and lines of credit from $5k up to $500k+ that generally don’t require any collateral.

We carefully evaluate the health of your business to assess your creditworthiness and determine the loan’s terms. If you require a loan exceeding $250,000, we may request collateral to secure it. To facilitate repayment, we strive to make the payment process as seamless as possible, aligning with your cash flow for greater convenience.

Our objective is to assist as many small businesses as possible with funding. Unlike large banks, we don’t impose unattainable requirements.

To qualify for a loan, you must meet three basic criteria:

1. A trading history of at least three months for your business.

2. A monthly turnover rate exceeding $6,000.

3. Consistent cash flow, whether it’s daily, weekly, or monthly.

We keep the loan eligibility process hassle-free by avoiding excessive paperwork requirements, which means we only ask for essential documentation.

To verify your identity, we usually require nothing more than your driver’s license and your business’ ABN. Additionally, if you’re applying for a loan of up to $250,000, all you need to provide are your business account’s bank statements for generally the previous three months.

For larger loan amounts, we may require some additional information, such as recent financial statements of your business.

Certainly. At our company, we place a high emphasis on safeguarding your privacy and security. We and the lenders we use take stringent measures to protect our clients’ information.

If you want to learn more about our privacy policies, please refer to our Privacy Policy.

Unlike traditional lenders, the lenders we use don’t solely rely on a flawless credit report to approve loan applications. Although we conduct a personal credit check, we also consider your business’s financial health when making loan decisions.

Having a good credit score can strengthen your application, though. Credit reporting bureaus evaluate several factors to determine your credit score, such as:

· Recent loan applications made

· Current credit account balances

· Overdue bills

· Past bankruptcy (if applicable)

While a good credit score reflects your financial standing, please remember that it’s not a deal-breaker if your credit score is less than perfect. If your business is doing well, your personal credit score shouldn’t hold you back.

As you are aware that the most significant cost associated with a loan is the interest rate. With the lenders we use, we don’t offer fixed interest rates since every business is distinct. Instead, we consider various factors when deciding on an interest rate, such as:

With the lenders we use they all believe in transparency when it comes to loan repayments. That’s why we provide a detailed repayment schedule from the start, so you know exactly how much you’ll need to pay and when.

We have a range of business funding options available to suit different needs. Along with our unsecured business loans, we also offer the following financial products:

Equipment financing – This loan is designed specifically for purchasing equipment. Typically, you will need to provide collateral equal to the value of the asset you want to buy. However, this may allow for a lower interest rate. You can purchase any type of equipment, from tools and machinery to business vehicles.

Business overdraft – Also known as a line of credit, this option provides short-term cash injections, making it ideal for seasonal businesses or unexpected expenses. It can be used to pay for payroll, suppliers, or any other short-term expenses.

Vehicle finance – If you need to upgrade your fleet or acquire large, expensive assets like excavators or commercial cookers, vehicle finance is an excellent option. In some cases, you may also use a regular business loan for these purchases. If you have any questions about these options, feel free to contact us.

Business credit scores typically range from 0 to 1200, with good scores falling between 622 and 725, very good scores between 726 and 832, and excellent scores above 833. However, acceptable credit scores vary from lender to lender, although most prefer borrowers with scores of at least 680.

Regrettably, even businesses that are financially secure may find themselves defaulting on loans due to unforeseen circumstances. While lenders may be willing to overlook a few late or missed payments, consistently neglecting payments will result in a default on your loan.