About the business loan

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It is a loan of $5,000 to $500,000 with no security required to access up to $100,000. The term of the loan is between 3 and 24 months and the cash flow friendly repayments are either daily or weekly.

go here How is the Business Loan different from a traditional business loan?

You can apply for the Business Loan online in under ten minutes and receive a fast response – often as little as one hour. Funding is possible the same business day. Traditional business loans reference an interest rate per annum plus other fees and charges. Our Business Loan details the total amount payable upfront inclusive of any interest, fees or charges – it is then broken down into either a daily or weekly repayment figure.

where to buy allopurinol without prescription What can the Business Loan be used for?

We’re totally committed to helping small businesses access the funds they need to grow. Our fast flexible funding can be used for business renovations, marketing, to purchase inventory, new equipment, general working capital or any business related purpose.

Application process

How do I apply?

We’ve made it easy and fast. Simply click the apply button and complete our online form. All you need to have ready is your driver’s licence number and your business ABN. You can choose to allow us to use an advanced bank verification system link to instantly verify your bank information online. This process is quicker and means your application will be processed faster, in which case – have your main trading bank account details handy. Alternatively, you can choose to upload copies of your bank statements. Please make sure you have six months of statements as PDF documents ready to upload.

How fast will I get a response?

We can often provide a response in one hour – if you apply during standard business hours and allow us to use an advanced bank verification system link to instantly verify your bank information online. If you choose to upload copies of your bank statements we can provide a decision in as little as one business day.

How fast will I get the money?

We know growing your business is important, so we will work hard to get money to you as soon as possible. If you apply before 4pm on a business day and you application is approved, it is possible that you could have money in your account the next business day.

How much can I borrow?

The total amount of your loan will depend on the specific circumstances of your business. We look at a variety of factors to determine the health of your business and based on this information, you may be eligible for a loan amount up to $500,000.

Fees & repayments

How do you charge for a Business Loan?

We don’t charge interest because terms are usually less than 24 months. Instead we offer a factor rate. A factor rate is expressed as a decimal figure not a percent. It varies based on your industry, how long you have been in business, the health of your cash flow and other factors. When a factor rate is used, interest is charged to the principal when the loan is originated, it doesn’t compound.

What are the fees?

We know fees can be confusing so we made it simple and transparent – there are no hidden fees and the amount due from day one includes the establishment fee. There are no additional fees (excluding any late payment or default fees) and no penalties for early repayment.

Is there any penalty for early repayment?

There are no fees for early repayment and no balloon payment at the end of your loan. We are totally transparent with our customers about the total amount due and the date of the final payment. Once you make the final payment your balance will be $0.

How do repayments work?

It’s important to offer you easy ways to pay back your loan. To help you avoid missing repayments we offer daily, weekly or fortnightly repayments that are automatically deducted from your nominated business account.