Blog

Unsecured Business Loan Australia

Share

Examples of unsecured business loans for self employed


Business Type
Amount Requested
Term
Purpose for funds
Solution Offered
Traditional Funding Challenges

Software Developer / IT
$100,000
9 months
Customer required funds for work in progress projects – the funds were required to expand workforce for the growing project scope requirements
$100K funded
*Needed funds deployed in 5 days
*No asset purchase, no transactional security


Business Type
Amount Requested
Term
Purpose for funds
Solution Offered
Traditional Funding Challenges

Owner/Driver – Transport Operator
$35,000
6 months
Repair engine on encumbered truck – Customer losing $1,500 per day income whilst truck was off the road
$35,000 funded
*Needed funds within 48 hours paid to repairer
*Vehicle was on lease contract and could not be used as security


Business Type
Amount Requested
Term
Purpose for funds
Solution Offered
Traditional Funding Challenges

Construction Company
$200,000 Immediately – $1M over a 12 month period
5 months
Mobilisation funds required due to winning a major project
Facilitated $1M in unsecured funding over a 12 month period – Initial agreement for $200k
*Fully drawn debtor facility
*No invoice available to factor under this facility
* High LVR on all assets
*No security available


How to get an unsecured business loan?

fast business loans unsecured

How to get an unsecured business loan?
We provide funds from $5,000 to $250,000 and our team work hard to approve applications within 24 hours and funds can be available in your business bank account within 3 days.

How does an unsecured new business loan work?
A business loan works on the basis of a fixed term with daily or weekly repayments and is suitable for businesses with regular (daily/weekly/monthly) sales income. This loan can be used for any business requirement such as cash flow, inventory, renovating or expanding your business, upgrading equipment, paying suppliers and marketing. The average term is 6 months. This provides the customer with the opportunity to access further funds in the near future. There is no security tied to the loan unlike a business loan secured by residential property.

What is the interest rate?
There is no interest rate, we use a factor rate. A factor rate includes all principal and interest payments and the total factor rate is disclosed to you along with how much the repayments will equate to.

How is it paid back?
Fixed daily or weekly repayments.

What documents do we need?
• Last three months bank statements
• Completed application form
• Financials required for loans $50,000 and over

Click here to get a quote and apply

Download an Application Form here to apply today!

Further information can be found in our brochure here.


Please contact us or alternatively fill out the contact form below so we can provide you with more information on a unsecured business loan:

Your Name (required)

Your Email (required)

Subject

Your Message

Share

Leave a Comment

Your email address will not be published. Required fields are marked *