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?

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

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: