Ready to Grow your business
Unsecured Business Finance for SME's
Our team understand the highs and lows of business
Unsecured lending is a simple alternative to a traditional bank loan.
The application process is quick, easy, and there is no need to provide your home as security. Access to your funds is usually in as little as 48 hours.
There is no requirement to provide Tax returns with our lenders, as they rely on the information extracted from your bank statements to assess your ability to repay.
This option is available for those wanting to take advantage of an unmissable opportunity, where time is of the essence, or assistance with boosting immediate cash flow.
Loans and Options
We know our stuff… so you don’t have to
Business Term loans.
This type of facility tends to suit business owners who do not have collateral available, or limits in bank funding has been reached. These loans do attract higher interest rates, as unsecured loans are viewed to be a higher risk. If a borrower defaults on an unsecured loan, the lender cannot foreclose on the family home or business assets to recoup the lost funds. Term loans have a maximum loan term of 3 years. The loan is fully drawn with a fixed repayment schedule; therefore businesses can predict their payments each week. Funds can be utilised for any business purpose such as a cash flow boost, purchasing new stock lines, hiring more staff or paying out a creditor.
Line of Credit
This facility provides a more flexible approach to access funding. Firstly, the lender agrees on a credit limit. Then borrower can withdraw funds as they are needed, until the limit has been reached. Repayments are based only on the funds that have been withdrawn.
If you are ready to grow your business...
then we will be with you all the way
Hire more staff
Buy out a partner or spouse
Payout a Tax debt
Pay a demanding creditor
Launch a sales campaign
Do you qualify?
How do you apply and how is your application assessed?
Assessment is very different from secured bank lending. Each application is assessed on your creditworthiness rather than 2 years of tax returns and business financials.
Information extracted from banks statements provide a clear snapshot of your business as it stands today. Some other factors considered are briefly explained below.
Is your company’s working capital sufficient to repay current and future debt? Does the business owner/s have the ability to grow the business? Is the business reliant on only a few customers and how much of the revenue generated comes from these customers?
Has the business been trading profitably through a complete 1 year cycle. Does the profit margin make sense and are the associated expenses realistic? How can environmental or industry situations impact on your profitability?
Business accounts should be conducted to reflect good management practices. Therefore there should be none, or very few, dishonours or overdrawn transactions. If personal credit cards are used, ensure they are not over the limit and paid on time, every time. Accounts should always have sufficient funds available for debt payments, unexpected events and not drained each payday.
“So let’s do this together…because supporting entrepreneurs is our passion”
Getting to know you, your vision and needs are paramount. So to understand and advise, we like to have a chat.
Happy to obtain a quote? We email you an encrypted link to access your business bank statements… and then process begins.
Within 24 hours… all approved. T’s and C’s are emailed for you to approve, then funds are deposited into your nominated account.
It is important to note that if the loan amount is over $150,000 this may take a day or so longer.
Get in Touch
Scenario? Questions? Discuss an idea?