Frequently Asked Questions
HOW MUCH CAN I BORROW?
Between $10,000 and $200,000. As a general rule we can fund up to 100% of your average monthly sales. So, if you average $30,000 per month in sales we could lend you up to $30,000.
DO I QUALIFY FOR A LOAN?
To qualify for a business loan with us, you need to:
Have owned your Business and been trading in the same location for at least 6 months.
Demonstrate a minimum turnover of $10,000 per month in total sales.
WHEN WILL I RECEIVE MY FUNDS?
Once approved, funds can be available within 24 hours. In some cases, same day funding is available.
WHAT DOCUMENTS DO WE NEED TO PROVIDE?
Completed application form – this can be done here.
Photo I.D for directors / borrowers
Note: If security is required we may request documents relevant to this.
DO I NEED TO PROVIDE SECURITY?
More than 80% of our loans are unsecured, however, a strong asset base can assist in increasing the approval rate and loan amount.
All loans over $100,000 require security.
ARE THERE FEES AND INTEREST RATES?
There are no hidden fees and interest rates / charges for our business loans.
We have no application fees or account keeping fees. We offer a low, up front flat fee and drawdown fee structure that is paid off with your weekly repayments.
You can access your monthly statement at no extra cost through your customer portal to keep track of your loan and manage your budget.