Frequently Asked Questions
HOW MUCH CAN I BORROW?
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?
WHAT DOCUMENTS DO WE NEED TO PROVIDE?
6 months business bank statements.
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?
are there fees and interest rates?
There are no hidden fees and interest rates / charges for our business loans.
We have no application fees, set up costs, early termination penalties or account keeping fees. We offer a low, flat fee structure that is paid off with your weekly or monthly 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.
HOW LONG DO I HAVE TO REPAY THE LOAN?
Our loan terms are generally between 3 – 18 months. However, each application is considered on a case-by-case basis to work with your industry and the cash flow of your business.
CAN I GET FUNDS TO START A BUSINESS?
No. You need to be trading for a minimum of 6 months and have records of consistent sales. However, if you are already trading and would like to purchase an additional franchise or open another location we can help.