Business Loans
How it works
It’s said that you need money to make money and often, it’s true.
Whether you need the funds to buy stock, spend on advertising or marketing, expand operations, bring on new staff or capitalise on a promising opportunity, Business Fuel can provide the cash flow to fund your growth!
We understand that your time is valuable. Which is why our simple online application keeps the process streamlined with minimal documents required. If you’ve been operating for more than 12 months and process at least $10,000 a month you could be eligible for a Business Fuel Loan.
Our business loans can be funded in 24 hours or less with 6-36 month terms and convenient weekly repayments.
Business Fuel is the fast, simple and effective alternative to traditional business lending. You speak directly to the decision makers who can tailor our product to suit your unique business needs.
If access to capital would help your business thrive, complete our online application form today. We’ll be in touch to discuss how we can assist.
Frequently asked questions
Contact usHow much can I borrow?
Between $10,000 and $500,000. 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 12 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?
- 6 months business bank statements.
- Completed application form.
- Photo I.D for directors / borrowers.
Note: If security is required we may request documents relevant to this.
Do I need to provide security?
Most of our loans are unsecured, however, a strong asset base can assist in increasing the approval rate and loan amount.
All loans over $200,000 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.
How long do I have to repay the loan?
Our loan terms are generally between 6 – 36 months. However, each application is considered on a case-by-case basis to work with your industry and the cash flow of your business. There is no penalty for early payouts.
Can I get funds to start a business?
No. You need to be trading for a minimum of 12 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.
How do I get started?
Simply use the apply now button on this page or phone 1300 660 681 to speak to one of our experienced Lending Managers today!