Unsecured Business Loans
Looking for fast access to funding for your business with minimal requirements then this could be a fit. Approvals generally only take 24 hours and funding within 72 hours from application.
For businesses or companies that have been established for over 12 months an unsecured Business Loan or Overdraft can provide much needed support to a company. These facilities can work in conjunction with pre-existing funding lines without the need for a charge over the business or additional collateral security.
This type of funding has an assessment and focus on the companies trading bank accounts as opposed to traditional financials.
Funding lines up to $500,000 are available based on the following metrics:
- Time in business
- Income evidenced in bank statements
- No financier defaults
- Clear credit check
As a guide, funding lines are based on 1 – 1.5 times the average monthly income.