Alternative Financing has grown in Australia by 88%; and the reason is that it is making it super easy to get small business loans. For anyone who’s held back from trying because it appeared too hard, we’re busting this myth for you:
The myth about small business loans in Australia
Many will have you believe that the tiniest blemish in your character or your business-risk-factor can have lenders escort you outside the premises.
That’s not true.
- Firstly, business loans can be taken in many shapes and sizes; not all of them require substantial collateral, high interests or lengthy paperwork.
- Secondly, with the growing adoption of alternative finance that focuses on getting small businesses up and running, it is a 21st century myth that getting a loan out here is hard.
Source of the Myth: The Traditional System
Business Loans for a very long time have only been acquired through traditional systems; the ones that majorly consist of large banks.
Here is where the myth comes from. The tiring procedures filled with arduous paperwork has made people believe that getting a simple business loan is a draining endeavour.
These strict and hectic procedures are only true of the banks that are required to follow them and is not true of alternative financing. Now you know.
Alternative Financing For The Win
Alternative financing is starting to emerge as the real king for those looking at small business loans. It is an improvement upon the red tape of traditional systems and does away with getting “all up in your business.”
One of the best things about this method of financing is that by doing away with the strenuous formalities, due importance is laid on the exact needs of your business, and how you can best finance them.
Read related blog: How Alternative Lenders are taking over the Online Business Loan marketplace
Applying with Alternative Financing:
No more smudgy documents; we’re going paperless. That’s right, and alternative financing is simple enough that you can get started online in just a few clicks. We are eager for you to get your loan super quick with Hubbe and that’s exactly why we’ve made a three-step process.
You can even finish enquiring with us in the next few minutes!
Read related blog:
Advantages Of Borrowing From An Alternative Lender
Hubbe’s Alternative Financing for Small Business Loans
Here’s what we can further get done for you: Hubbe helps you get an unsecured business loan of up to $150,000; without you having to provide us with any collateral for security. You’ve literally only got to share with us your bank statements for the last 6 months and that’s it.
The Variety with Hubbe
We have for you a collection of loan options that can be tailored to any business need of yours:
Having trouble with customers paying invoices on time? We won’t let it affect your cash flow with our Invoice Finance.
Business Vehicle Loan
Need a company car, a work van or a whole new fleet? Our car finance experts save time and money by sourcing you the right finance.
Business Line of Credit
We’ve designed line of credit as a safety net for you so you can focus on your business without worrying about day-to-day finances.
Secured Business Loans
Up to $500,000 in secured loans can be in your business account tomorrow with our 24 hours approvals.
Unsecured Business Loan
No collateral for up to $150,000. Just apply for unsecured business loans and our experts get back to you within hours.
Business Equipment Finance
From forklifts and excavators to software and IT equipment, we will sort you out anywhere between $5,000 – $50,000; just tell us what you need.
Start With Us
Alternative finance is all about returning focus on the benefit of the loans rather than the difficulty of receiving one. Go ahead and apply, we’ve already shown you how easy it is!
Did this help you bust the myth about how to apply for small business loans? Check out more here.