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Frequently Asked Questions

You can receive funding within 2 business days, provided you have submitted all the requested supporting documentation and information.

For loans of $150k or less

  • Driver’s Licence
  • 6 months business bank statements.

For loans of $150k to $300k

  • Drivers Licence
  • 12 months bank statements
  • Interim & audited company financials (Balance sheet & Profit & Loss)
  • Accounts payable & receivables ledger

Loan terms typically range from 3 to 12 months, providing flexibility based on your financial needs and repayment capability.

At Hubbe, we provide various loan types, including secured loans, unsecured loans, lines of credit, construction loans, equipment loans, commercial loans, invoice financing, and more, to cater to different business needs.

To get a low-interest, low-doc loan, all you need to do is apply through Hubbe’s streamlined application process. Our experts will help you navigate the whole process and ensure that you get the funds at the terms that best suit your business.

Hubbe offers flexible repayment terms tailored to your business’s cash flow. This includes fixed daily or weekly payments that help you plan your finances without surprises.

The minimum turnover requirement varies depending on the type and loan amount, but typically, businesses need to demonstrate steady financial activity that ensures repayment capacity.

Yes, at Hubbe, we prioritise data security and privacy. We employ advanced security measures that protect your personal and financial information from unauthorised access.

Business loans from banks typically have stricter eligibility criteria and longer processing times compared to specialist lenders. Specialist lenders offer more flexible terms, faster approvals, and cater to clients with unique needs.

To qualify for a small business loan through Hubbe, you need to demonstrate a stable business operation and meet certain financial criteria that show your ability to repay the loan.

Yes, Hubbe also offers unsecured business loans, which means you can obtain financing without providing collateral.

Bank statements are essential to verify your business’s financial health and cash flow, helping lenders assess your loan repayment capability.

Yes, Hubbe allows early repayment of business loans, and doing so can often reduce the total interest paid without incurring penalties.

Hubbe offers tailored financial solutions whether you’re looking to expand your existing business or launch a new one. We provide expansion loans to help grow your operations and increase market presence, as well as startup loans designed to give new businesses the capital they need to begin operations efficiently.

Yes, Hubbe facilitates your business loan application directly. Working with Hubbe streamlines the process, leveraging their expertise and relationships with various lenders to enhance your chances of approval and secure the best possible terms for your loan.

To apply for a business loan online with Hubbe, simply fill out the online application form on our website, providing the necessary business details and financial information, and then submit it for review or call us at 1800 86 4769.

An unsecured business loan is a financing option that does not require collateral. It’s based on your business’s cash flow, making it ideal for firms that do not want to risk their assets or are without significant physical assets.

Unsecured loans are ideal for businesses needing quick access to funds without risking assets as collateral. They offer flexibility and ease in obtaining capital, enabling businesses to react swiftly to opportunities or financial needs without asset security concerns.

The application procedure for unsecured loans is quick and straightforward, typically taking about ten minutes to complete. Hubbe’s approval times are swift, often within 24 hours, allowing businesses to plan and execute their growth strategies without delay.

To qualify for an unsecured loan, businesses must have been trading for at least 6 months and have a minimum average monthly turnover of AUD 10,000.

No security or collateral is required for unsecured business loans at Hubbe; decisions are based on business performance and revenue.

The interest might be fixed or variable, depending on the specific loan product and lender terms, providing flexibility in repayment.

While no collateral is required, a personal guarantee might be necessary to secure an unsecured loan, depending on the lender’s requirements.

Hubbe offers unsecured loans ranging from $5,000 to $500,000 with terms from 3 to 24 months, catering for a variety of business needs and situations.

A business line of credit is a flexible financing tool that allows businesses to draw funds up to a predetermined limit and pay interest only on the amount used.

A business line of credit provides a set credit limit that businesses can draw from as needed. Funds can be accessed up to this limit at any time, and interest is only charged on the amount actually used, not the entire credit line. This flexibility makes it a convenient financial tool.

The main advantages include flexibility in borrowing, paying only interest on the amount used, and being able to reuse the credit line once it’s repaid.

The borrowing limit varies based on the lender’s assessment of your business’s financial health, typically ranging from a few thousand to $150K.

New businesses might find obtaining a line of credit challenging due to a lack of credit history. For a business to qualify for a line of credit, it must have been trading for at least six months.

Lenders usually review the business’s credit history and the owner’s personal credit, focusing on factors like payment history and existing debts.

Your business line of credit repayments vary based on the amount you borrow. The more you draw, the higher your repayment amount will be.

Invoice Finance allows you to use your unpaid invoices as security to borrow money for your business. If your business invoices other businesses or government organisations and these invoices are outstanding, you can qualify for this type of finance.

When a company sells its invoices to a third party at a discount, it is called factoring. This provides businesses with immediate access to cash flow without having to wait for customer payments.

Invoice financing often involves borrowing against invoices as collateral, with the business still responsible for collections, whereas invoice factoring involves selling your receivables to a factor who then manages the collection.

The best type of finance depends on your business’s cash flow needs, customer payment cycles, and financial stability. Invoice financing is best for businesses that need immediate cash and have reliable customers with longer payment terms.

Typically, businesses receive a cash advance within 24 to 48 hours after the invoice is sold to the factoring company. This rapid turnaround is crucial for maintaining liquidity.

For invoice financing, the unpaid invoices themselves serve as collateral. You generally do not need to provide additional collateral, but you may need to demonstrate a history of transactions and customer reliability.

One should be aware of the fees associated with invoice funding, the impact on relationships with your customers, and the criteria for invoices that can be financed, such as minimum amounts and customer solvency.

Yes, small businesses should expect fees such as factor fees (a percentage of the invoice amount) and possibly additional charges like service or administration fees, depending on the terms with the factoring company.

A merchant cash advance (MCA) is suitable for businesses with high credit card sales volumes, such as restaurants, retail stores, and service companies. It’s particularly beneficial for businesses that need quick access to capital and prefer flexible repayment terms aligned with their sales activity.

A loan usually involves fixed repayment terms and interest rates, while an MCA provides funding in exchange for the business’s future credit card sales. This means that repayments fluctuate with sales volume, offering greater flexibility with variable revenue.

A merchant cash advance is unsecured. The approval does not require collateral but is based on future sales projections.

Repayment of an MCA is tied directly to your business’s daily credit card transactions. A predetermined percentage of your daily credit card sales is deducted to repay the advance. This method ensures that repayment aligns with your business’s cash flow, offering flexibility during periods of varying sales volume. This automatic deduction continues until the full amount of the advance, plus any fees or charges, is paid back in full.

If you need fast access to capital, have strong card sales, and can manage variable repayments, consider a merchant cash advance.

No, taking a merchant cash advance doesn’t directly affect your credit score unless the provider mandates a traditional credit check.

This might lead to financial penalties, increased fees or legal action. It is important to communicate with the provider if you are facing difficulties.

To apply for a merchant cash advance, fill out the form provided on our website or simply call us at 1800 86 4769.

Equipment financing is typically secured, with the equipment itself serving as collateral for the loan. This reduces the lender’s risk, allowing for potentially better terms and rates for the borrower.

Yes, equipment finance is generally tax deductible.

The main types of equipment financing include:

  • Equipment loans, where you own the equipment at the end of the term.
  • Leasing options are where you rent the equipment for a set period.

You can finance various assets with equipment financing, including industrial machinery, office equipment, vehicles, and technology. Most tangible assets used for business purposes are eligible.

In equipment financing, the funder typically pays the supplier directly. Once the agreement is in place, the financial institution disburses the funds to the supplier against the invoice for the purchase.

To get a quote for equipment financing, contact Hubbe. We will connect you to the lenders that offer equipment loans or leases and help you navigate easily throughout the process.

During the finance period of an equipment loan, the borrower typically owns the equipment. However, the lender may place a lien on it as security for the loan. In contrast, for an equipment lease, the lessor or the financing company retains ownership of the equipment for the lease term, and the lessee has the option to purchase, return, or extend the lease at the end of the agreement.

Whether you need an equipment lease or loan depends on your business’s needs and financial goals. Leasing can be suitable for equipment that quickly becomes outdated, while loans might be better for long-term use assets.

A business vehicle loan improves your operational capabilities by enabling the purchase of transportation assets without depleting cash reserves, helping maintain liquidity and business performance.

A low-doc vehicle loan caters to individuals with limited proof of income, like self-employed or small business owners, providing financing with minimal paperwork.

Yes, many lenders, including Hubbe, offer financing options that can cover the entire price of the vehicle, enabling businesses to preserve capital for other uses.

Loan approval times can vary, but with Hubbe, the process is typically quick, often within 2 business days, provided all necessary documentation is complete.

Yes, self-employed individuals can obtain vehicle loans, especially through products like low-doc loans, which are designed to accommodate less conventional income verification.

Business vehicle loans can typically be spread over the term of 12 to 60 months, depending on the lender’s policies and the borrower’s needs and creditworthiness.

While specific fees can vary by lender, applying for business vehicle finance may include application fees, origination fees, or processing charges.

For most business vehicle loans, the vehicle being financed usually serves as collateral. This secures the loan, potentially lowering interest rates and influencing approval.

To re-apply for a business loan with Hubbe, you’ll typically need updated business bank statements, recent financial statements, and proof of ongoing business performance.

Upon reapplying, the amount you qualify for will depend on your business’s current financial health, repayment history, and any growth since your last application.

Yes, you can obtain loans from Hubbe and other lenders simultaneously, provided you meet each lender’s debt servicing and credit criteria.

Existing Hubbe customers might qualify for reduced rates on subsequent loans, especially if they have a solid repayment history and strong business performance.

You can check the balance of your business loan through Hubbe’s client portal or by contacting their customer service directly for an update.

Repayments typically consist of fixed monthly amounts that include principal and interest, calculated based on the loan amount, term, and the agreed interest rate.

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