An unsecured business loan is a loan that requires no collateral and utilises a financial product that lends against the cash flow of your business.
Invoice Finance allows you to use your unpaid invoices as security to borrow money for your business. Provided your business is invoicing other businesses or government organisations, and these invoices are outstanding, you can qualify for this type of finance.
Funding can be done in 2 business days provided that all the supporting documentation and information is provided when requested.
No Collateral or Security is required and your application is assessed on your revenue. Loan approvals to small businesses are based on business fundamentals like cash flow, not based on the value of business assets.
Automatic Daily or Weekly Fixed payments are scheduled to manage your cashflow better.
Business should be trading at least 12 months and generating an average monthly turnover of AUD 10,000.
For loans of 150k or less – Drivers Licence and 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.
The term of the loan is usually between 3 and 12 months.
The total payback amount of the loan is determined during the credit assessment after which you will be advised of how much you can borrow, repayments, any fees and interest. The interest rate for an unsecured business loan depends on the strength of the business, the experience of the owner, and the business’s operating cash flow.

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* Lowest rate is 9.9% p.a. simple interest rate. It uses a risk-based pricing model to determine applicable rates using factors such as industry, years in business, cash flow and creditworthiness. Rates for small business loans range from 9.9% to 26.5% p.a. simple interest rate. The lowest rate is only available to applicants with the strongest cash flows, business experience and credit ratings. A $10,000 12-month loan with a simple interest rate of 9.9% p.a. would have a total repayment amount of $10,990 and an Annual Percentage Rate of 17.5%. Approval is subject to credit assessment. Fees, terms and conditions apply. These rates apply to small business loan product only.

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