Short-term Business Finance

Unsecured Business Loans from $10K to $1 million.
Fast settlement!

No Security

100% business revenue lending. No collateral. Protect your assets

No Financials

Electronic upload of business bank statements for last 6-12 months

Non-bank Alternatives

Flexible loan terms 3 to 36 months. Multiple Options from 7% pa

Short-term business finance

Benefits of Unsecured Business Loans

Unsecured business loans are now easily available as cash flow loans, from short-term business finance to lines of credit to fast pre-payment of your invoices. The risk factor for the lender is high, so is the interest charged on short-term business finance, which is spread over a short-term of 3 to 24 months, have fueled the alternative business lending offerings of unsecured business loans in the small business market today.

Types of Short-term Business Finance

 

  • Unsecured business loans
  • Merchant Cash Advance
  • Unsecured line of credit
  • Trade Finance facility

Advantages of Unsecured Loans

 

  • High approval rate for small business owners, No security is required, protecting your assets.
  • New businesses under 2 years benefit with solid trading history, No financials needed.

Compare Short-term Business Finance

 

  • What type of loan facility suits your cash flow?
  • Can your business service unsecured debt?
  • Benefits of secured and unsecured loans.
  • Is a bank overdraft best in the long-term?

How to Qualify for Unsecured Business Loans?

  1. ABN and solid evidence of trading over 9 months
  2. Electronic upload of 6-12 months business bank statements
  3. Notification of other unsecured business loans outstanding
  4. Good credit score 400 plus
  5. 100 PT business owner identification
  6. Asset and Liability statement for applications above $100K
unsecured business loans hospitality
Unsecured Business Loans Agri-business
Unsecured business loans medical
unsecured business loans beauty

Working Capital Enquiry for
$25K to $1 million

    A valid company name or ABN number is required
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    This is not an application, no credit check.

    We can help

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    Cannot provide collateral

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    No Pre-sales

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    Cash Flow is seasonal

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    Shipping or supplier delays

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    Its good to plan

    Short-term Business Finance

    The Good
    The Bad
    The Plan

    Are Short-term Loans Good?

    One of the primary reasons of accessing unsecured business loans is the ease-to-meet requirements. There is no need to put up your home or other assets to meet traditional bank requirements.  When applying for short-term business finance, the business must show trading history with a decent credit score.

    They can be used for any business purpose and are very flexible for new business owners. Find a lender where their payments schedule suits you, such as daily, weekly or monthly, and see if any adjustments to the payment term can be made. It is very important that the business can afford the repayments. To maintain your good credit rating.

    What is the Cost of Short-term Finance?

    The biggest downside of short-term business finance is the high cost of the unsecured loan where mostly security is not taken. Compare this to loans such as real property, vehicles or equipment, where the assets secured the loan.

    The higher interest rate is more prevalent on large amount of money advanced over a shorter timeframe such as 12 months, and interest is capitalized. If you take short-term business finance, you need to ensure the benefit to the money will far out ways the costs.

    The Short-term Business Plan

    Understanding how to use unsecured business loans and manage your cash flow is very important. Your financial plan should include various funding options to support daily, weekly or monthly repayments based on funding types.

    As the approval is based on the business cash flow, most reputable short-term lenders will calculate your ability to repay the loan within the term. However, the lender is not running your small business, and you are solely responsible to manage the cash-in and cash-out ratio, to ensure good financial management of your short-term business finance strategy.