FAQ
Frequently asked questions
The questions we hear most, answered without the jargon.
Speed
How fast can a business loan be funded?
Same-day funding is possible for smaller unsecured amounts. With property, $20k to $250k is possible same day and up to $5m is possible within 24–48 hours, once the file is complete. These are possible, not promised.
What slows a fast loan down?
Usually things on the borrower's side: statements that can't be linked, a director who isn't available to sign, no invoice or quote, unlodged BAS, or unknown property details.
Is same-day funding available on weekends?
Rarely. Most lenders and banks release funds on business days, so an enquiry early on a weekday gives the best chance.
Can funds go straight to my supplier or repairer?
Often, yes. Paying the invoice directly can help release goods or get a repair started sooner.
Situations
My equipment broke down. What are my options?
An unsecured loan paid to the repairer suits most repairs. For a full replacement, finance secured on the new equipment can cost less. Read our page on equipment breakdowns.
Can I borrow to pay wages?
Yes, but borrow only what the wage run and super need. If the gap repeats, a cash flow loan or line of credit usually fits better than repeated short loans.
Should I borrow to pay an ATO debt?
Check whether the ATO will agree a payment plan first. If not, or if the debt keeps growing, a loan can be worth comparing. Lodge any overdue BAS before applying.
A big order landed but I can't fund the stock. Can you help?
Often. A signed purchase order or contract shows the lender where repayment will come from, which helps a lot.
Amounts and security
How much can I borrow?
Unsecured and cash flow loans for trading businesses typically run from $5,000 to $500,000, sized on turnover and bank statements. Property-secured business loans run from $20,000 to $5,000,000.
Do I need property?
Not for most smaller unsecured loans. Property helps with larger amounts, very tight deadlines, newer businesses and credit issues.
Can I get fast funding with bad credit?
Often. Past credit issues are considered case by case, and property-secured options are the most flexible. Tell us about it up front.
Why don't you publish interest rates?
Every business loan is priced on the borrower's situation, security and term, so a published figure would be wrong for most people. You'll see the full cost before you sign anything.
Enquiring
Does enquiring affect my credit score?
No. There's no credit check when you first enquire. A check only happens if you decide to go ahead with an application.
Will my details be sent to lots of lenders?
No. One person works on your enquiry and goes to the lender that fits.
Why does filling in the form accurately matter?
Because it decides which route and lender we start with. Accurate details are what let us move quickly.
Is this for personal loans?
No. Everything we arrange is for business purposes only.
Still got a question? Ask us directly.
See what your business could qualify for
One short enquiry, no credit check when you first enquire, and a real person who calls you back with options that fit.
No credit check to ask
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