How can a loan help my business grow?
Short-term funding solutions
If you are looking for a short-term lending solution for your business, there are fantastic new options in the market to allow you to borrow $5k to $150k over a 2-3 year period.
Fast turnaround of funds is the key feature of business investment loans, so you can quickly take advantage of that next opportunity for your business to grow. These facilities are priced higher due to risk. However, in most cases, the gain of funding the business needs far outweighs the cost of the facility.
Our lending providers can quickly and effectively analyse your business turnover, and once approved, you will have the money in your account within a couple of days. Traditional lenders can sometimes take up to 6-8 weeks to process an application for longer-term funding, whereas short-term funding can immediately serve a vital business need.
What criteria do I need to meet to qualify for a short-term business loan?
Although short-term business loans are great options for businesses, not everyone is eligible. A few things lenders look for from businesses are:
- Last three tax statements to demonstrate revenue. statements too.
- Six months of bank statements.
- Draft business financial information.
- Explanation of loan purpose. (e.g. new staff members).
- How long you’ve been in business. Most lenders prefer companies that have been operating for at least 12-24 months.
Financing your business
Invest time into your business finances. Our business finance guide unpacks everything you need to know about financing your business.