Unsecured Business Loans
A faster way to access finance for everyday expenses.
Unsecured business loans are a relatively new option for businesses that need to get access to some extra funds. The obvious benefits of this type of finance is the speed in which access is granted to the finance, with simplified application process. This may allow you to quickly take care of cash flow, cover urgent expenses, or make the most of an opportunity.
In recent years, a number of agile, financial technology (fintech) lenders have entered the finance market in Australia. These more non-traditional lenders can turn around approvals and deposit cash into your account in as little as 24 hours. Because they are unsecured the application is simpler and the loan amounts are often smaller – usually anywhere from $5,000 to $250,000. It also means there is greater risk to the lender so the interest rates may be relatively higher and the loan terms a lot shorter, with principal and interest repayments generally on a weekly basis but sometimes even daily.
While the access to funds can be handy, it’s important to weigh up the repayment terms and amounts to make sure this short-term cash injection helps your business over the short and medium-term.
OUR LOCATIONS
Brokerhouse – Shepparton
54A Wyndham Street
SHEPPARTON VIC 3630
Tel: 03 5831 6699
Brokerhouse – Echuca
2/210-212 Pakenham Street
ECHUCA VIC 3564
Tel: 03 4400 9110
Brokerhouse – Bendigo
112-114 High Street
BENDIGO VIC 3550
Tel: 03 5443 8437