Quick finance: How to get a business loan before the holiday season hits

Tom Watson

11 Nov 2019

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Believe it or not, Christmas and the holiday season are just around the corner. 

For many businesses, the holiday period is the most important time of the year because, according to Roy Morgan, Australians spend tens of billions of dollars on food, hospitality, clothing and household goods each Christmas - $51.5 billion in 2018 alone! 

If you own a small business, chances are you’re already thinking about the best way to capitalise on the surge in spending over the holiday season - perhaps by purchasing more stock or hiring more staff.  

Whatever your strategy is, you might need some extra finance to make it happen. 

With simple applications and super-fast funding, an online business loan could be the hassle-free solution to securing the finance you need before the busy holiday period begins.

Ready to look for yourself? We’ve made life easy by wrapping up some of the hottest business loans with lightning fast applications and funding for Australian businesses.

QUICK BUSINESS LOANS

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Prospa Business Loan
  • 10 minute applications

  • Funding from 24 hours (once approved)

  • Borrow from $5,000 to $300,000

If sourcing some pre-Christmas finance is high on your to-do list then you might want to consider an unsecured business loan from Prospa. With simple interest rates between 9.90% and 26.5% for a 12 month term on loans between $5,000 and $300,000, securing a loan from Prospa could be as easy as filling out a 10 minute online application then receiving funds in your bank account in just 24 hours (from approval).

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Moula Business Loan
  • Receive funds in 24 hours from approval

  • Apply in ten minutes

  • Loans between $5k-$500k

Sometimes you don’t have time for paperwork and lengthy applications - especially in the lead up to one of the busiest trading times of the year. That's why applying for a Moula Business Loan takes just ten minutes, with funds hitting your bank account in as little as 24 hours once you’re approved. Moula’s loan also features zero upfront or ongoing fees, rates from 0.61% per fortnight and borrowing amounts from $5,000 to $500,000.    

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Lumi Unsecured Business Loan
  • Same day funding after approval

  • Online applications take just minutes

  • Loan amounts from $5,000 - $200,000

Fast funding and zeros fees? That’s what Lumi’s Unsecured Business Loan is all about. With rates from 16% p.a. and no upfront or service fees, eligible businesses will be able to borrow anywhere from $5,000 to $200,000 if they’ve been trading for six months or more. Better still, Lumi have taken the hassle out of applying with ten minute applications and same day funding once you’ve been approved.

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OnDeck Short Term Business Loan
  • 10 minute online application

  • Funding from 24 hours after approval

  • Borrow between $10k and $250,000

In need of a short term loan to capitalise on the Christmas and end of year rush? OnDeck’s Short Term Business Loan may be just the solution with personalised rates on loans from $10,000 all the way up to $250,000 for 6-24 month terms. Need it in a hurry? OnDeck have you sorted with a simple ten minute online application process and funding in as little as 24 hours from approval.

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GetCapital Flexible Business Loan
  • Receive funding in just 24 hours (once approved)

  • Online applications in as little as 10 minutes

  • Unsecured loans between $10k-$500k

Get Capital’s Flexible Business Loan is all about providing businesses with the finance they need in order to hit their business goals - whether that’s prepping for the 2019 holiday rush or hiring new staff in 2020. Eligible businesses will be able to apply for an unsecured loan between $10,000 and $500,000 over terms of six months to one year. And with a 10 minute application process and funding within 24 hours (once approved) you could have access to funds in no time!

Keen to look at even more financing options? Head on over to Mozo’s dedicated business loans comparison tables for a range of offers from both bank and online lenders.

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