Unsecured business funding up to $500K. Start the online application process in just 5 minutes, and get access to funds within 24 hours once approved. Great for ABN registered businesses with an annual turnover of $200K+.
Unsecured business funding up to $500K. Start the online application process in just 5 minutes, and get access to funds within 24 hours once approved. Great for ABN registered businesses with an annual turnover of $200K+.
Unsecured business loans from $10,000 - $250,000, over 6 to 24 months. Online application takes only 10 minutes and you'll know if you're approved within hours. Apply now.
Unsecured business loans from $10,000 - $250,000, over 6 to 24 months. Online application takes only 10 minutes and you'll know if you're approved within hours. Apply now.
A straightforward business loan with no hidden Lumi fees or charges. Speedy application and approval process with fast access to funds according to Lumi.
A straightforward business loan with no hidden Lumi fees or charges. Speedy application and approval process with fast access to funds according to Lumi.
hornmoney's invoice finance system connects to your accounting software and draw down funds. There are no lock-in contracts. Get cash in your account in as soon as 24 hours. Paperless and hassle-free application. No hidden fees.
hornmoney's invoice finance system connects to your accounting software and draw down funds. There are no lock-in contracts. Get cash in your account in as soon as 24 hours. Paperless and hassle-free application. No hidden fees.
Business Loans from $5,000 to $600,000 with high approval rates. Access to funds in as little as 3 hours. Cash flow friendly repayments and open minded offers.
Business Loans from $5,000 to $600,000 with high approval rates. Access to funds in as little as 3 hours. Cash flow friendly repayments and open minded offers.
Waddle Invoice Finance connects with your accounting software to make managing cash flow easy. Get funds from your unpaid invoices with Waddle, a cash flow platform combining innovative tech with competitive rates and flexible terms.
Waddle Invoice Finance connects with your accounting software to make managing cash flow easy. Get funds from your unpaid invoices with Waddle, a cash flow platform combining innovative tech with competitive rates and flexible terms.
Prospa uses risk-based pricing to determine your interest rate, which can range from 9.9% - 26.5% p.a. simple interest. They look at factors including your industry, years in business, cash flow, creditworthiness and the overall financial health of your business.
Prospa uses risk-based pricing to determine your interest rate, which can range from 9.9% - 26.5% p.a. simple interest. They look at factors including your industry, years in business, cash flow, creditworthiness and the overall financial health of your business.
Fast, flexible business loans from $10,000 to $250,000. Great for businesses which have been trading for more than 6 months with a monthly turnover above $10,000.
Fast, flexible business loans from $10,000 to $250,000. Great for businesses which have been trading for more than 6 months with a monthly turnover above $10,000.
Increase cashflow by unlocking the power of your receivables with Octet’s Invoice Finance solution. Receive up to 85% of your debtor’s ledger with tailored facilities ranging from $100K to $10M.
Increase cashflow by unlocking the power of your receivables with Octet’s Invoice Finance solution. Receive up to 85% of your debtor’s ledger with tailored facilities ranging from $100K to $10M.
Finstead Equipment Loan with market leading rates and one dedicated specialist from start to finish. Tailored finance solutions with ongoing finance support.
Finstead Equipment Loan with market leading rates and one dedicated specialist from start to finish. Tailored finance solutions with ongoing finance support.
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Whether you’re looking to grow your business or kickstart a new project, a $100,000 loan could be a massive leg up getting you there. When it comes to finding the right loan for you, there are a number of factors to consider, like the interest rate, fees and other loan features. So if it’s your first time considering a business loan, here are a few things you’ll need to keep in mind.
While it’s one thing to have the dream of starting up your own business, having the funds to get that dream rolling is another. And if you’re like the many small business owners that don’t have hundreds of thousands of dollars stashed away in your business savings account, you might be considering another plan of attack.
Some of the most common uses of a $100,000 business loan include:
If you’ve never had take out types of business financing before, then you might not be aware of the type of business loans out there. Generally business loans come in two types: secured and unsecured.
Secured business loans often come with lower interest rates but in order to get that lower rate, you’ll need to put up an asset as security, like your home, car or business. So if you ever become unable to make your repayments, the lender will have the right to repossess your asset and sell it on your behalf.
But if you don’t like the idea of using an asset as collateral, you might want to consider an unsecured business loan. These are the more common type of business loan you’ll come across when you start shopping around. Just keep in mind that while you won’t be asked to provide security, unsecured loans typically come with higher interest rates.
Other common business loans you might see are short term business loans or equipment finance business loans. As you can probably tell by the name, a short term business loan is a temporary financing option - usually for business owners looking to give their business a quick cash injection. These also often exists as a line of credit to pay invoices.
An equipment finance business loan is a type of loan that can be used specifically to buy new equipment for a business. This could be because you’re looking to grow or expand your business or need to give your tools an upgrade.
Then once you’ve found the right loan for your business, all that’s let to do is apply You’ll typically have the money deposited into your account within 24 hours. Then you can put the money toward your business in whatever way you’d like.
Of course, $100,000 is no small amount of money, so you want to know that you’re eligible before you apply and while eligibility requirements differ between lenders, some of the more common requirements include:
It doesn’t take an expert to know that $100,000 is a decent chunk of change to be borrowing, so it’s important to look for a competitive rate when you start shopping around for business loans.
Business loans may be a little different to what you’re used to and one thing you’ll want to keep an eye out for is how interest is charged.
Depending on the lender, interest may be charged on a weekly, fortnightly or daily basis. And in some cases, there may not be an interest rate with the loan, as the lender could provide you with a customised interest rate if your application is successful.
Taking out a business loan could see you paying fees like:
Your loan may also come with a few handy repayment features, which can help you cut down on the amount of interest you pay.
For example, some lenders allow you to make additional repayments to your loan, getting you out of debt faster and saving on interest. And if you ever need that cash again for an unexpected bill, a redraw facility allows you to withdraw the money.
Once you’ve found the right business loan for you, it’s time to apply. The details you’ll need to submit an application will depend on the lender, however some of the more common documents you might be asked to provide are:
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