A relatively new player in the world of business loans, Beyond Merchant Capital only entered the market in 2016. They provide a variety of products to small and medium size businesses to help Aussie SMEs grow.
Interested in a Beyond Merchant Capital business loan? We’ve gathered a bunch of the need to knows, from their features to their fees; as well as some info on their rather unique merchant advances option.
from 1.00% per fortnight
Principal & Interest
within 24 Hours
from 24 hours
Variable Payment Structure in-line with your trading
Beyond Merchant Capital doesn’t have interest rates in the traditional sense. Instead, a single total amount is agreed upon as the amount you’ll need to repay. This amount is based on the type of business you operate and the finance term required.
Much like their unique interest rate system, Beyond Merchant Capital has a unique fee structure. They don’t have any upfront, exit fees or ongoing fees. What they do have is the factor fee; this is the amount you need to repay that’s not the initial loan amount.
For example, if your loan is $10,000 and you need to repay $10,800, then your factor fee would be $800.
All of the Beyond Merchant Capital application process is online, but you can call up and talk to one of their consultants if you need any help with any of the steps. With that said, to apply you’ll need to make sure you provide:
There aren’t a tonne of hoops that you need to jump through when applying for a business loan with Beyond Merchant Capital, but there are a couple - you’ll need: