Bromleigh Capital is an online business lender whose sole purpose is to match Australian small businesses with the funding they need. Founded in 2018 and based in Melbourne, Bromleigh offer a range of secured, unsecured and even industry-specific business loans over an easy-to-use online platform.
Looking to take your small business to the next level with the help of some extra funding? Bromleigh try to make their loans as transparent as possible when it comes to rates and costs, so check out the features, fees and everything else you’ll want to know about a Bromleigh business loan in the table below.
from 9.90% p.a.
Principal & Interest
At Bromleigh, rates are not only simple to understand, they’re upfront too - which means you’ll know exactly how much you’ll be paying even before you apply. Bromleigh business loans come with fixed rates that vary depending on the length of the loan and the type of repayment schedule you choose, with interest rates starting from as low as 7.90% p.a.
The good news for small businesses is that Bromleigh doesn’t charge any application or ongoing fees with its loans, however, there is a $100 fee for late payments as well as a $100 exit fee.
Bromleigh believe that applying for a business loan shouldn’t be a chore, which is why businesses are able to apply online in just 10 minutes. You’ll just need to supply a few simple bits of information such as a drivers licence and email address, as well as business information like your ABN and the time your business has been in operation. And if you’re successful, you may be able to get approval in just 24 hours.
In order to be approved for a Bromleigh business loan, Australian businesses will need to meet a number of minimum requirements including: