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.
9.90% p.a.
3%
$0.00
$100.00
$0.00
Line of Credit
Unsecured
$5,000
$100,000
3 months
2 years
Weekly, Fortnightly, Monthly
Principal & Interest
1 year
$40,000
10 Minutes
24 Hours
24 Hours
no
no
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 lines of credit come with a single flat rate of 9.90% p.a. - simple, right?
The good news for small businesses is that Bromleigh doesn’t charge any ongoing fees with its loans. However, there is a 3% upfront fee, a $100 fee for late payments and a $100 exit fee.
Bromleigh believes 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 driver's 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:
Bromleigh offer both secured and unsecured business loans from as little as $5,000 all the way up to $100,000. And aside from traditional loans, businesses will even be able to take up an ongoing line of credit of up to $100,000, and they’ll only need to pay anything once they actually start using that credit.
If you thought the Bromleigh business loans 10 minute online application process was fast, you’ll be even happier to know that your business could be approved for a loan and even receive funding in as little as 24 hours.
Whether you’re just after a quick loan to cover a new purchase or an ongoing line of credit which you’ll be able to dip into over time, Bromleigh offers a range of loan terms to suit your own businesses needs. Loan repayment terms start from a minimum of 3 months and go up to 24 months.
Aside from regular secured and unsecured loans, Bromleigh are also happy to provide industry-specific business loans to meet the funding needs of everyone from those in the agricultural sector to entrepreneurs.