Founded in 2012, Business Fuel is a Queensland-based online lender. Determined to provide Australian small businesses with the access to funding they need to grow, Business Fuel makes applications as easy as 1, 2, 3 through their streamlined online platform.
If you’re a small business looking to take the next step with the help of a business loan from Business Fuel we’ve made it easy for you to get a clear picture of what’s on offer. Read through the terms, fees and features in the table below so you can decide whether a Business Fuel loan is the right option for you.
Secured or Unsecured
Principal & Interest
Single Fixed Fee
Business Fuel doesn’t just offer a single ‘one rate fits all’ solution for their borrowers. Instead, you will be a provided with a custom loan rate upon application which is based on your business’s current financial standing and future plans.
With no upfront, ongoing, early repayment or exit fees on their loans, Business Fuel aims to make things straightforward for businesses. The only fee you’ll be liable for is a $25 fee for any late payments.
You can apply for a business loan with Business Fuel in as little as five minutes. You’ll just need to supply a few simple details along the way, and you can either do it online through their quick application form or over the phone with a Business Fuel specialist.
Aside from providing an ABN or ACN number during the application process, in order to be eligible for a Business Fuel loan your business must have been trading in the same location for at least six months and it needs to have a turnover of at least $10,000 in total sales per month.
Whether it’s a smaller loan to solve a cash flow problem or a larger loan to fund the purchase of new equipment, Business Fuel can provide the right level of funding to meet your business's needs. That’s why they offer loans from as little as $10,000 all the way up to $200,000.
Business Fuel knows that running a small businesses is a hugely time consuming process all by itself, which is why they offer a streamlined application process that takes as little as five minutes to complete. Plus with funding approval in as little as 24 hours, you’ll be able fund your business needs in no time.
It can often be difficult for businesses to secure the funding they need without without a large asset to offer as collateral. But with more than 80% of their lending coming in the form of unsecured loans, Business Fuel provide businesses with more flexible lending options.
As easy as it is to apply for a business loan online, it can also sometimes be a complex and stressful exercise. That’s why Business Fuel’s dedicated support team are there to talk you through the process over the phone and answer any of your questions.