BusinessLoans.com.au is an online lender that offers numerous types of business loans to fulfill your business’ needs. Founded in 2016, BussinessLoans.com.au helps Australian SMEs get the financing they need to help establish and expand their business.
BusinessLoans.com.au provides line of credit loans, secured loans and equipment financing, for a wide range of business needs. We’ve collected some of the important need-to-knows about the different loans they offer, the features, fees, application process and more below.
from 0.87% per month
$3.85 weekly direct debit fee
Principal & Interest
within 24 hours
within 24 hours
Minimum 9 months business trading and minimum $120,000 annual turnover or $10,000 per month of sales.
The standard, off the shelf business loan doesn’t allow for your business to get the best interest rate it can. BusinessLoans.com.au makes sure to analyse your business’ finances, operations and intentions, as well as your own personal credit history to determine your rate. Rates also vary depending on the type of business loan you’re getting.
BusinessLoans.com.au comes with a bunch of fees that vary depending on what loan you’re getting. However all the loans come with a drawdown fee, direct debit fee, late payment fee and if you default there is a daily interest charged on your loan.
BusinessLoans.com.au has a quick and easy online application process that starts with you answering simple questions about yourself and your business.
If you are applying for less than $100,000, as well as the application you’ll have to provide:
-6 months worth of bank statements
If you are applying for more than $100,000 as well as the application you’ll also have to provide:
Businessloans.com.au is interested in making sure every Australian SME gets the funding it needs. That’s why they come with 2 simple requirements