Cigno Business Solutions Business Loans

Cigno Business Solutions is an online lender that aims to help business owners get the cash they need to drive their business. Their pricing structure is simple, and they’ve scrapped all the paperwork in favour of a streamlined, data-driven application process, making it easy for business owners to get their hands on extra funds.

Cigno Business Solutions business loans - what you need to know

Thinking of getting a business loan but not sure how much you need exactly, well Cigno Business Solutions allows flexible borrowing that might fit your exact needs. Check out the features, fees, rates and processes that are involved with a Cigno Business Solutions business loan below.

FAQs about Cigno Business Solutions

How are Cigno’s interest rates determined?

When you take out a loan with Cigno, you’ll know exactly how much you’re paying. They charge a flat fee that amounts to 5% of what you borrow, which is then paid back as part of your usual repayments.

What fees are there?

There are actually two ways to borrow with Cigno. If you ask them to put you directly in touch with the lender, you shouldn't pay any fees other than the 5% flat interest rate. However, if you choose to secure your loan through Cigno Business Solutions premium service, you'll pay establishment and management fees as well. The benefit is you can often get your loan much quicker doing it this way. 

How does the Cigno approval process work?

Cigno doesn’t ask for much from business owners. All you’ll need to provide are some basic contact details and a registered ABN number, plus a 90-day bank statement for your business so they can assess its standing. Cigno will then decide how much they can responsibly lend you, and if you’re deemed capable of making the repayments you should have the amount within 2 hours.

What do I need to be eligible?

You don’t need to be a well-established business to qualify for a loan. All you need is to have a registered ABN and be able to show revenue of at least $10,000 a year for your business.

What features should I know about?
Unsecured Loans

Cigno offers unsecured loans, meaning you won’t have to put up property or assets as collateral. This removes a big hurdle many business owners face when applying for a loan.

Fast application

As a business owner you’re probably strapped for time. After all, few things are more demanding than trying to keep a business afloat. So Cigno has replaced all the usual forms and meetings with a quick and easy online application process that should only take minutes to complete.

No need to check credit score

Cigno doesn’t require your credit score or credit history when processing your application. The main thing they look at is the strength of your business.

Under 24 hour approval

If an opportunity to grow your business has presented itself and you don’t want it to pass you by, you can be confident you can get the money you need without hassle. As long as you’ve provided all the necessary information and Cigno has accepted your application, you can expect to receive your funds within 2 hours.

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