Hubbe is an online marketplace for business finance solutions, specialising in connecting business owners to quick and flexible funding. The Sydney-based company was founded in 2017 after they realised that accessible flexible capital was still an issue for many SMEs.
Hubbe may not be your typical business loan lender, but they’re still committed to making sure you get the right business loan. So before you submit your application we’ve pulled together some of Hubbe’s features, fees as well as any eligibility requirements you’ll need to apply for a loan.
Weekly, Fortnightly, Monthly
Principal & Interest, Interest Only
While you can apply for a secured or unsecured business loan through Hubbe, they aren’t actually a business lender. In their own words, Hubbe is a ‘business loan and other business solutions facilitator’ and is responsible for connecting Australian SME’s with the right finance option.
Business owners can either give Hubbe a call for a free non-obligation consultation and even get approved for a loan over the phone. But if you prefer to keep things digital, you can also submit an application online, which they say only takes ten minutes to complete. All you need to do is provide the relevant documentation, like your drivers license and bank statements and you’re on your way!
Zilch. Nada. Hubbe does not charge any application, ongoing, transaction or even any late payment fees. Just keep in mind that the lender you are matched with may charge fees.
In order to be eligible, your business will need to have an annual turnover of at least $75,000 and have been trading for at least six months.
No matter whether your business plans are modest or grand, Hubbe can help make it happen with loan amounts starting from $5,000 and reaching up to a whopping $25,000,000.
If you’re pressed for time and need funding as soon as possible, you’ll be happy to know that the lender Hubbe matches you with can have the funds deposited into your bank account within 24 hours following your approval.
Many business owners aren’t comfortable with offering up larger assets, like property or their home as collateral, which is why Hubbe specialise in sourcing unsecured business loans.
As as business owner, the last thing you want is to waste time filling out stacks of paperwork. Hubbe keeps the application process hassle-free by only asking for the important stuff, like bank statements and balance sheets.