Marketlend Business Loans

Marketlend logo

Marketlend is an online marketplace that facilitates lending to connect Aussie small to medium sized businesses with the funding they need. Founded in 2014, with their headquarters in Sydney, Marketlend connects businesses directly to investors to cut out the middleman and help SMEs find great deals.

Marketlend business loans - what you need to know

Marketlend have created an online marketplace, so once you've been through the application process and been risk-assessed by Marketlend, your desired loan goes on the market to be bid on by investors directly. Not quite sure how that works? We’ve collected some of the features, fees, loan types and application process need-to-knows about Marketlend, to help you out.

FAQs about Marketlend

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How are Marketlend interest rates determined?

Marketlend connects you with a business investment platform, so the rate you get will partly be determined by investor interest in your loan. Your interest rate is also determined using a combination of the interest rate paid to investors, plus a platform fee you pay to Marketlend.

What fees are there?

Marketlend comes with a few fees that you should be aware of before you dive into getting a loan. These include:

  • Application fee
  • Platform fee
  • Loss protection fee which you pay upfront, but is returned if no loss is incurred
  • Utilisation fee paid on any unused finance not used during a line of credit loan
  • Direct debit dishonour fee
  • Late payment fee paid every day until the amount is paid

How does the approval process work?

To get access to the Marketlend platform, you’ll need to go through an application process which may include:

  • Completing an online application on the website in which you may be asked to provide details about your business’ finances, operations, future plans and your own personal financial situation
  • Your business is then assessed by third party chartered accountants and risk officers to form a risk report about your business for you and your prospective investors
  • You’ll then be contacted for an interview to discuss yourself, your business, your loan request and the risk assessment result.
  • Your listing will then be placed on the marketplace, where investors can bid on it.

What do I need to be eligible for the Marketlend platform?

Marketlend caters to larger companies so its requirements might exclude many small businesses. While there aren’t hard and fast eligibility rules, Marketlend may require that:

  • You are a registered company
  • You’ve been trading for at least 12 months
  • You have a turnover of at least $500,000 per annum
  • And you have good credit history
Key features of Marketlend business loans
Marketplace platform

Marketlend connects businesses directly with investors, which means (if you are successful in your application) you can put your desired loan onto the marketplace platform and either one or more investors will bid to invest on your loan.

Flexible loan terms

Borrowers will be able to take advantage of loan terms starting from six months. Your loan term can be reviewed and renewed annually.

Pre-pay supply chain loans

If you are engaged in a supply chain, you may find yourself needing to pay suppliers before you have the capital. Marketlend will prepay your invoices giving you up to 90 days extra to get your finances in order.

Flexible borrowing limits

The amount you can borrow with Marketlend depends partly on what kind of borrowing you’re doing. For example, the line of credit is available for amounts from $50,000 to $100,000, while debtor financing is available from $100,000 to $4 million.