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 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.
$250 (waived in some circumstances)
Principal & Interest, Interest Only
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.
Marketlend comes with a few fees that you should be aware of before you dive into getting a loan. These include:
To get access to the Marketlend platform, you’ll need to go through an application process which may include:
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:
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.
Borrowers will be able to take advantage of loan terms starting from six months. Your loan term can be reviewed and renewed annually.
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.
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.