Founded in 2013 and based on the Gold Coast in Queensland, Speedy Finance is an alternative business loans provider that employs technology to match Aussie businesses with their funding needs, faster!
Interested in all the ins and outs of a business loan from Speedy Finance? We’ve made life easy by wrapping up all the information you’ll want to know in the table below, including the key rates, fees and features attached to a Speedy Finance business loan.
$10-20 per month
Weekly, Fortnightly, Monthly
Principal & Interest
between 24 and 48 hours
within 24 hours
Speedy Finance offers a variety of loans to Australian businesses, with fixed interest rates starting from 1.50% per month for secured loans and from 2.00% per month for unsecured business loans including equipment finance. The interest rate you’ll be offered for your own business will be based on a number of factors though.
While Speedy Finance doesn’t charge any exit fees or early payout fees there are a number of other fees you’ll need to weigh up before taking out a loan. These include a 6-10% establishment fee, an ongoing monthly fee between $10-20 per month and a $25 late fee.
Speedy Finance knows that many businesses are time poor, which is why they’ve streamlined their application and approval process to make life as easy as possible. Businesses will be able to complete an online application in as little as five minutes and successful applicants will be able to receive funding in as little as 24 hours once approved.
According to Speedy Finance, there are a few requirements businesses will need to meet in order to be eligible for a business loan. These include having an active Australian Business Number (ABN) or Australian Company Number (ACN), to have been trading for at least six months and having a minimum annual turnover of at least $60,000.