Capital Boost is a personalised business loans brokerage firm based out of Sydney. We specialize in securing loans for small and medium businesses across Australia. Our expertise and understanding of this market, clubbed with our partnership with leading non-bank lenders, enables us to deliver loans for small businesses with no collateral and security at better rates. Besides unsecured loans, we also cater to other loan options for businesses in Australia.
You can visit the Apply Now section on www.capitalboost.com.au and fill in your business details to apply for an unsecured business loan. Our smart indicators will show you the loan eligibility and indicative repayment terms.
We have lenders who can fund up to $500,000 in unsecured loans without any collateral or security. You don’t need to be a property owner to get an unsecured business loan.
Unsecured business loans are available from $5000 all the way up to a maximum of $500,000 depending on the lender. The amount you can borrow will depend on the turnover and health of your business. As a thumb rule, you can borrow up to a maximum amount equivalent to 120% of your monthly turnover provided you fulfill all the requisites.
Each non-bank lender has a different criteria on who they can lend money to, how much they can lend, different payment terms and interest rates. Our understanding of various lenders and their criteria helps us match your requirement to the right lender to secure the loan faster and at better rates. We talk to you to understand your requirements better before matching your requirements to the right lenders only. This saves you time and helps keep your credit score intact. While you continue to focus on your business, our lending specialists will secure the right loan for you.
Unsecured business loans are preferred by small businesses because they are available to you in as little as 24 hours. If your documents are in order, the lenders can process the loan in a few hours, subject to them receiving all the necessary documents. In case you need the loans faster, please inform our lending specialists and we will try our best to secure the loan at the earliest for you.
Up to $150K, most non-bank lenders only required your bank statements for 6 months and a copy of the driving license of the business owner. In case there are cash transactions, a business activity statement (BAS) might also be required by select lenders to process your loan. Depending upon the loan amount and your turnover, we will let you know about the documents you need to submit during our discussion with you.
Australian businesses with an active ABN, over 6 months in business and a monthly turnover above $5000 are eligible for an unsecured business loan. The loan amount, repayment period and interest rates will depend on various factors, but if you fulfill the above criteria, you can apply for an unsecured business loan. To know more about unsecured business loans, visit the link.
The rates of interest usually start at 9.9% p.a., and vary based on the amount, lender criteria, and the health and wealth of your business. While the rates are higher than bank loans, the easy of accessibility to funds faster with no collateral or security, is what makes this a preferred choice for small businesses. To get an indication of the repayment amounts, check out our smart indicators in the application section by filling in your requirement.