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Feature Business Loans
Loan Size $5K - $150K
Term 3-12 Months
Minimum Criteria - $5K per month turn over
- 12 months trading
- Minimum 12 months on lease for business premises
Repayment Options Daily or weekly direct debit
Required Supporting Documents - Photo ID to make up 100 points
- 3-6 months bank statements
- Current Receivables/Payables
- Profit & loss statement
Benefits - "Yes" more often
- Easy renewal & ongoing access to funds
Factor Rate So you know exactly how much will be paid we work on a Factor Rate of 1.15-1.4. For example, a $10,000 loan will have total repayments of between $11,500 and $14,000 depending on credit quality and term.

But before any agreement we will come back with an offer for you to consider.
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Who is it for & why?


It is suitable for businesses with regular (daily/weekly/monthly) sales going into their bank account. The average term is around 6 months. This provides the customer with the opportunity to access further funds in the near future.

Pricing


When Applying for more types of finance, customeres ask "what is the interest rate?" this loan product doesn't use an interest rate due to the 3-12month terms. We use a factor rate.

What is a Factor Rate?

A factor rate is the cost of the loan calculated as a multiple of the loan amount.

What is the Factor Rate?

1.15 - 1.4. (For example, a $10,000 loan will have total repayments of between $11,500 and $14,000 depending on credit quality and term).

What is the difference between an interest rate and a factor rate?

A factor rate includes all fees & charges - what you see is what you get.

We believe transparency is very important and therefore disclose the total cost to the customer upfront.

Why does it costs so much / why do I have to repay extra?

Expensive compared to ? This product is unsecured with no asset/collateral security.

The interest is tax deductible and depending on use of funds you may be able to claim further tax benefits.