The financier is looking for regular cash flow or deposits into your account/s. These can be from invoice payments or credit/debit cards. Cash deposits can also be considered. The second thing they look at is how much money is leaving your account. They want to see how much money you have left over every week, day or month to make regular repayments as the loans are for a fixed term with set fixed repayment amounts at regular intervals:
You must show regular cash flow
Your business has been trading 6+ months
You don't have any major defaults
You have at least 1 year remaining on your lease
Your business hasn't gone through a recent restructure
Your not in the construction industry
Your must be an Australian resident
To confirm all qualification, you'll need to complete your profile
Amount you can borrow based on:
Approvals are generally 1-2 months of average cash flow
$10,000 – $300,000
3 Months – 12 months
15 – 30%
As little as 2 days.
Flexible loan terms
Ability to re-draw on loan
No property security required
No company security taken
Directors guarantee only
Ability to increase loan sizes
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