These types of lenders look closely at the assets you are offering as security, real estate is the most attractive type of asset class you can offer, followed by equipment you already own.
Short term loans are not just limited to borrowing against existing assets, they are readily used to make business purchases such as commercial property or acquiring an asset that needs to be paid for quickly. We recommend refinancing these into a more cost effective option once the short term loan is coming up for expiry.Even if your credit is less than perfect, established business or just starting out, we can match you with a loan options from non-bank lenders that are eager to lend you money.
You must have a registered company (PTY LTD)
Startup businesses are considered
You can have defaults as the loan is usually based purely on the asset
You need to be an Australian resident
The funds are being used for business purposes only
You can demonstrate how the loan will be repaid
If the loan is unsecured, you can show strong cash flow in your business
To confirm all qualification, you'll need to complete your profile
Amount you can borrow based on:
Funding varies across different assets, typically you can achieve 80% on residential property values and 100% of equipment value. More information on completion of your profile.
$10,000 – $5,000,000
3 months – 12 months
0.8% – 4% per month
As little as 3 days.
Multiple assets considered
Funding can be purely on business cash flow
Flexible loan sizes
You can choose loan terms up to 12 months
Pre-paid interest periods (no payments for 6 months etc)
Poorer credits are considered
Loandesk makes finding short term loan options quick & easy.
We work with a select group of carefully hand-picked lenders who are chosen based on their sound lending practices and superior customer service. Complete your profile & get matched loan options from 55+ lenders.