Australian owned and operated. Supporting Australian small businesses for 10 years.
Facility term 12 – 18 months
Any business purpose
Top-up & early payout options
Monday – Saturday
we only need the basics
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Get access to funds and only pay for what you use. When you need it.
You don’t have to use your house or other valuable assets as collateral to get up to $300K in funding.
To assess if you’re eligible for a loan, we won’t ask you to submit a pile of paperwork. We only ask for the basics to keep the process as quick and easy as possible.
Once you submit your loan application, you can expect to receive a decision within one business day, sometimes even sooner. Our team will be in touch to go over the process and address any questions you may have.
Once your loan is approved and electronic documents signed, the funds will be transferred into your nominated account on the same business day.
We keep things simple.
An unsecured business loan differs from a traditional loan because you don’t need to place an asset up as security. Instead, the lender assesses whether you can access the loan based on the risk your business presents.
The benefit to this is that your assets aren’t at risk if you default on the loan. The lender cannot claim your property, equipment, or any other assets as part of their repayment.
However, this does not mean that the lender cannot take other actions against you if you default.
We need to conduct checks on your ability to service your unsecured business loan. As a lender, we take on more risk when we provide an unsecured loan. Your bank statements serve as proof that you have the ability to make repayments.
This need for proof is also why we only accept the original statements, rather than copies. It’s possible that an applicant may alter a copy to provide an unrealistic picture of their financial situation. We require complete transparency on your part so that we can assess your situation accurately.
As explained above, this depends on several factors. The age of the business has an effect. An established business will likely obtain a lower interest rate, assuming it has a healthy cash flow.
How you accept payments will also have an effect. Businesses that predominantly accept payment via invoicing may face higher rates. We will provide you with all of the relevant information relating to your interest rate when you make your application.
We offer loans of between $5,000 and $300,000.
However, the amount that you can borrow depends on several factors. These include the business’ age, health, and industry. Your credit score will also play a part in the decision.
One of the key benefits of unsecured business loans is that they take less time than their traditional cousins. Filling out the application will typically take between 5 and 10 minutes. You can do it all online, which means there’s no pesky paperwork to deal with.
From there, we will take up to 24 hours to assess your application and provide you with a decision. Assuming we accept your application, we will also provide details of the loan for you to peruse. Once you accept the conditions of the loan, it may take up to one business day for the funds to appear in your account.
All told, the process takes between two and three days. This assumes that you’ve provided accurate information in your application. If we need to contact you to confirm any details, the process may take a little longer.
To quality for an Unsecured Finance Business Loan you will typically need to have the following:
A business with 6 or more months trading history.
Turnover in excess of $10,000 per month
Regular cash flow (daily, weekly or monthly)
This is one of the key benefits of an unsecured business loan. Generally if you apply during business hours and are approved funds can be transferred before the close of that business day.
At Unsecured Finance we like to help out customers keep their payments affordable and offer all our business loans across a 24-month period. For those wishing to pay off their loans early, often a discount is offered.
With unsecured funding the lender typically only needs to identify who you are and find out some basics about your business such as:
The last 6-months of banks statements for your business
Some form of identification (Drivers licence)
The benefit of an unsecured loan is that typically approvals will be provided inside the same business day. This makes unsecured loans a great option for those who require business capital in a hurry.
We do conduct a credit check when you submit a full application to check your credit score. We will go over the details of your application upon receipt to determine if we can grant a pre-approval. If we do, we will contact you with the details of the loan and inform you of the pre-approved status.
We may ask for further proof of business ownership, as well as proof of your identity.
For example, you may ask you to provide us with a copy of your driving license. You will also need to provide your ABN when submitting your loan application.
You can, assuming that you meet our criteria. In this situation, we will usually conduct a deeper analysis of your finances and credit score. A default on your record suggests that you present more risk. We’re looking for evidence that the risk no longer exists and you can service your new loan.
If we accept your loan application, we may apply a higher interest rate than we would without the default. We may also require further documentation relating to the defaulted loan, which we will request when needed.
Unfortunately not. Startup businesses present too much of a risk for an unsecured business loan. The company has no financial documentation so it’s impossible to assess its serviceability. We require all applicants to have been in business for at least six months for our unsecured loans.
We’re based in Australia and have two main offices. They’re located at the following addresses:
Head Office
Unit 2A
391 Martins Road
Green Fields SA 5107
Victoria Office
Level 2
696 Bourke Street
Melbourne VIC 3000
Furthermore, we have a number of smaller regional offices spread around the country. Finally, we also have an office in New Zealand, which is at the following address:
Floor 27
188 Quay Street
Auckland 1010
New Zealand
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An unsecured business line of credit is a flexible financing solution that allows small business owners to access funds as needed, without having to provide collateral, meaning these lines do not require collateral. Unlike a traditional secured loan, the main difference is that unsecured lines of credit do not require you to pledge assets, which impacts interest rates, risk levels, and borrower flexibility. This type of business line gives you the freedom to draw on your available credit whenever your business requires extra cash flow—whether it’s for purchasing inventory, covering short-term expenses, working capital, or managing seasonal fluctuations.
In summary, an unsecured business line of credit offers small businesses quick and flexible access to funds without the need for valuable assets as security. This makes it an ideal option for managing cash flow, covering unexpected costs, and supporting business growth with the convenience of borrowing only what you need when you need it.
Business finance is at the heart of every successful small business, providing the resources needed to manage daily operations, invest in growth, and navigate unexpected challenges. For many small business owners, finding the right funding solution can be a hurdle, especially when quick access to funds is essential. Unsecured business loans have emerged as a popular financing option, offering small businesses the ability to secure funding without the need for collateral. Unsecured business lending is a broader category that includes various loan products provided without collateral, relying on the business’s financial health and creditworthiness, and typically offers faster approval compared to secured lending, which requires assets as security.
These business loans are designed to help manage cash flow, support business growth, and provide flexible access to funds when needed. A small business loan or small business loans can be flexible options tailored to the unique needs of small businesses. Whether you’re looking to expand your operations, purchase inventory, or simply maintain a healthy cash flow, understanding your business finance options—including unsecured business loans and business lines of credit—can empower you to make the best decisions for your business’s future. Unsecured loans are another alternative for business funding, providing quick access to capital without the need for collateral. The business lending landscape encompasses both secured and unsecured options, offering a range of solutions to suit different business needs.
Unsecured business loans present a flexible financing option for small businesses looking to access funds quickly and without the need to provide collateral. These business loans are particularly suitable for businesses with a healthy cash flow and a solid credit history, as lenders often assess these factors when determining eligibility and loan amount. Depending on the lender and your business’s financial health, you may be able to secure a business loan ranging from $10,000 up to $300,000.
While interest rates for unsecured business loans are generally higher than those for secured loans, the streamlined application process and fast approval times make them an attractive choice for businesses that need quick access to funds. Whether you’re looking to cover operational expenses, invest in growth, or manage cash flow, unsecured business loans offer a practical solution for small businesses seeking flexible and efficient financing.
An unsecured business line of credit is a flexible financing solution that allows small business owners to access funds as needed, without having to provide collateral. Unlike a traditional secured loan, unsecured lines of credit do not require you to pledge assets, which impacts interest rates, risk levels, and borrower flexibility. This type of business line gives you the freedom to draw on your available credit whenever your business requires extra cash flow—whether it’s for purchasing inventory, covering short-term expenses, working capital, or managing seasonal fluctuations.
In addition to lines of credit, a business overdraft is another flexible option for managing cash flow fluctuations, offering features like flexible borrowing limits and transparent repayment structures. With an unsecured business line of credit, repayments are made only on the amount you use, and you can access funds quickly, often within a business day. This makes it an ideal solution for small businesses seeking fast access to funds without the lengthy approval process or asset requirements of secured loans. The flexible terms and ease of access help business owners stay agile and responsive to changing business needs.
Managing cash flow is a common challenge for small business owners, especially during periods of rapid growth or seasonal changes. An unsecured business loan can be a valuable tool for small businesses needing to access funds to keep operations running smoothly. By applying for an unsecured business loan, small business owners can secure the funds needed to purchase inventory, cover day-to-day expenses, or seize new business opportunities—without putting valuable assets or personal assets at risk.
This type of business loan is especially beneficial for small businesses that may not have significant collateral to offer, providing a way to access funds and maintain financial stability during critical times. With the right unsecured business loan, small businesses can focus on growth and success, knowing they have the financial support to manage their cash flow effectively.
Eligibility for an unsecured business loan typically depends on several key factors. Most lenders require business owners to demonstrate a minimum monthly turnover, maintain a good credit history, and present a solid business plan. The eligibility criteria can vary, but generally, businesses should have been operating for at least six months and show consistent cash flow to qualify.
In some cases, lenders may ask for a personal guarantee from the business owner or up to five directors, providing additional assurance for the loan. Meeting these eligibility criteria not only increases your chances of approval but can also help you secure more favorable loan terms. By understanding what most lenders look for, business owners can better prepare their application and improve their chances of obtaining the right business loan for their needs.
Applying for unsecured business loans is designed to be straightforward and efficient, allowing business owners to focus on running their businesses rather than navigating complex paperwork. Most lenders offer an easy online application process. The loan application typically involves submitting financial documents, such as financial statements and business financials, and completing online forms to expedite the process.
Business owners are encouraged to apply for an unsecured business loan, as the process is simple and accessible. Application online and apply online options make it convenient to start from anywhere at any time. You’ll provide essential financial information and documentation, including financial statements and business financials, to demonstrate your business’s financial health, credit history, cash flow, financial history, and business performance.
As part of the approval process, lenders typically require a personal guarantee from the business owner, adding an extra layer of security for the loan. The assessment is quick, and many applications receive unconditional approval within one business day, with the business's financial and business's financial health being key factors in the approval decision. Once approved, funds are often available for use almost immediately, with the money deposited directly into your business's bank account, giving you the flexibility to address your business’s needs without delay. This streamlined process makes unsecured business loans an attractive option for business owners who need fast, reliable access to funds.
Leveraging accounting software can greatly simplify the application process for an unsecured business loan. By connecting your accounting software to the lender’s platform, you can provide reconciled financial data that gives lenders a clear picture of your business’s financial health and credit history. This streamlined application process not only saves time but can also lead to faster approval and quicker access to funds.
Lenders often use this financial data to tailor loan options and interest rates to your business’s unique performance and needs. By ensuring your financial data is up-to-date and accurate, you can improve your chances of securing an unsecured business loan that aligns with your goals and supports your business’s ongoing success.
Unsecured business loans offer a wide range of loan amounts, typically from $5,000 up to $300,000, with terms that can span from a few months to several years. An unsecured loan is a key product in this category, featuring no collateral requirements, a simplified approval process, and suitability for various industries and short-term financing needs. The specific loan amount and term you qualify for will depend on your business’s financial health, credit history, and cash flow.
Unsecured small business loan and unsecured small business loans are popular options for small businesses seeking quick, flexible financing without the need for collateral, often assessed based on cash flow and future earnings, and increasingly offered by fintech lenders. These business loans are versatile and can be used for a variety of business purposes, such as purchasing inventory, managing day-to-day cash flow, or covering unexpected expenses, with thousands of businesses already funded through these solutions.
Some lenders provide fixed interest rates, offering predictable monthly repayments, while others may offer variable interest rates that can change over the life of the loan. Compared to other lenders, these loans often provide more transparent APR-based pricing, making it easier for business owners to compare terms and rates. It’s important for business owners to carefully review all loan terms and conditions before committing, ensuring the unsecured business loan aligns with their business goals and financial situation. In addition to monthly repayments, some lenders offer alternative repayment structures such as loan repayments on a weekly basis, with weekly repayments calculated upfront and disclosed clearly to ensure transparency.
When applying for an unsecured business loan, business owners should be aware that a personal guarantee is often required. This means that if the business is unable to repay the loan, the lender may seek repayment from the business owner personally. As part of the application process, lenders will typically conduct a credit check, reviewing both the business owner’s credit history and the business’s credit profile to assess risk.
The results of this credit check can influence the interest rate and loan terms offered, with those having a strong credit history often receiving more favorable conditions. It’s important for business owners to understand the implications of providing a personal guarantee and undergoing a credit check, as these factors can impact both personal and business finances. If you’re wondering will a business loan affect my credit?, being prepared and informed can help you navigate the application process and secure the best possible terms for your unsecured business loan.
Repayment terms for unsecured business loans are designed to be flexible, with options for weekly or monthly repayments to suit your business’s cash flow. Interest rates on these loans can vary significantly, depending on the lender, your business’s credit history, and the perceived risk of the loan. While some lenders offer competitive interest rates, others may charge higher rates due to the higher risk associated with unsecured lending.
As a business owner, it’s crucial to review the interest rate, repayment schedule, and any additional fees to fully understand the total cost of the loan. Many lenders also allow you to pay off your loan early, sometimes without penalties, which can save you money on interest and provide greater financial flexibility. By comparing different unsecured business loan options and considering your business’s ability to meet monthly repayments, you can select the financing solution that best supports your business’s ongoing success and financial health.