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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You don’t have to use your house or other valuable assets as collateral to get up to $300K in funding.
We offer payment terms of 12 - 18 months, and you have the flexibility to pay off your loan early and reduce the amount of interest you pay.
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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With our unsecured business loans in Australia, small businesses can secure the funding they need quickly and efficiently, allowing them to focus on running and growing their business. Whether you’re looking to cover day-to-day expenses or invest in new business ventures, understanding your business loan options is the first step toward achieving your goals.
An unsecured business loan differs from a traditional loan because you don’t need to place an asset up as security. Our unsecured business loans do not require collateral up front, unlike a secured business loan or secured loan, which are backed by assets and typically offer lower interest rates.
Instead, we assess whether you can access the loan based on the risk your business presents. We also consider your credit history when assessing your eligibility for an unsecured business loan. The loan term for our unsecured business loans typically ranges from 12 to 18 months and affects repayment schedules and interest rates.
We offer several business loan options to suit the diverse needs of small business owners. Our unsecured business loans are a flexible solution for those who prefer not to use personal or business assets as security. These loans provide quick access to funds and can be used for a variety of business purposes, such as managing cash flow, purchasing equipment, or supporting business expansion.
Secured loans, on the other hand, require you to pledge assets like property or business vehicles as collateral, which can result in lower interest rates but involves more risk if repayments are missed. Another popular option we provide is a line of credit, which allows you to draw funds as needed and only pay interest on the amount you use.
When considering business loan options, it’s important to compare interest rates, fees, and repayment terms to find the best fit for your business needs. Our unsecured business finance offers the flexibility and speed many small businesses require to stay competitive and grow.
With our unsecured business loans, your assets aren’t at risk unless you default on the loan. We can only make a claim against property, equipment, or any other assets in the event the loan falls into default. This leaves you free to use your assets as security for other purposes.
Our unsecured business loans often provide repayment certainty, with fixed monthly payments that make budgeting easier and help you plan your finances with confidence.
Our unsecured business finance is a flexible borrowing option that does not require personal or business assets as security, making it suitable for cash flow management, debt consolidation, inventory purchases, or as a financial buffer. Loan repayments can be structured to align with your business's cash flow needs, offering flexibility in how and when you make payments. Loan security refers to the assets pledged for a loan, which are not required for our unsecured business loans.
However, this does not mean that we cannot take other actions against you if you default. As a business owner or director, you may be required to provide a personal guarantee. A personal guarantee is a legal commitment by the business owner to repay the loan if the business defaults.
We conduct thorough checks on your ability to service your unsecured business loan. Providing accurate financial information is essential for assessing your eligibility. Since we take on more risk when providing an unsecured loan, your bank statements serve as proof that you have the ability to make repayments. We review business financials to determine eligibility and loan terms. A business’s financial health and documentation are key factors in loan approval and terms. Your business’s financial health is crucial for determining loan amounts and the need for personal guarantees. If you are wondering will a business loan affect my credit?, you can learn more here.
To ensure accuracy, we require original bank statements rather than copies, as copies may be altered to provide an unrealistic picture of financial status. We expect complete transparency to assess your situation accurately.
Our unsecured loans range from $5,000 to $300,000, featuring fixed interest rates and fixed terms that are not influenced by factors such as your business’s age, payment methods, or credit score. This means your monthly repayments remain consistent throughout the loan term, providing repayment certainty and easier budgeting. While these metrics don’t affect your interest rate or loan amount, we still require meeting our credit criteria for loan approval. Additionally, we offer invoice financing as a short-term funding option alongside unsecured loans and lines of credit, providing fast access to funds.
One of the key benefits of our unsecured business loans is the quick application and approval process. Completing the application typically takes between 5 and 10 minutes online, eliminating paperwork hassles. Our streamlined process speeds up approval and funding.
We assess your application within 24 hours and provide a decision. Upon acceptance of the loan conditions, funds are usually deposited within one business day. This fast approval process is a major advantage of unsecured business loans, designed for quick, accessible financing for small businesses.
Overall, the process takes between two and three days, assuming accurate information is provided. If additional details are required, the process may take slightly longer. Transfers to external accounts can take a few business days.
To qualify for our unsecured business loan, you typically need:
If you apply during business hours and are approved, funds can often be transferred before the close of that business day. Our small business loans are a form of unsecured business finance with fast approval and flexible repayment options. Unsecured small business loans are popular for SMEs lacking collateral.
We offer loans across a 18-month period, helping keep payments affordable. Early repayment often qualifies for a discount. Many lenders, including us, allow you to repay loans early with a reasonable and fair fixed penalty. Scheduled repayments over the loan term provide predictability and assist with cash flow management. Weekly or daily repayments are available, offering consistent payment amounts.
For unsecured funding, we typically need to identify who you are and gather some basic business information, such as:
Our quick approval process often results in decisions within the same business day, making unsecured loans an excellent option for those needing business capital urgently.
We conduct a credit check when you submit a full application to assess your credit score. We review your application details to determine if pre-approval is possible. If pre-approved, we will contact you with the loan offer details.
We may request further proof of business ownership and identity verification, such as a copy of your driver’s license and your ABN during application.
We also offer flexible financing solutions like lines of credit and business overdrafts to help manage cash flow and unexpected expenses. A line of credit provides a set credit limit you can draw from as needed, repaying and reusing funds as your business requires. This revolving credit option is ideal for covering short-term cash flow gaps or seizing new opportunities.
A business overdraft works similarly, allowing you to withdraw more than your account balance up to an agreed limit, providing a safety net for daily operations. Both unsecured business lines of credit and overdrafts are available without requiring collateral. When considering these options, we encourage you to review lending criteria, interest rates, and fees to ensure they align with your business needs.
When selecting the right unsecured business loan, it’s important to compare options to secure the best deal. Consider interest rates, loan terms, repayment flexibility, and fees such as application or ongoing charges. Reviewing our credit criteria and approval process ensures you meet eligibility requirements and can access funds quickly. Many of our business loans in Australia can be applied for online, with streamlined approval and fast funding. By comparing unsecured business loans, you can find a solution that matches your business needs and supports your financial goals.
If you have a credit default but meet our criteria, we will conduct a thorough financial and credit analysis. A default indicates higher risk, so we seek evidence that this risk has been mitigated and you can service the new loan. If approved, we may request additional documentation related to the default.
Unfortunately, we do not offer unsecured business loans to startup businesses due to the lack of financial documentation needed to assess serviceability. Applicants must have been in business for at least six months to qualify for our unsecured loans. However, small business loans may be available for businesses operating for six months or longer.
Every business is unique, so we offer customizable unsecured business loans to fit your specific needs and financial situation. You can select the loan amount, and repayment frequency that best suit your business. Flexible options, such as daily or weekly repayments, help manage cash flow effectively. Early repayment options can reduce interest costs and save money over time. Our unsecured finance options support small businesses in achieving growth, whether expanding into new premises, investing in equipment, or maintaining steady operations. By customizing your loan with us, you ensure your business has the funding it needs without risking personal or business assets.
Unsecured business loans offer a flexible and accessible financing option for small business owners who want to avoid putting personal or business assets up as security. These loans are based on your business's financial health, trading history, and cash flow, providing quick access to funds without collateral. With fixed interest rates, predictable repayments, and a streamlined application process, unsecured loans can help manage cash flow, support business expansion, and cover various business needs.
Choosing an unsecured business loan means you can secure funding without immediately tying up your residential property or other valuable assets. The repayment certainty and flexible loan terms make it easier to plan your finances. Plus, with fast approval times and the ability to apply online, unsecured loans are a convenient choice for businesses needing quick capital.
If you’re ready to grow your business or manage cash flow more effectively, consider applying for an unsecured business loan today. Our simple, streamlined application process and expert support make it easy to get started. Don’t let funding challenges hold your business back - apply online now and take control of your business’s financial future.