With small business loans to expand your business…
What could you do?
Features of a Bizcap Unsecured Business Loan
Same day access to funds to cover one-off expenses or invest in your business
- Borrow between $5K to $4M
- Open minded offers (irrespective of existing loans, bad credit, defaults or judgements)
- Funding in as little as 3 hours
- Loan terms between 3 and 12 months
- Flexible repayments and early payout available
Our Simple Application Process
Our online application process takes less than 5 minutes to complete and gives us all the information we need to make an offer.
Our team assess your application quickly, taking into consideration cash flow and general cash management.
If approved, you can have the funds in your account within 3 hours – even if you have existing loan facilities.
We Look at More Than Your Credit Score
You need an active ABN (Australian Business Number).
5 months in business
Your business must be trading for at least 5 months.
Your business needs to be turning over at least $12,000 per month.
|Turn Around Time||5 hours|
|Loan Use||General Cashflow|
|Turn Around Time||2 hours|
FAQs About Bizcap Unsecured Business Loans
To qualify for an unsecured business loan, certain criteria must be met. If you’ve been in business for at least five months, have an active Australian Business Number (ABN), and generate over $12,000 in monthly revenue, you may be eligible for unsecured business loans. As Australia’s most open-minded lender, we evaluate various aspects of your business to determine your eligibility for unsecured business loans.
Unsecured business loans are a popular financing option for businesses that do not have collateral to secure a traditional loan. These loans are typically easier to obtain, and the approval process can be quicker than that of secured loans. When assessing your application for unsecured business loans, we will take a closer look at your financial history, credit score, and business performance.
The more robust your business’s financial performance, the higher your chances of qualifying for unsecured business loans. Keep in mind that while unsecured business loans may offer more flexibility and accessibility, they often come with higher interest rates and shorter repayment terms due to the increased risk associated with lending without collateral.
By maintaining a strong credit history, demonstrating consistent revenue growth, and having a well-established business plan, you can improve your chances of qualifying for unsecured business loans. Remember that lenders like us, who specialise in unsecured business loans, will take a comprehensive approach to evaluate your business and its potential for success to provide you with the funding you need to grow and thrive.
Applying for unsecured business loans can be a straightforward process. To begin your application for an unsecured business loan, simply click the ‘Apply’ button in the top right corner and provide the necessary information, which should only take about five minutes. After submitting your initial application for unsecured business loans, we will match you with one of our Unsecured Loan Specialists.
Our Unsecured Loan Specialists are experts in unsecured business loans and will work closely with you to gather the required information and documentation needed to process your application. They will also help identify the best unsecured business loan solution tailored to your specific needs. Unsecured business loans can be a valuable resource for businesses seeking financing without putting up collateral, and our specialists are dedicated to finding the right fit for you.
Alternatively, if you prefer to speak with someone directly about unsecured business loans, you can call us at 1300 922 223 to discuss your financing needs. Our team is committed to helping you navigate the process of applying for unsecured business loans and ensuring you receive the funding required to support your business’s growth and success. Don’t hesitate to reach out to us for assistance with your unsecured business loan application or for more information on how unsecured business loans can benefit your business.
Bizcap unsecured business loans offer flexibility and can be used for a wide range of purposes related to your business. Unsecured business loans are an excellent financing option for businesses that require funds without having to provide collateral. Some of the common uses of Bizcap unsecured business loans include:
Expansions, renovations, and unexpected repairs: Unsecured business loans can provide the necessary funds to expand your business, upgrade your facilities, or cover the cost of unforeseen repairs that might otherwise disrupt your operations.
Purchase stock and equipment: Unsecured business loans can be used to acquire inventory or invest in new equipment, helping you stay competitive and meet customer demands.
Marketing: Unsecured business loans can be allocated towards marketing efforts, such as advertising campaigns, digital marketing, or trade shows, to increase brand awareness and attract new customers.
Hire more employees: Unsecured business loans can be used to finance the hiring of additional staff, enabling your business to take on new projects or expand your services.
Pay expenses: Unsecured business loans can help you manage operating expenses, such as rent, utilities, and insurance, ensuring that your business runs smoothly without interruptions.
Cash flow: Unsecured business loans can provide a financial buffer to maintain a healthy cash flow during periods of fluctuating revenue or unexpected expenses.
Bizcap unsecured business loans are designed to help businesses thrive and grow by offering a versatile financing solution. By utilising unsecured business loans for various purposes, you can ensure your business’s continued success and adapt to changing market conditions or seize new opportunities.
Bizcap, may require personal guarantee(s) from individuals involved in the business loan process. Personal guarantees are often requested by lenders to ensure that the borrower is held accountable for repaying the business loan in case the business is unable to do so.
When providing business loans, Bizcap might ask for personal guarantees from directors of corporate borrowers, directors of corporate guarantors, and certain individuals. These guarantees serve as an additional layer of security for Bizcap when issuing business loans, as they provide a legal commitment from the individual guarantor that they will repay the business loan if the business itself fails to meet its repayment obligations.
Requiring personal guarantees for business loans is a common practice among lenders, as it helps mitigate the risk associated with lending money to businesses. By obtaining personal guarantees, Bizcap can confidently provide business loans to support the growth and success of various companies while ensuring that appropriate measures are in place to protect their financial interests.
In summary, when considering applying for a business loan through Bizcap, it’s important to be aware that personal guarantees may be required from certain individuals involved in the process. These guarantees serve to secure the business loan and provide added reassurance to Bizcap as they issue business loans to support the growth and development of your company.
The fees and repayments associated with business loans can vary greatly depending on your unique financial situation. When evaluating your business loan application, lenders will consider several factors to determine the fees and repayment structure that best suits your needs. These factors include your cash flow, payment history, and general financial strength, as well as the number of years you’ve been trading, your assets, and the purpose of the business loan funds.
As each business loan application is assessed individually, the specific fees and repayments for business loans will be tailored to your circumstances. This customization ensures that the business loan terms are manageable and align with your business’s financial capabilities.
Repayments for business loans are typically structured to occur either daily or weekly, depending on the agreed-upon terms. This frequency of repayments helps businesses manage their cash flow more effectively while ensuring that the business loan is repaid in a timely manner.
In conclusion, when applying for a business loan, it’s important to remember that fees and repayment schedules will be determined based on your unique financial situation and business requirements. By considering factors such as cash flow, payment history, financial strength, trading history, assets, and the intended use of the business loan funds, lenders can offer tailored business loan terms that work best for your business, facilitating growth and success.
The approval process for an unsecured business loan can be surprisingly quick. In as little as three hours, you could receive approval for an unsecured business loan. Once we have your application, bank statements, and any other supporting information needed for the unsecured business loan evaluation, our team will assess your file within a couple of hours. If everything is in order, we’ll make you an offer for an unsecured business loan.
After you’ve agreed to the unsecured business loan offer, the funds will be transferred into your account promptly. Unsecured business loans are an excellent financing option for businesses that require funds quickly and without the need for collateral. This fast approval process is one of the main advantages of unsecured business loans.
If you need the funds from an unsecured business loan even more urgently, just let your Account Manager know, and they’ll fast-track your application. This expedited process will help ensure that your unsecured business loan is approved and disbursed as quickly as possible, allowing you to address any immediate financial needs your business may have. In summary, unsecured business loans can be approved and funded within a matter of hours, providing businesses with a quick and efficient financing solution.
An unsecured business loan is a type of financing that does not require collateral, such as your home or car, to secure the borrowed funds. Unlike secured loans, which rely on assets as security, unsecured business loans are assessed based on your cash flow, creditworthiness, and other factors related to your business. This makes unsecured business loans an attractive option for businesses that may not have significant assets to put up as collateral or those who prefer not to risk their assets.
Unsecured business loans are designed to provide businesses with the financial support they need without the requirement of pledging assets. By focusing on factors such as cash flow and creditworthiness, lenders can evaluate the risk associated with providing unsecured business loans and determine the appropriate loan terms.
While unsecured business loans can be more accessible and flexible, they often come with higher interest rates and shorter repayment terms compared to secured loans. This is because the lack of collateral in unsecured business loans presents a higher risk for lenders. Nevertheless, unsecured business loans remain a popular choice for businesses seeking quick access to funds without tying up their assets.
In summary, an unsecured business loan is a financing option that does not require collateral, and instead relies on factors such as cash flow, creditworthiness, and the overall health of your business to determine eligibility and loan terms. Unsecured business loans offer flexibility and accessibility for businesses in need of financing without putting their assets at risk.
Unsecured business loans offer a convenient and flexible repayment structure designed to accommodate the needs of businesses. Repayments for unsecured business loans can be made on a weekly or daily basis, depending on the terms agreed upon with the lender. The frequency of repayments for unsecured business loans can help businesses manage their cash flow more effectively and ensure timely repayment of the loan.
The repayment process for unsecured business loans is designed to be simple and hassle-free. Payments are automatically deducted from your business bank account, making it easy for you to stay on top of your unsecured business loan obligations without the need for manual intervention.
By offering a straightforward repayment process, unsecured business loans help businesses maintain a healthy financial standing and focus on their core operations. The automatic deductions from your business bank account ensure that the unsecured business loan is repaid consistently and on time, reducing the risk of late payments or default.
In summary, unsecured business loans are repaid through automatic deductions from your business bank account on a weekly or daily basis, depending on the terms agreed upon with the lender. This repayment structure for unsecured business loans is designed to be convenient and easy to manage, helping businesses maintain a healthy cash flow and successfully repay their loans.
Yes, you can definitely repay your unsecured business loan early. In fact, we encourage early repayment of unsecured business loans if it suits your financial situation. Unlike some lenders, we do not penalize borrowers for early repayment of unsecured business loans. This means there are no early repayment fees or other charges associated with paying off your unsecured business loan ahead of schedule.
Unsecured business loans are designed to be flexible and accommodating to the unique needs of businesses. If you know that you only require the capital for a short period – for example, to purchase stock that you’ll sell in two or three weeks – it’s a good idea to let your Unsecured Loan Specialist know. In such cases, we can arrange an early payment discount for you, making the early repayment of your unsecured business loan even more advantageous.
By repaying your unsecured business loan early, you can potentially save on interest costs and improve your business’s financial standing. The flexibility and convenience offered by unsecured business loans, including the option for early repayment without penalties, make them an attractive financing solution for businesses with varying financial needs and goals.
Absolutely, Bizcap can still help you even if you already have a business loan with another lender. It’s not uncommon for businesses to have multiple business loans from different lending institutions. In fact, many of our clients have business loans with other lenders while seeking additional financing options from Bizcap.
Bizcap offers a variety of business loan products and services that can cater to your specific financial needs. Whether you are looking for additional funds to support your business’s growth, manage cash flow, or address unforeseen expenses, Bizcap can provide a tailored business loan solution that complements your existing financing arrangements.
It’s important to carefully assess your business’s financial situation and capacity to manage multiple business loans before taking on additional debt. However, with responsible borrowing and a clear understanding of your financial obligations, having multiple business loans from different lenders can help support your business’s ongoing success and growth.
In summary, Bizcap can indeed help you with a business loan even if you already have a loan from another lender. By offering a range of business loan products and services, Bizcap can provide the financial support your business needs while taking into consideration your existing debt obligations.
Absolutely, we can help you if you already have a business loan with us and need additional access to funds. It’s not uncommon for businesses to require more financial support as they grow or encounter unexpected expenses. If you’ve had a business loan with us for at least seven weeks, you can reach out to your unsecured loan specialist to discuss your options for obtaining additional business loans.
We understand that businesses may have changing financial needs, and we aim to be as accommodating as possible in providing the necessary support through our business loan offerings. Your unsecured loan specialist will evaluate your current financial situation and the performance of your existing business loan to determine if you are eligible for additional funds.
It’s important to remember that taking on multiple business loans should be done responsibly and with a clear understanding of your financial obligations. By carefully assessing your needs and the capacity to manage additional business loans, you can ensure that your business continues to grow and thrive.
In summary, if you have an existing business loan with us and need more access to funds, we are here to help. Contact your unsecured loan specialist to discuss your options for additional business loans, and we’ll do our very best to support your business’s financial needs.
Interest rates for business loans can vary significantly from client to client, as they are determined by multiple factors that are unique to each business. These rates are often referred to as a Factor Rate, which is a fixed fee applied over the term of the business loan. The Factor Rate for business loans is based on the risk assessment of your loan, and as you build a relationship with us, that Factor Rate will likely decrease.
Your interest rate for a business loan will depend on several factors, including your cash flow, how long you’ve been in business, your assets, and what you intend to use the funds for. These factors help lenders evaluate the risk associated with providing business loans, allowing them to determine an appropriate interest rate that reflects the level of risk.
As you establish a strong repayment history and demonstrate responsible borrowing behaviour, the interest rate for future business loans may decrease. This is because a positive lending relationship can lead to lower perceived risk, resulting in more favourable interest rates for your business loans.
In summary, interest rates for business loans are determined by a variety of factors that are unique to each borrower, such as cash flow, business history, assets, and the purpose of the loan. By considering these factors and assessing the risk associated with each business loan, lenders can establish a Factor Rate that reflects the appropriate interest rate for your specific financial situation. As you build a strong relationship with your lender, the interest rates for your business loans may decrease, providing more favourable financing options for your business’s continued growth and success.
When evaluating your application for a business loan, our primary focus is on your business’s financial health rather than your personal finances. As we are not a personal lender, we typically do not need to check your personal finances when determining your eligibility for business loans. However, if your business transactions are going into your personal account, we may need to review those transactions to gain a better understanding of your business’s financial situation.
For business loans, we mainly require your business bank statements to assess the financial strength and creditworthiness of your business. This helps us determine the risk associated with providing business loans and ensures that we can offer the most suitable financing options for your business’s needs.
In addition to reviewing your business bank statements, we will also check the credit reports of the business and its owner(s) as part of the business loan application process. This is a standard practice when evaluating business loans, as it helps lenders assess the credit history and overall financial responsibility of both the business and its owner(s).
In summary, when applying for business loans, we focus primarily on your business’s financial health rather than your personal finances. We review your business bank statements and the credit reports of the business and its owner(s) to determine the risk associated with providing business loans and to ensure that we can offer the most appropriate financing options for your business’s needs.
Repayments are made weekly or daily over the term of the loan, which can be anything from three to 12 months.
At Bizcap, we offer a wide range of business loan amounts to accommodate the diverse financial needs of businesses. Our business loans range from $5,000 to $4,000,000, with loan terms varying from 3 to 12 months. The payment terms for these business loans are either daily or weekly, providing flexibility and convenience for borrowers.
The total amount of your business loan will depend on the specific circumstances of your business. We carefully consider a variety of factors to determine the health and creditworthiness of your business before lending accordingly. Factors such as your business’s cash flow, the length of time you’ve been in operation, your assets, and the purpose of the loan all play a role in determining the appropriate amount for your business loan.
Our goal is to provide tailored business loans that meet the unique financial needs of each business while minimizing risk for both the lender and borrower. By carefully evaluating the factors that contribute to the financial health of your business, we can determine the most suitable business loan amount and terms to support your business’s ongoing growth and success.
In summary, Bizcap offers business loans ranging from $5,000 to $2,000,000, with loan terms varying from 3 to 12 months and payment terms that are either daily or weekly. The total amount of your business loan will depend on the specific circumstances of your business, as we consider a variety of factors to assess the health of your business and lend accordingly.
For startup businesses seeking a business loan, it’s important to note that we typically require a minimum of five months’ trading history. This allows us to assess the financial health and viability of your business before providing business loans to support your growth and operations.
However, if you have an existing business and need funding for a new venture, we encourage you to get in touch with us. We understand that each business is unique and may have different financing needs, so we are open to discussing the possibility of providing business loans for your new venture.
By quickly assessing your existing business’s financial health and the potential of your new venture, we can determine whether we can help you with a business loan. Our goal is to offer tailored business loans that meet the specific financial requirements of each business while minimizing risk for both the lender and borrower.
In summary, if you are a startup business seeking a business loan, we usually require a minimum of five months’ trading history. However, if you have an existing business and need funding for a new venture, we invite you to contact us so we can quickly assess whether we can provide the business loans you need to support your growth and success.
Interest rates for business loans can vary depending on the type of loan you choose. In the case of an unsecured business loan, the interest rates are typically higher than those of a secured loan. The primary reason for this difference in interest rates is that unsecured business loans do not require any assets to guarantee repayment, which increases the risk for the lender.
Since there are no assets to guarantee repayment for an unsecured business loan, lenders need to account for the increased risk when providing these business loans. As a result, the interest rates for unsecured business loans are higher to compensate for the potential financial risk associated with lending without collateral.
Despite the higher interest rates, unsecured business loans offer several advantages, particularly for businesses that may not have substantial assets to use as collateral. One of the key benefits of unsecured business loans is that they can be provided more quickly, as there is no need to go through the paperwork and valuation process typically required for securing assets such as property or vehicles.
In summary, interest rates for unsecured business loans are higher than those of secured loans due to the increased risk associated with lending without collateral. However, unsecured business loans offer the advantage of faster financing without the need for asset valuation, making them a more accessible option for businesses seeking quick and flexible funding solutions.
Bizcap provides business purpose loans to small to medium business owners . When assessing a loan application from a prospective borrower, Bizcap at its sole discretion may determine what security it requires from the borrower and any guarantor/s in order to approve a loan. This security may take the form of:
(a) a registrable security interest over personal property in accordance with the Personal Properties Securities Act 2009 (Cth). This security interest may be enforceable against all present and after acquired property, specified collateral, or both;
(b) a charge over real property, registrable by a caveat or mortgage in accordance with the relevant state property legislation in which the real property is situated; and/or
(c) a corporate or personal guarantee (as the case may be), whereby a guarantor guarantees the performance of the loan by the borrower and agrees to be liable in their own capacity for any acts or omissions of the borrower, such as non-payment. The guarantee is also supported by a charge over the guarantor/s real and/or personal property.
Prospective borrowers and guarantors are encouraged to obtain independent legal advice in relation to the security that Bizcap requires once a loan application is assessed or approved.