How do I apply?
Together with our team we have made the application process fast and easy. Simply click the apply button on any one of our pages and complete the online application form (Less than ten minutes). We need a little bit of information about who you are and your business, all you will need to have ready is your driver’s licence number and your business ABN.
How does the loan process work?
You can apply for a UFA Business Loan in under ten minutes and receive a fast response – often in as little as one hour. We are proud to offer a 100% online application process with fast fund delivery (normally the same day). Traditional business loans reference an interest rate per annum plus other fees and charges. The UFA Business Loan details the total amount payable upfront inclusive of any interest, fees or charges that is then broken down into either a daily or weekly repayment figure.
- How long is short term?
We offer loans ranging between three and twelve months. On average, most of our customers repay their loans between six and nine months, however, many also like to keep their payments low and spread out their payments over the full twelve month period.
For those wishing to pay off their loans early, often a discount is offered.
- What do I need to apply?
At Unsecured Finance Australia we like to keep things simple. Unlike the big banks who require huge amounts of information about your business, we just require the basics.
We need to identify who you are, and often, a drivers licence is all we need to do this.
Loans $5,000 to $50,000 we require the last three months of your businesses banks statements.
Loans $50,000 to $250,000 we will need a little more information:
- The last 6 months of banks statements for your business.
- The most recent financials showing incomings and outgoings.
- When will I know if I have been approved?
Our team works hard to ensure all business loans are approved in 5 working days or less. However, most of our loans are approved within 24 hours.
- How long will it take to apply?
The online application process is quick and easy, and should only take about 10 minutes to complete. Or if you prefer, fill out the quick quote form on this page and get started in under a minute.
- How much can I borrow?
Unsecured Finance Australia offer short term unsecured business loans from $5,000 to $300,000. Just like a secured loan, the maximum amount you can borrow is determined by the amount of revenue and cashflow coming through your business.
- How do I know if I qualify for an unsecured business loan?
To quality for an Unsecured Finance Business Loan you will need to have the following:
- A business with 12 months trading history.
- Turnover in excess of $5,000 per month
- Regular cash flow (daily, weekly or monthly)
- What will the interest rate on my loan be?
At Unsecured Finance Australia we understand that every business is different and therefore the same loan or rate will not suit every business. As such, the interest rates on our loans change depending on the health of your business and its cashflow. Once you have submitted your application and we have assessed your application, we will then be able to provide you with a summary of how much you can borrow, the interest rate on your loan and a break down of any fees or charges.
- How quickly will I get the money?
At Unsecured Finance Australia we understand growing your business is important, so our team works hard to get your funds to you as soon as possible.If you apply before 4pm on a business day and you application is approved, we can usually have the money in your account the same business day.