Would I still qualify for s short term business loan, even if I have a poor credit score?
YES – We understand that things can go wrong and that can affect your credit score. We are here to help those business owners, which is why credit scores are irrelevant to us.
What are the advantages of a short term business loan?
If you needed a large sum of money for your business BY TOMORROW, what would you do? Your bank can’t help, and most finance companies can’t quickly fund large amounts of money. So a short term business loan is the ONLY answer.
What is the loan term of a Short Term Business Loan?
Short term business loans (as the name suggests) are loans that are for a short term of 1 month through to 6 months. They are not a long term solution, but rather just an immediate short term fix.
How long is a short term business loan?
Our loan terms range from 1 month to 12 months, however extensions are available.
How do you qualify for a short term business loan?
You need to have a registered ABN or ACN and sufficient equity in real estate assets.
Do I need to put up collateral for short term business loans?
Yes, We require equity in a real estate asset, this can be a residential property, commercial property or vacant land.
Can I increase my business loan halfway through the term?
If there is sufficient equity available an increase of the loan could be considered.
How are short term business loans repaid?
Normally short term business loans are repaid from sale of an asset, refinance or business income.