At FundSpot, we get it: Late payments can mess with your credit. Unlike banks, we’re here to help you access funds when you need them. Share your story with us before credit check for a quick indicative response on your application’s success rate.
Bad Credit Consider
Regain Credit Worthiness
Scenario Focus
Take Charge
Debts aren’t all bad, especially in business where they can be leveraged into profits. But when debt spirals out of control, it impacts everything. Prevention is key—pay debts on time or early, especially credit cards. Don’t fall into the trap of paying just the minimum, as debt can quickly snowball. Manage debt wisely and seek help from an accountant if needed.
Fix Mistakes
Regularly check your credit report for accuracy. If you spot errors, contact relevant companies immediately to rectify them. While lenders can’t remove inquiries, they can correct inaccuracies like debt status, types or amounts.
Avoid Bankruptcy
Many mistakenly think bankruptcy offers a fresh start, but it can have lasting consequences. It closes off funding for 5-7 years, limits job options, and even affects travel plans. Bankruptcy stays on public records for life, impacting your ability to run a business or trade. Consider the real impact and seek professional advice before proceeding. For more information, visit the government website here.
| Best Suited For |
|
|---|---|
| Pre-approval Time* | As quickly as 3 hours |
| Settlement Time** | As quickly as 24 hours |
| Loan Amount | From $3000 |
| Loan Term | Up to 3 years including extension options |
| Interest Rate | From 1.25% per month |
| Basic Lending Criteria |
|
| Product Highlight | New business welcome |
| Dedicated Business Manager | Yes |
*Pre-Approval time applicable during office hour only and is subject to relevant document recipients and applicants availability for communication.
**Turnaround time is indicative only after signed loan contract is received. Fund transfer is subject to fund availability and settlement conditions satisfied.
Complete our obligation-free application today, and expect a call from your Business Manager shortly.
Provide some basic documents for the most suitable finance option.
Same-day fund transfer upon contract settlement.
Not sure which loan product and features are best for you? Use our comparison
table. Otherwise, reach out to us.
We’re happy to help!
1300 161 212