Unsecured Small Business Loans in Australia
Upgrade your business with an unsecured loan—a modern twist on traditional merchant cash loans. No collateral required. Save your assets for a rainy day; qualify based on sales performance and credit history. Ready to take your business to new heights?
No Asset Required
Up to 12 months loan term
Business Turnover Focus
Is unsecured business loan suitable for your business?
Despite its popularity, qualifying for an unsecured business loan can be tough. Established businesses with stable cash flow and decent credit scores are preferred. If rejected, don’t be disappointed—talk to our business managers about other finance options. We may have some surprises in store for you!
Unsecured Business Loans - Fact Sheet
| Best suitable For |
|
|---|---|
| Settlement Time* | Within 24 hours |
| Loan Term | Up to 12 months |
| Loan Amount | From $5000 |
| Asset Eligibility Criteria | Not Applicable |
| Dedicated Business Manager | Yes |
| Interest Rate | Subject to your business presented scenario |
*Turnaround time is indicative only and after signed loan contract is received. Fund transfer is subject to fund availability and settlement condition satisfied.
Not Sure Which Loan?
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!
FAQs about Unsecured Business Loans
To qualify, your business must:
– Have a registered ABN/ACN
– Established stable and frequent turnover
– Minimum monthly turnover of $5,000
– Average and above credit score
– No arrears on any existing liabilities
Unlike traditional bank requiring the business to have a minimum 2 years trading history as a company and an auditable Profit & Loss Statement; FundSpot is able to accept businesses with trading history as short as 6 months and financial statements are not usually not needed. In addition, there are more flexibility to the loan amount, with no obligation to commit to obtain a larger liability than needed with fast processing time.
With your cooperation and prompt response, your unsecured business loan can be settled within 1-2 business days once the loan is approved. Best of all, everything can be done with the touch of your finger on your phone or computer.
The approval amount is mainly based on your business performance and serviceability. It is always best to only borrow what is needed rather than maximum the debt. If you need any further information, be sure to contact our business managers