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Complete an obligation free application; anytime, anywhere in Australia. There is no credit check for pre-approval.
Receive a decision and a personalized repayment plan to fit your budget. Upload a few basic documents for verification. All you need is a mobile phone.
Funds can be transferred to you the same day. Furthermore, access to additional funding at any time with your free line of credit.
If you have any question, please visit our FAQs page.
Business loans are finance agreements made between a business and a financial institution, usually arranged to assist the business with its capital expenditures. Running your own business is no easy task, but the rewards can be significant. In order to reap those rewards, you need to stay on top of any issues that may arise during your daily operations. Adequate funding is a major contributing factor to the success of many established firms that have utilized this extra capital efficiently, to grow and expand their operations. When applying for a business loan, it is essential to have a thorough plan and proposal for what you will be doing with the extra funds, to ensure the lender is able to offer you the most suitable finance option.
We assess the amount using a combination of factors. If you want to find out how much you’ll be eligible for, start filling out our pre-approval form. This is an easy five minutes process, and you’ll receive an almost instant decision and a rough estimate of the amount loanable to you.
Max Funding has been in the lending industry for over a decade, and we specialise in offering business finance options tailored to your business needs. You can choose between our fast, equity or unsecured loans, suitable for small or medium enterprises in many industries. In acquiring additional business capital, it is crucial that you know what you need, and what is best for the prospects of your business. This is why our team of lending specialists is committed to working with you to ensure you obtain the most appropriate finance solution for the success of your enterprise. All we need to start is some information about your business, and we will be able to give you an indication of the loan amount.
Money proves to be the lifeline for any business; therefore, whether your business is a start-up or you are running the one that already exists, securing a loan is one major factor, particularly for the small businesses. It is considered a daunting task by many burgeoning entrepreneurs and they don’t have any idea where they should start from.
Different lending institutions or banks can have their own different standards but, generally, banks need the following for your application to be considered for business loans for your small business:
Fill out our quick and easy pre-approval form and experience the expertise of our team of business specialists. Once the form is completed, our team will be in contact with you regarding to the applicable interest rate, loan terms, and other details based on your provided information.
When it comes to business loans this is the first key difference that comes forward front and center. A secured business loan is the most basic deal offered by banks and the one usually offered to people with small operations. The client asks for money and offers an asset as collateral to secure the loan. If he fails to make payments or goes into a default the asset will be used by the lender to collect their money back.
An unsecured business loan is a deal that most established business operators are able to get after having a long-standing business relationship with their bank or loan agency. The service provider offers cash up front and does not ask for collateral assets to cover the cost of the loan. If the client fails to pay back the loaned money the agency or bank are within their rights to use the legal system of the nation to secure their money back.
These type of loans are managed with a little more precision since they usually reserved for large amounts of money on very specific emergencies or special situations that require additional funding on your behalf. They are mostly offered by banks since you require a transaction account tied to your business operations. After meeting with your business agent and working out the details of the deal, you’ll be able to overdraw funds within a set limit previously agreed on with your bank.
The product comes with a lot of paperwork and red tape, but if handled correctly it can solve the cash flow problem to make a big deal on behalf of your business operation. The only concern about this type of loan is that it comes with high-interest rates and additional fees for each time you overdraw funds. The pay quotes can be negotiated, but since you are using bank funds directly the terms can be reworked by the bank to make the overdraft payment on demand and it is very little we can do about it.
After having an established relationship with your bank or loan agency you can set a credit line to secure instant funding for your business operation. Depending on the service provider you are dealing with, you’ll face different terms and conditions to secure the credit line but once you have it, you’ll get access to the amounts of money you need on a needed basis. The debt generated by credit lines are handled with set deadlines and no slump payments.
While the treatment sounds like a royal deal for most business owners, the facts are that credit lines come with a lot of restrictions, since neither banks nor loan agencies are fond of offering a blank check to even their most trusted customers. The great advantage offered by credit lines for a business is that the interest rates are calculated on the amount of money borrowed instead of the extension of the credit line itself.
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