When you apply for a loan from a traditional lender, it is standard practice for the financial institution to seek some collateral to use as security against the loan. In the case that the borrower defaults on their repayments, this collateral can be used to help the lender recover their lost assets.
An Unsecured Business Loan is considered "unsecured" because there is no collateral involved. Lenders in this category expose themselves to greater risk, as they have little recourse if the borrower defaults. For this reason, the borrower’s credit plays a more important role in determining how much they can borrow at one time.
If you or your business is able to pass a credit check and meet certain income requirements, chances are good that you qualify for an unsecured loan from Max Funding ranging anywhere from $2,000 to $300,000. This could be an ideal solution when your business is just getting started and doesn’t currently own the assets needed to post as collateral for a mainstream loan.
We understand how hard it is to get funding as a small business That's why we have made our criteria flexible to suit start-ups. Complete our five-minutes pre-approval application and we will give you a pre-approval result straight away!
Trading for 6 months+
|Unsecured Business Loans||Secured Business Loans|
|Loan Amount||$2,000 - $300,000||$20,000 - $1,000,000|
|Loan Terms||1 to 12 month||1 to 36 month|
|Pre-Approval Time||5 minutes||1 to 3 hours|
|Interest Rate||Higher interest rates||Lower interest rates|
|Business Stage||Established||Start-up or established|
|Credit score||Good credit score required||No good credit score required|
Max Funding's Unsecured Business Loans allow small business owners across Australia to access funding fast, without any security requirements. With flexible repayment options to suit your cash flow, we are the preferred option for business owners like you. Get pre-approval within 5 minutes now (available 24/7)!
Every loan is different, and there are many lenders and service providers out there who simply aren’t prepared to provide local businesses with enough cash to make a difference. But at Max Funding, we’re committed to providing sufficient capital to our clients with operations running at acceptable levels.
The amount that you can borrow through our Unsecured Business Loans depends on your credit rating and monthly turnover. We allow borrowers to take out anywhere from $2,000 all the way to $300,000, as long as they appear solvent enough to repay this within a year.
If you’re searching for financial assistance for a small business in Australia, it can be difficult to know where to turn.
The bricks and mortar banks around the country maintain oppressively strict screening protocols, making getting a loan a difficult and time-consuming process. Needless to say, most business operators would welcome a more streamlined application process.
Thanks to Max Funding, you can now obtain unsecured business finance with a few clicks on your computer. There’s no need to waste time shopping around from one financial institution to the next. Instead, all you have to do is browse our selection of financial products and take advantage of our quick and painless application process.
Applying for business loans that are unsecured is an easy and straightforward process. Your application begins right here on this website. So if you’ve made it this far, you’re only a few clicks away from being pre-approved.
We’ve included a short application form right here on this page. All you have to do is fill it out with some preliminary information about the loan you would like to receive and your business’ credit history. Once you’ve completed the form, you’ll be well on your way to finalising the application.
Here’s an overview of the basic information we ask for:
All you need to tell us is approximately how much cash you would like to borrow for your business. Bear in mind that we won’t hold you to the figure you enter here, so it’s best to err on the high side if you’re unsure how much you’ll actually need.
What’s the primary purpose of taking out this loan? Are you in need of start-up capital to set operations in motion, or are you looking to resolve short-term issues with cash flow? Perhaps you’re intent on growing your business over the next few months and know that you’ll need a bit of extra capital to make this possible. Let us know, and we’ll structure your pre-approval accordingly.
Finally, we’ll take your credit history into account. As unsecured lending doesn’t require any collateral, we will have to take your credit rating more seriously than we do for some other types of loans. However, this is not the end-all of our screening process, and we’re firm believers that every business operator deserves a second chance.
There are plenty of lending agencies offering unsecured small business loans in Australia, but we truly believe that our process and lending philosophy set us apart from our competition. First and foremost, we understand that every business is different and has its own unique set of objectives and challenges. With that in mind, we strive to tailor each loan to the borrower.
We’re an agile and ambitious 21st-century lender, and we believe today’s small business owners deserve access to lending packages that are suited to modern-day operations. If that means letting go of dated conventions and an obsession with 20th-century lending criteria, we’re eager to do so.
If your business is in need of a timely loan, but you don’t have the collateral required to secure it, Max Funding can help. Click "Apply Now" at the top or simply fill out the form on this page. If you have any questions, don't hesitate to contact us.
|Short-Term Unsecured Loans||
History of finance suggests, short-term Unsecured Loans work best in cases of small business expansions, paying off debt highly rated in the context of interest and grasp an inevitable business opportunity.
More often than not, Equipment Finance is small Business’s way of recovering from poor cash flow and working capital.
In simple words, the lender pays the suppliers of the small Business and borrower further make the repayment within a specific time-frame along with interest.
Trade Finance refers to a kind of unsecured Loan where the lender on the basis of documents and bill of Lading pays off the arrears of the small Business and allow the borrower to make repayment within 120 days.
“Equipment Finance” basically refers to the submission of a piece of Equipment by the borrower to the lender till the time of complete repayment of Loan.
Invoice Finance also stands for Debtor Finance. Basically, some Small Businesses hold receivables in the form of “debt” from the customer’s and clientele’s end.
In this situation, the unpaid invoices are used as an aspect of acquiring an unsecured loan amount in exchange. As per this option, upon the non-repayment loan, the lender is free to acquire the amount payable according to the invoices financed.
Max Funding caters its services to businesses of all sizes, regardless of whether they are new or existing. To qualify for an unsecured business loan, it’s easy. Simply complete the 5-minute easy-to-be-eligible application form, and Max Funding will get back to you immediately after.
In most cases, when borrowing from traditional banks, borrowers are required to provide the banks with some type of collateral, which is to be used as security against the loan. Whilst, an unsecured business loan as offered at Max Funding, allows funds to be borrowed from the lending institution without the need of any secured collateral.
To apply for an unsecured business loan, simply complete the pre-approval form requiring only 5 minutes and Max Funding will get back to you immediately after.
Here at Max Funding, we pride ourselves in our delivery of providing customers of any business type sufficient working capital to help fund their business operations.
A funding solution we offer to our clients is the unsecured business loan. We understand the importance of having flexibility and thus offer customers funding as low as $2,000 and as high as $300,000 with our unsecured business loan. The amount in which you are eligible to borrow is dependent on various factors, including, your credit history, business trading history, average monthly turnover and the existence of a co-applicant.
The rates of interest vary for every business. These interest rates are dependent on the situation of each business; taking into account factors such as business requirements and overall business health. After you have submitted your pre-approval application to obtain an unsecured business loan, the team here at Max Funding will quickly get back to you. You will be informed how much you are entitled to borrow, at what rate along with a suitable loan term repayment plan. All these will be made clear by our specialist team before you make a decision.
Unlike traditional banks, here at Max Funding, we have made it easy for our clients to obtain funding – all with minimal requirements. To apply for an unsecured business loan, all that is required of you is a short and fast-to-complete application form which requires only 5 minutes. To complete the easy-to-be-eligible application form, all you need is some basic preliminary information, such as your business’s credit history, your loan purpose and desired amount.
Once you have completed the application form, the specialist team here at Max Funding will get back to you with a decision immediately. If your loan application is approved, verification is completed and the contract is signed, the funds may be transferred to your account within just 24 hours!