The most common use is for Day-to-Day Capital (35% of applicants), which covers everyday operational expenses to optimise liquidity. Other top purposes include Expansion (13%), Waiting for invoices to be paid (10%), funding a New Fit-out (8%), and to Pay Domestic or international suppliers (5%).

Yes, and our approval rate for newer businesses (trading between 6 months and 2 years) is 95%. While some lenders prefer a longer history, many on our panel specialise in funding newer enterprises. For businesses in this early stage, demonstrating strong and consistent income is the most important factor for approval.

Yes, options for business funding are available. While a strong profile will secure the best rates, we can achieve approval rates of around 70-80% for clients with minor paid defaults, such as a small Telco default. Some specialist lenders focus more on your recent business performance and revenue rather than past issues.

Reputable online lending platforms use bank grade 256-bit encryption to protect your data. When you connect your bank account for verification, it is typically a read only connection, meaning no one can see your login details or perform transactions.

Unlike traditional banks which can take 4-6 weeks, many non-bank lenders can approve and transfer funds much faster. Our average funding time is 2-3 days, with 25% of our clients receiving funds in under 24 hours. For urgent needs, funding can be arranged on the same day if the application is completed before mid-day. For example, we funded a wholesaler with $90,000 in just 4 hours to pay an urgent supplier invoice.

Yes, this can be a smart financial strategy for working capital management. If your business's financial position has improved since you took out your original funding, you may qualify for a new facility with a lower interest rate to pay out your existing debt, potentially lowering your overall repayments.

A formal application will leave an enquiry on your file. However, using a matching service or broker often involves an initial 'soft' check which does not impact your score. A formal enquiry is only made once you decide to proceed with a specific lender, minimising the impact on your credit file.

Typically, lenders will ask for the last 6-12 months of business bank statements, your ABN, and personal identification for the directors. Some may also ask for recent financial statements like a Profit & Loss statement, especially for larger funding requests.

Not necessarily, but they are closely related. An unsecured facility is any funding that doesn't require collateral. Working capital loans are a specific type of funding used for operational costs, and they are usually unsecured. For our clients, an unsecured term loan is the most popular choice for working capital.

Yes. We find that 15% of our successful working capital applications involve clients with a managed ATO debt. If you have an outstanding debt with the Australian Taxation Office but are on a managed payment plan and up to date with payments, many lenders will still consider your application. We successfully arranged a $100,000 cash flow loan for a construction business in this exact situation.

A working capital loan provides a lump sum of funds upfront, which you repay over a fixed term. A line of credit gives you access to a pool of funds up to a certain limit, and you only pay interest on the amount you draw down. An unsecured term loan is the most popular choice for our clients. However, a line of credit can be a powerful tool for strategic growth, like the $120,000 facility a digital marketing agency used to hire new staff and double their revenue.

This depends on the lender. Many modern non-bank lenders have no penalty for early repayment, which can save you a significant amount in interest. It's an important feature to ask about when comparing offers.

Lenders use sophisticated software to analyse your business bank statements. They look for consistent monthly turnover, the frequency and size of deposits, and whether you have a healthy financial buffer at the end of each month. They are looking for a predictable pattern of income.