Mortgage News February 26, 2020
Small Business Loans - Making it Easy

There are many types of finance available and each comes with its own challenges and rewards.

Often, one of the toughest types of lending to secure is funding for a small business. In the early days of building a business, when you need cash-flow most, the banks are often reluctant to take a chance on you.

To make things easier we have teamed up with a respected Australian company called “Prospa”, started by people who were themselves business owners who tried (and failed) to get funding from the banks. They now offer business loans from $5,000 to $300,000 with terms between 3 and 24 months and you can make repayments daily or weekly.  

You can apply online through our website and get a quick answer – sometimes within an hour during standard business hours - and if you apply before 4pm on a business day and are approved, its possible to have the money in your account the next business day.

To apply you need to be able to demonstrate 6 months of trading for a new business (or just 3 months if you have purchased an existing business) and for lending under $150,000 you just need a Drivers Licence and details of your business – not even any financials!

It takes about 10 minutes to work through online and you can do that here - APPLY


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