All over Australia, more than 2 million small and medium-sized enterprises do business every day. They are an important foundation of the national economy, representing about 95 of all businesses in the country. Nevertheless, a significant portion of business owners running these enterprises are being denied access to credit—an important financial service—because banks and other lending institutions are not prepared to extend loans to these individuals.
As is the case with other types of loans, the creditworthiness of an applicant plays an important role when a financial institution assesses a business loan application. When a business owner has a history of failing to meet payment obligations or defaulting on previous loans, they are more likely to be chalked up as a risky debtor. Even if they are given the chance to be considered for a loan, the application process will likely be lengthy and cumbersome due to the voluminous documentation that lenders will require of them.
Finance Your Business Needs with Short-Term Alternative Business Loans
At UCapital, we understand just how hard it can be for business owners to get business finance for their venture no matter how well their business is doing at present and what sort of assets they currently own. This is why we have committed ourselves to providing short-term alternative business loans that entrepreneurs in Australia can take advantage of.
Our loan products can help you:
- Finance your immediate operational expenses
- Grow your inventory of products
- Expand or improve your business premises
- Fund the development of new products or services
- Ride out a temporary financial setback
We know for a fact that when getting loan, many business owners are unable to pledge their properties—be it their home, their family vehicle, or a valuable equipment— against their debt. When you apply for a UCapital business loan, you will be under no obligation to provide such security.
Quick and Easy Access to Industry-Leading Business Finance Service
How long does our loan application process take? Filling out our online application form takes just about 10 minutes to complete. Our clients usually don’t have to wait very long thereafter because applications are typically reviewed and approved in just 3 to 7 days. Sometimes, it even takes less than 24 hours. No hassle, no long lines, and most importantly, no voluminous paperwork to deal with.
In addition to a valid identification (e.g. a driver’s license), you will just have to submit your 3 to 6 months’ bank statements if you’re borrowing under $50,000. You will only be required to submit your latest financials or BAS if you are borrowing between $50,000 and $250,000.
Our services are Australia-wide, but commonly we provide our expert business loans service to:
- South Australia
- Northern Territory
If you wish to learn more about what we can offer your business, please call us today at 1300 123 455 for a private consultation.