Australia has always ranked as one of the most entrepreneurial countries in the world. Here, creativity thrives, and many great ideas turn into reality, often within the premises of small businesses managed by determined business owners. Despite this, tens of thousands of small businesses across the country are still being denied access to commercial finance because traditional lenders are unable to appropriately assess small business risk and provide the commercial loans that entrepreneurs need.
Often, business owners miss out on the benefits of loans because they have bad credit score or no credit history at all. These people are unable to get funding because they are seen as high-risk borrowers. Moreover, these entrepreneurs are also often required to pledge an asset—their family home, for example—against their debt. Understandably, they are not always prepared to provide such security. Sometimes, however, the credit providers simply can’t approve the loan fast enough for the lenders to take advantage of a fleeting business opportunity.
Short-Term Alternative Commercial Loans: Financing for the Future
Fortunately, small business owners in Sydney and New South Wales have the option of choosing to get a short-term alternative commercial loan instead. With such a loan from UCapital, you can get the funding you need quickly and without having to attach a collateral.
Usually, our clients take advantage of financing in order to accomplish the following:
- Buy needed business equipment
- Finance the physical expansion of the business
- Improve time-to-market of new products being developed
- Fund employee payroll, rent, utilities, supplies, and other operational costs
Loans can be used for any other business-related purposes, be it paying for immediate expenses, improving efficiency, increasing company revenues, or growing the business itself.
Get Alternative Commercial Loan Effortlessly
How do you know if a UCapital commercial loan is right for you? If you’re one of those business owners who need commercial finance quickly, you will be happy to learn that applying for UCapital loan online takes just about 10 minutes to complete. We aim to approve all loan applications within 3 to 7 seven days, although some are easily approved in just 24 hours.
When you apply for a commercial loan with us, you will just be required to submit valid identification (e.g. a driver’s license), plus your last 3 to 6 months’ bank statements if you’re loaning under $50,000. Additionally, we’ll only ask for your most recent financials or BAS if you’re loaning between $50,000 and $250,000.
For more information about our commercial loans, please don’t hesitate to call us at 1300 123 455.
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