UCapital Small Business Loans
Why choose UCapital?
As one of the first in the industry, we have built a reputation for responsible lending. We have hundreds of happy clients and 80% of them use us more than once. We offer quick service, which often results in cash in your pocket within 48 hours.
What kind of business loan does UCapital offer?
We provide small business loans for up to $300 000. Loans under $150 000 require minimal documentation. The term is generally 3 to 12 months but can be extended to 24 months. Payments can be made daily, weekly or fortnightly.
UCapital business loan compare to other funding options?
Applying for a business loan from UCapital can be done online, or over the phone, in less than 10 minutes. Our approval is so quick that you could receive the funds in under 48 hours. Unlike most traditional lenders, we require minimal documentation. We also detail upfront the total amount payable, including all interest fees and charges, so you know exactly what you’ll be paying. A UCapital business loan can be used for any business needs.
Applying for a UCapital Business Loan
How do I apply?
We have made applications quick and easy. Simply apply online, or over the phone. For loans under $150 000, you’ll need your drivers license number, your ABN and 6 months bank statements. Loans up to $300 000 require full application (financials, tax portal etc).
How much do I qualify for?
We offer alternative business loans of up to $300 000. The maximum amount is based on the revenue and cash flow of your business.
How quickly will my loan be approved?
We aim to approve loans in less than 24 hours.
When can I get the money?
Once approved, we will send you an offer. On acceptance, you can receive your money by 4pm that day.
Business Loan Repayment Terms
What are the loan repayment terms?
Loans can be repaid from 3-24 months. Early loan repayments could result in an interest payment discount.
How much will a UCapital business loan cost?
There is no set cost. Rates start from 9.9% p.a.* Our rates are tailored to each individual client, based on industry, business history, turnover, cashflow and other variables. Only once we have processed and approved your application, will we be able to give you an upfront total cost. This total loan cost will be discussed and agreed upon prior to any commitment.
How does my business repay the loan?
Repayments can be made daily, weekly, or fortnightly. We will discuss the best option for your business during the application process.
Are there hidden fees?
No. We are upfront with all costs involved.
What is an alternative business loan?
An alternative small business loan is not purely based on security, but is based on the performance and success of your business. It is a lump sum over a fixed term with a streamlined application process, quick approval and repayments tailored to your cashflow.
Does UCapital require security for a business loan?
No asset security is required for loans up to $100 000. We do however require a personal guarantee. As long as loan obligations are met, asset security will not be required. Loans between $100 000 and $300 000 will require a personal guarantee and security in the form of a charge over assets.
What can I use the money for?
The money can be used for any business purpose. Our clients often use a UCapital business loan to:
- Create a marketing campaign
- Renovate their buildings or shopfronts
- Buy bulk stock at discounted rates
- Help with BAS payments without affecting cashflow
Is a UCapital business loan right for me?
We’ve helped over 1 000 businesses across Australia with the funds they needed to grow their businesses. Why not apply online or give us a call for an obligation free assessment. Click here to apply online.
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