FAQS

There is no set cost. Our rates are tailored to each individual client, based on industry, business history, turnover, cashflow and other variables.

Before we fund any of our clients, we make sure that both parties benefit. The client wants the best rates as much as we want the loan paid back. Ultimately, as far as the actual rate is concerned you would need to give us a call.

Early settlements will not trigger penalties or extra costs.

The fact that 80% of our clients re-finance with us, is evidence that we provide great rates and service.

NO we are not. We cannot help businesses in trouble. We can however help businesses that are healthy, but who cannot get a bank loan due to their strict qualifying criteria. Our application process is easy and the application approval is fast. That is why many of our clients prefer our services and use us again and again.

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 on the same day of application.

We were one of the first unsecured lenders in Australia. We understand the SME market. We are in this business to help SMEs and not destroy them. We use our data scientist and well-seasoned credit engine to provide a reasonable loan that your company can afford to pay back.

80% of our clients use us again. Take a look at some of our testimonials.

Yes, it is possible, but very difficult to get an unsecured loan from the bank. Many of our customers have existing relationships with their banks and large asset portfolios, but still find it difficult to raise finance for certain needs. If you want to jump on an opportunity, you can’t afford to wait 3 months for the bank. That’s where we come in.

If a business has made repeated credit enquiries over the last 3 years, and you have been declined on many occasions, then YES being declined again by UCapital can damage your credit score.

That is why we take care in our prequalification process, BEFORE we get your approval to check your credit file. In that way, we avoid affecting your credit score negatively.

As a general rule, we can lend between 70 and 90% of business’s average monthly turnover. For example, if your turnover is $100,000 a month, we could potentially give you a short-term loan of $80,000. This, however, depends on the information you provide.

Secured loan. Traditional lenders will usually attach some form of security to a loan, like property

Unsecured loan. If you don’t have equity in your property and you don’t have the time to wait, an unsecured loan is your next option. We look at the loan differently. Once we have determined you have a good business and reputation, we understand you are motivated to keep it that way. We don’t attach a property to the loan, rather we base the loan on the health of the business and its ability to repay the loan.

We have made it easy to apply online or over the phone. For loans under $100 000, we will need a copy of your driver’s licence and 3 months of bank statements. Loans over $100 000 will require additional paperwork.

Once approved we will send you an offer and once accepted, you can receive your money by 4pm that day.

We provide loans to SMEs between $5 000 and $250 000. Loans under $100 000 require no security. The term is generally 3 to 12 months, but can be extended to 24 months. Payments can be made daily, weekly or fortnightly.