Various Opportunities Unlocked Through Business Finance from LoansOne
Business financing solutions from LoansOne support business owners in planning for their company growth, and keep running it smoothly. We offer all the funding options necessary for taking your business to the next level. It can be tough to get a traditional finance for a business with no collateral. But with LoansOne, you can get any loan amount ranging from $10k to $500k Australian Dollars with no necessity for any assets or properties to be used as security.
We approve all loans within two days from the date of submission, no matter how large the loan amount is. It is only possible due to the fastest and sophisticated algorithms. Our technology facilitates an improved and new way of offering businesses the required financing. Applying for business finance is fully paperless, takes only less than 3 minutes, and does not force the borrower into the commitments until they decide to take the loan. The financial support provided by LoansOne is beneficial for a business that is experiencing rapid growth or for those who are suffering from fluctuating cash flows. It also comes with a design to support the business to gear up the buy period. If you think you can pay back the loan within 36 months of taking out the loan, then a business finance solution is perfect for you.
How to get a Business Loan from LoansOne?
Below we have shared an example of how business financing loans work. It illustrates the approach of LoansOne, concentrated on flexibility and simplicity.
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Approval
After submitting the application form, we offer immediate approval within 48 hours.
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Drawing Down
Whenever a borrower draws down on the previous credit line, we create a separate loan for them with the same interest rate.
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Commitment Tenure
The line of credit for every borrower is available for up to 12 months. During this tenure, the borrower can draw down any amount they might need.
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Repayment
Each business loan comes with a specific repayment period. You can repay the entire amount within this duration to avoid any penalty.
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Rescoring
Upon returning the entire amount and the expiration of the loan, the borrower might request a credit rescoring option. We recheck the information and the repayment schedule for updating the credit score. It also helps to determine if we can supply another loan to the same business owner for a larger amount.
How to Apply for a Business Loan
You can complete the online application of LoansOne within 2 minutes in the following way.
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Tell us something about your business.
Answer a few questions and offer some basic data for completing the application.
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Application Review
Our credit assessing team will review the application and contact you with the decision.
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Accept the Offer
Once the business finance gets approved, the borrower can instantly access their funds. All you have to do tell us when and where to deposit the funds.
Eligibility and Qualification Criteria for Business Finance Loans
Whenever a business owner applies for funding, we look for the below aspects in the application.
- The business should be established in Australia.
- The company should ideally have an annual turnover of a minimum of $120K
- The business should be trading in the market for at least 6 months
- There are no records of bankruptcy in the business
Benefits of Getting Business Financing from LoansOne
There are various advantages of getting a business financing loan from LoansOne. They are as follows.
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Controls the Cash Flow
The Loans will give your business constant financial safety by getting prepared for unforeseen expenditures. Flexible funding options will always act as your security net.
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Investment in your team
Expand your company with exceptional new launches, or acquire new talent, or for enhanced training opportunities for the existing employees.
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Entering the new markets
Reach out to new customers by discovering new ideas or by running a targeted campaign. You can do this with the help of a business loan.
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Getting Prepared for the Busy Periods
Confidently prepare for the upcoming busy schedules by making the required arrangements with no worry about any cash flow difficulties.
You do not only have to rely on our words. Check out numerous business owners we have financed over the years and have helped them in converting their companies into profitable ventures. So apply to LoansOne online and get fast access to business finance without hassle.
Call us now at 1300 524 472 to learn more about our secured short-term business loans, or take 60 seconds and apply now.
It’s time to get started
Frequently Asked Questions
It will depend on the lender’s eligibility criteria but in most cases you will be required to provide 6 months bank statements as a minimum. Some Lenders will require full financials as part of their assessment.
There is a possibility of receiving funds within a few hours but in majority of cases, within 24-48 hours
There are various funding options available in Australia; Term Loans, Unsecured business loans, cash flow loans, line of credit, invoice finance & Invoice Factoring, Secured business loans, Vehicle & Equipment Loans, Merchant Cash Advance loans.
Through LoansOne!
Different Lenders have different supporting documents required. For the majority of our lenders, a copy of ID and 6 months bank statements will be required and in some cases full financials.