Trade Finance - Builder
Working as a Builder can be challenging, with cash-flow often unreliable and up front expenses for materials required to complete jobs it can be difficult to stay on top of the weekly commitments.
Unsecured Capital work with Tradies from all industries and understand the importance of having fast access to capital when it’s required. We also appreciate as a small to medium business owner in Australia it can be both time consuming and difficult to secure funding from traditional lenders. Unsecured Capital assess your business on it’s potential, not just it’s current trading history.
Whether you are looking for some extra cash flow to tide you over between jobs or want to grow your business, Unsecured Capital can help.
Case Study Scenario Example
- Business Type
- Finance Purpose
- Material purchase
- Amount Funded
- Funds Disbursed
- Same Business Day
Free to apply, no obligation, no financial statements. We won't ping your credit file!
Why Choose Us?
High Approval Rates
5 Minute Online Application
Receive an Approval In Hours
Same Day Settlement
The assessment team in our business have backgrounds spanning many diverse industries and understand how to assess a businesses not only on it’s past performance, but also it’s future potential. This often sees our clients approved, even when the banks have said no.
No Security Required
Traditional lenders require some form of security to be placed against a loan. The unsecured business loans from unsecured capital generally span 6 to 12 months and do not require any form of security. This can make the borrowing process less stressful as you don’t have to put up the family home or car as security.
How long will it take to apply?
We have a fast online application form that only takes a few minutes to complete.
How fast will my funds be available?
<div id=”stcpDiv”>At Unsecured Capital we understand growing your business is important, so our team works hard to get your funds to you as soon as possible.</div>
<div>If you apply before 4pm on a business day and you application is approved, we can usually have the money in your account the same business day.</div>
How much can I borrow?
Unsecured Capital offer short term unsecured business loans from $5,000 to $300,000. Just like a secured loan, the maximum amount you can borrow is determined by the amount of revenue and cashflow coming through your business.
What are the standard loans terms?
The standard unsecured loan products we offer span 3 to 12 months. Most of our customers repay their loans between six and nine months, however, many also like to keep their payments low and spread out their payments over the full twelve month period. Some of our equipment and vehicle finance products have payment terms up to 60 months.
Should a customer wish to pay off their loan early often discounts are applied.
How long until I know if I am approved?
95% of our customers receive a loan approval outcome within a few hours. However, for more complex cases it can take up to 3 business days.
What do I need to apply?
At Unsecured Capital we like to take the headache out of applying for business finance. We don’t require your full business history like the big banks, just the basics:
We need to identify who you are, and often, a drivers licence is all we need to do this.
Loans $5,000 to $50,000 we require the last three months of your businesses banks statements.
Loans $50,000 to $250,000 we will need a little more information:
<li>The last 6 months of banks statements for your business.</li>
<li>The most recent financials showing incomings and outgoings.</li>
How do I know if my business will qualify for a loan?
To quality for an Unsecured Finance Business Loan you will need to have the following:
<li>A business with minimum 6 months trading history.</li>
<li>Turnover in excess of $5,000 per month</li>
<li>Regular cash flow (daily, weekly or monthly)</li>
What are your interest rates?
At Unsecured Capital we understand every business is different and therefore the same loan or rate will not suit every business. As such, the interest rates on our loans change depending on the health of your business and its cashflow. After you have submitted your details, we assess your application and provide a detailed summary of how much you can borrow, the interest rate on your loan and a break down of any fees or charges.