Business Loan in Melbourne: Helping Local Businesses Thrive
As a business owner, there comes a time when you need some extra cash to keep your operations running or to grow your enterprise. Nevertheless, obtaining funding from traditional lending institutions can be tasking and slow due to their stringent credit requirements.
However, in Melbourne, businesses have a lifeline in the form of Melbourne Business Loans (https://businessloanmelbourne.com.au). This non-bank lender is providing accessible and straightforward business financing for local small and medium-sized enterprises.
Why Choose Business Loans in Melbourne?
Melbourne Business Loans specializes in short-term loans ranging from $10,000-$500,000 with flexible terms that are tailored to meet the unique needs of each client. Their loans are ideal for any business purpose including:
- Expansion or renovations
- Equipment purchase
- Marketing & advertising
- Hiring new staff or training existing ones
- Inventory restocking
Unlike bank loans that draw out the application process for several weeks or months, you can get funding approval from Melbourne Business Loans within 24 hours.
How It Works
Applying for Financing through Melbourne Business Loans is convenient as well as fast. Here’s how it works:
- Application - Simply fill out an online application form with your basic business details such as name, address and email address. Also include the loan amount you require and for what purpose.
- Approval - Once you submit your application form; they will review it within 24 hours. You can expect a call from them confirming receipt of your request as well as advising on what documentation they need to progress with processing.
- Funds Disbursement – Once all documentation has been received; they will decide whether to approve your loan request or not based on their assessment of your business finances. If approved; funds will be disbursed into your nominated account immediately.
Who Can Apply
The application process for their loan products is easy and straightforward. However, there are minimal requirements necessary to qualify for the loan products they offer:
- Be a registered business operating in Australia
- Have a valid Australian Business Number (ABN) & tax file number (TFN)
- Provide bank statements for the last 6 months of your business operations.
- Proof of identification
Benefits of Melbourne Business Loans
Choosing Melbourne Business Loans as your go-to lender offers numerous benefits including:
- Fast Approval-You get loan approval within 24 hours from submission of application.
- Seamless Application - The online application process is easy and efficient
- No Collateral Required- You don't require any assets or security to apply.
- Flexible Loan Repayment Terms - Their repayment terms are flexible and can be tailored to meet individual clients’ unique requirements.
Frequently Asked Questions
What is the minimum period that I can take to repay the loan?
Melbourne Business Loans offers short-term loans ranging from 30 days up to one year, with no early payout fees.
Can I apply for another loan even if I haven't finished paying off my current one?
Yes, you can apply for multiple loans simultaneously as long as they do not exceed your borrowing capacity.
What happens if I can't pay back the loan in time?
Melbourne Business Loans understand that situations arise beyond our control that may cause us to fall behind on payments; however, it's important that you inform them immediately so they can work out an alternative arrangement or solution with you.
Conclusion
If you need financing urgently or couldn’t secure funds through traditional lending channels, then it’s worth considering Melbourne Business Loans. Their rates are competitive, and their lending process is very fast & convenient compared to other traditional credit providers.
So don’t let lack of capital hold your business down! Get in touch with them today at https://businessloanmelbourne.com.au/