Business Loans

Our specialists can tailor a business loan to help secure the future of your business

Capitalise on opportunities using a business loan

Uncertainty is considered an obstacle rather than an opportunity far too often in business. As a result, many businesses proceed with caution and take a reactive approach rather than look to capitalise on opportunities.

An easy way to take advantage is by obtaining the finance required to take your business to another level. Don’t wait days and months for a response. Apply for a business loan with Simply Funds in minutes with finance approved and settles quickly.

What can business loans be used for?

Additional funds can help turn weaknesses into strengths and threats into opportunities. For some businesses it is as simple as being caught short on the deposit required to settle a property or an outstanding ATO debt. Other may be looking to improve their efficiency by purchasing new equipment while some may require extra working capital to capitalise on growth opportunities that they have identified.

Whatever the case may be, our professional staff are here to help. When time is of the essence and banks are making it difficult to obtain finance, it is time to turn to someone that makes it simple – Simply Funds.

Business loans to cater for all needs

We understand that the needs of a business vary depending on a number of factors including size, financial position, and business cycle stage. Find the business loan type that suits you.

Small Business Loans

Managing cash flow and operating capital for small businesses can be particularly challenging. As a result, they often need additional funds to deal with an array of issues such as unexpected overhead costs, bad debt, and cash flow issues.

Bad Credit Loans

Whether you are an established business or looking to start a new venture, an unhealthy credit history doesn’t have to prevent you from achieving your goals. Unlike banks, we believe that everyone deserves a second chance.

Secured Business Loans

If you have an asset that can be used as security, it is time to capitalise on opportunities by taking out a secured business loan. There are several advantages with secured business loans including a lower interest rate and the ability to borrow a greater amount.

Fast Loans

At Simply Funds we pride ourselves on being able to provide safe, quick, and hassle-free business loans. Our streamlined application process takes a matter of minutes with funds becoming available quickly.

Start-up Business Loans

Obtaining a business loan through a major institution can be almost impossible for a new business. With no income or sales history, a great idea and a detailed business plan is rarely enough. Flexible lending guidelines mean that we can help turn your idea into a successful future.

Business Loans FAQ

Am I eligible for a business loan?

At Simply Funds we offer several different business loan options. The most suitable business loan option will depend on your financial needs and financial situation.

The easiest way to find out if you are eligible is by completing our streamlined application process which can be done in a matter of minutes. It is an obligation free application with no credit checks conducted for pre-approval.

Why is it so difficult to get a business loan from a bank?

If you are tired of being told no by your bank and forced to constantly jump through loops, it is time to explore alternative financing from Simply Funds.

Major lenders such as banks are becoming extremely risk averse. They largely focus on credit history and a quick to put a line through applications. Alternatively, our flexible lending guidelines and loan products allow us to tailor a business loan to specifically suit your financial situation.

How do I apply?

With Simply Funds you can apply for a business loan in 6 easy steps.

1.Enter your details and loan amount
2.Talk to one of our lending specialists regarding your financial situation
3.We will compile a pre-approval and provide an estimated loan summary
4.Where required, we will conduct a desktop valuation (no formal valuation)
5.Loan documents drawn up and sent to your solicitor
6.Loan settled and funds transferred to your nominated account

What information is required to complete loan application?

To complete an application your will need to provide some basic personal details including:

100-point identification (driver licence, birth certificate, passport etc)
You ABN
Bank Details (BSB and account number)
Some loans will require additional information. For instance, to apply for a second mortgage you will need to provide details of your first mortgage. Loans for a significant amount may also require some basic financial statements.

How long does it take to get approved?

Our streamlined application process and professional staff can provide you with a pre-approval within an hour of completing an online application. The application process takes minutes with our dedicated support team beginning the approval process immediately.

How fast can I get the funds?

Our fast approval process means we can get you funded and settled in less than 48 hours. It should be noted that some loan types such as caveat loans and second mortgages may take longer.

How much can I borrow?

You can borrow between $50k and $100 million without the hassle of dealing with the banks. The amount you can borrow will vary depending on the loan type, purpose, collateral, and financial situation.

What can I use as security for a business loan?

The most common form of security is real estate. The eligible LVR ratio will depend on the type of property that you own. We offer an LVR of 70-75% on most residential and commercial property. You may also be able to use rural property but with a decreased LVR.

Can I get a business loan without collateral?

YES. There are several loan options available that do not involve the use of collateral. These are known as unsecured loans are generally for smaller amounts. An unsecured loan does not require the use of physical assets as a form of security. Instead, factors such as cash flow are taken into consideration as part of the lending criteria.

What types of business loans does Simply Funds offer?

We understand that the needs of a business vary. Size, financial position, and business cycle stage all play a part. As a result, we offer a variety of loan types including:

- Small Business Loans
- Bad Credit Loans
- Secured Business Loans
- Fast Loans
- Start-up Business Loans

How often do I need to make repayments on my business loan?

One of the benefits of a Simply Funds loan is that we offer flexibility with respect to loan term and repayments. We can design a repayment plan that is aligned with your business and cash flow. This may be fixed periodic payments (weekly, monthly etc), lump sum payments, or a combination.

In addition, we offer interest capitalisation on specific loan types such as development loans.

Can I pay off my business loan early?

YES. You can both pay of your business early and made additional repayments at any time to lower the balance of your loan.

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How much do you want to borrow?

A Bizcap provides both Unsecured and Secured loans to Small Business Owners. When assessing a loan application Bizcap generally doesn't take into consideration if a prospective customer has specific assets to provide as security. However:
(a) if the loan amount is above $30,000 (or any other figure which Bizcap determines from time to time), Bizcap will, under the loan agreement take a charge. For a corporate borrower and any corporate guarantor, the charge is over all of that entity's present and after-acquired property (that is. the security is not over specific assets but any and all assets which the entity may have). For a sole trader borrower and any individual guarantor, the charge is over its current and future real property; and
(b) in certain instances, for example, where the loan relative to the cash flow of the borrower is of a size that warrants the provision of security over specific assets. Bizcap may require specific security to be granted over those assets. Bizcop may register its security interest(s) under relevant legislation, including the Personal Properties Securities Register and the register held under the Real Property Act 1900 (NSW) or Its equivalent.
I n addition. Bizcap may take personal guarantees from directors of corporate borrowers, directors of corporate guarantors and certain individuals. No registrations are made in respect of guarantees.