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Melbourne’s Best Finance Team for Unsecured Business Loans

For Melbourne’s small businesses, versatile finance is essential. It isn’t simply about today or tomorrow, it’s about both and the journey between. Unsecured business loans can help ensure your business operates smoothly day to day but also has the security to it grow and succeed. Universal Finance offers Melbourne businesses unsecured loans that are tailored to your specific needs and help you make the best decisions for your future.

Unsecured business loans even if you have bad credit

Universal Finance has been offering Australian businesses the best borrowing services since 1999. We have the experience and expertise to tailor a finance package just for your business. Regardless of your credit history, we can help you get the funding you need.

We have a wide range of borrowing options and we work with you to understand your ambitions and tailor a package to suit your individual requirements. We offer financing to businesses in Melbourne with products that include unsecured business loans, secured business loans, caveat loans, difficult loans and more. We specialise in helping businesses get finance when other lenders can’t.

Unsecured finance for all types of Melbourne business

We work with businesses in every industry, providing bespoke financial solutions to help their specific needs. We value service and satisfaction, which means we take the time to understand your business and its ambitions, then provide financial products that are right for you.

For our business loans, interest rates start as low as 0.999% per month. Your loan will be settled with 24-48 and you won’t have to pay any upfront fees.

Some other advantages of our loans include:

  • Apply easily online.
  • Submit bank statements electronically quickly and simply.
  • We don’t need financials or your tax returns.
  • We offer no doc and low doc income verification.
  • Bad credit and defaults don’t count against you.
  • Pay your loan early without penalty.
  • Choose your term from one month to seven years.


Providing Melbourne Businesses with Bespoke Finance Solutions

Every business is different and as a result has differing needs when it comes to obtaining business finance in Melbourne. Traditional lenders such as banks have a rigid set of lending criteria which doesn’t suit some business models and ultimately make it impossible for these businesses to obtain credit. Universal Finance are proud to be different. We assess applications for Melbourne business loans on their own merit and as a result can offer companies the financial solutions they need, even if they have a bad credit history or are unable to provide the supporting documentation required by traditional lenders. If you’ve been turned down for credit from the banks and need business funding urgently, look no further than Universal Finance. We understand the wide range of business models in the world of modern business and can offer the financial products to sustain them in both the short and long term. Whatever your business funding requirements may be, Universal Finance can help, get in touch today and let us help you meet your business goals.

When it is time to fund your loan and finalise the details, it is all completed electronically in a matter of minutes.

Get in touch today to find out more

Start your financial journey with Universal Finance today by getting in touch with our team. We will be able to answer any questions you may have and discuss your business and goals to tailor a solution for you. Call us on (03) 9088 8369 to speak with us directly or use our online contact form and we will get back to you as soon as we can.

FREQUENTLY ASKED QUESTIONS

What are unsecured business loans Melbourne?

Unsecured business loans are a type of loan that isn’t securedagainst any of your properties or assets. You simply sign a contract agreeingthe amount and frequency of repayments. Unsecured loans are a lot faster toprocess than secured loans and require a lot less in the way of paperwork, soyou can have the money in your account much quicker.

What are the minimum requirements to apply for an unsecured business loan Melbourne?

Universal Finance don’t have any specific requirements forapplying for an unsecured business loan. This is because we work with dozens oflenders, each of which has their own requirements, so we simply match you toone that suits your needs. Even if you’re a new business, have a bad credithistory such as defaults, or don’t want to submit your tax returns, we canusually still find you an unsecured loan through our panel of lenders. Simplycall us on (03) 9088 8369 and we can give you a quote.

What’s the difference between secured and unsecured loans Melbourne?

The main difference between secured and unsecured loans is thatthe former requires some form of collateral to secure it against. A securedbusiness loan is tied to an asset such as a commercial property, land, or evenfuture invoices, while an unsecured business loan is simply given with acontract as an agreement. However, this does mean you can usually take outlarger loans. Unsecured business loans can be better for small businesses whomay not have many tangible assets, or who want to borrow smaller amounts. AtUniversal Finance, you can apply for unsecured business loans from $5,000 to$300,000.

What is the interest rate on an unsecured business loan Melbourne?

The interest rate on your unsecured business loan will depend on anumber of factors, such as the amount and length of the loan. Applying viaUniversal Finance is the best way to get the lowest interest rate, as we workwith a panel of lenders, so we can find you the best deal. Our interest ratescan be as low as 0.999% per month, and there are no upfront fees for ourfinancial products.

Will I need to complete a lot of paperwork to get an unsecured business loan in Melbourne?

Universal Finance are experts in unsecured business loans, so we’ve streamlined the entire process, meaning it’s as quick and easy as possible. You can apply online, or over the phone, and we don’t ask for financials or tax returns. If we need information such as bank statements, these can simply be uploaded to our website, which is simple process. We aim to settle your loan in just 24-48 hours from when you apply.