Bad Credit Business Loans & Bad Credit Business Funding
The Bad Credit Business Finance Specialists

It is still possible to get a business loan with bad credit, but it’s best to go through a specialist broker, as this will give you a much better chance of acceptance. Universal Finance have access to one of the largest panels of bad credit business loan lenders in Australia, which means you simply make one application to us, and we match you to a lender who can offer a loan to suit your circumstances. With many lenders available, we have an excellent track record for finding business loans for those with bad credit.

It used to be the case that people with bad credit would find the loan process much longer and more difficult, as they’d usually have to make multiple applications to different lenders, as well as providing a lot more in the way of paperwork, such as financials and tax returns. However, Universal Finance have simplified the process, so when you apply for a bad credit loan with us, it should be just as fast as someone with an average credit score. We remove the need for tax returns and financials, and ensure that there’s a fast settlement, so you aren’t waiting a long time for the money to hit your account.

At Universal Finance, we can match you to bad credit loans with interest rates as low as 0.999% per month. If you have bad credit, you may find that some lenders will offer you a loan, but the interest rates will make repayments very expensive. By using a broker such as Universal Finance, we can find a number of lenders who are willing to offer you a loan, and therefore find you the best possible terms such as the lowest interest rate.

When you apply through Universal Finance, there are no credit checks. We understand you may have things like defaults, judgements, and arrears in your past, but what’s important is that you can afford to pay back a loan now. We’ll ask for information about things like your income, but you won’t need to provide tax returns or financials. We want to keep our loan process simple and easy to use, no matter what your financial situation.

Getting a loan can improve your credit rating, as long as you make all your repayments on time and don’t fall into arrears. Your credit rating is based on a number of factors, including previous borrowing and whether you’ve made payments on time. In fact, some people who’ve never taken out a credit card or loan may find they have a low credit score, as there’s nothing to show they can handle this kind of borrowing. If you take out a loan, make repayments, and pay it off as agreed, this can help improve your credit score.