Universal Finance offer a range of unsecured business loans from 7.49% per annum. Don't pay the high interest rates being offered by other lenders in the market. Universal Finance are the unsecured loan & finance specialists for the fastest settlements and offer the lowest interest rates available. No real estate security is required, and our facilities are completely "unsecured" for our unsecured financing loans.
If you have an unsecured business loan with Prospa or any other investor and are paying high interest rates, then we have a solution to refinance their existing facility into one loan and reduce your overall monthly loan repayments significantly. Don't pay unnecessary upfront fees requested by other lenders and then they fail to deliver what they promise.
At Universal Finance, we understand unsecured business finance inside out so you can enquire with confidence knowing that you are dealing with a specialist.
Our new unsecured business funding products are ideal for any business purpose, regardless of whether you are a large business or a small business. Universal Finance has assisted thousands of Australians with their funding requirements since 1999. So, if you have been turned away by the banks or other investors or simply require a fast turnaround, call one of our friendly consultants today!
If you require any amount from $5,000 - $300,000 in unsecured finance, for any business, purpose we have made it easy to apply.
The unsecured business loans specialist in Australia
The lowest Unsecured Business Loan interest rates
Universal Finance has now released its much-awaited loan product to Australians. We have access to thousands of private investors not available to any other lenders in Australia. Bad credit is not an issue and we do not do any credit checks for unsecured business loans for new or existing businesses. We will generally lend up to 200% of your monthly business turnover. Therefore:
Monthly business income = $50,000.00
Loan amount approval = $100,000.00
We believe our finance product is the fastest unsecured business funding option in Australia. We do not require any tax returns, financials or BAS statements to verify your income. We simply request 3-6 months of business bank trading statements to establish a facility for you.
Please call our office on (08) 8344 9508 to obtain an electronic application loan form and apply online, quickly and conveniently. You will also receive a link to submit your bank statements electronically in minutes or you can email your bank statements for assessment immediately. Upon receipt of the required application and business banking statements we will provide you with approval within the hour.
Most of our loans settle the same day with minimal time and effort required by the applicant. As your monthly business income increases you can increase your loan amount with us.
New businesses never have sufficient time or money. The bulk of small businesses that fail do so because they are not appropriately financed. Entrepreneurs face start-up costs as well as on-going costs, long before any revenue is generated. Additionally, almost all entrepreneurs tend to be overly optimistic about how their business will perform financially.
One of our unsecured start-up business loans can help your business grow and prosper, pushing it past the initial set up phase.
You never know when you will need extra money and even long-established businesses can benefit from the right type of loan. Unforeseen costs can strike at any time and the speed of an unsecured loan is ideal. If your business needs to upgrade its computer systems or replace worn-out desks and chairs, an unsecured loan offers the flexibility to ensure your workplace and employees are set up for success.
Invest in the Right Equipment
In modern businesses, computer equipment becomes outdated very quickly. When you start your business, your emphasis should be on conserving cash and minimising expenses. However, you also need to ensure you can provide the best services and products for your clients, even through times of transition. An unsecured business loan is an ideal way to invest in the infrastructure of your business while maintaining your cash flow.
You Can Advertise your Expertise
Another major hurdle for small businesses is reaching their target audience. Marketing your business is crucial for ensuring it can attract customers, make sales and turn a profit. When your budget is tight, marketing can seem like a pipe dream and you feel your money is better invested in other parts of the operation.
With our Australia wide unsecured small business loans, you don’t have to choose between the present and the future. Marketing is one of many long-term investments your business can make to future-proof your company and help relieve some of the stress of entrepreneurship.
You Can Take Advantage of Opportunities
In business, having the funds ready to jump on an opportunity that presents itself is invaluable. It might be getting on-board a new system that will improve your business revenue or the chance to take advantage of a great deal. Unsecured loans aren’t guaranteed by any assets, which means there is less turnaround time. This makes them perfect when time is of the essence and your business depends on having the money to hand when you need it.
You Can Relieve Stress in Quiet Times
An unsecured loan is a simple and convenient way to smooth the path from quieter periods to your boom times. A huge number of businesses make the majority of their income during a certain part of the financial year. Our stress-free finance products can offer a safety net during the slow periods, providing peace of mind that fast finance is available if required.
You Can Avoid the Credit Card Trap
Often, the lure of a credit card can be too much for a small business owner to resist. The offers turn up in your email or your banking app and saying yes seems to be easier than turning it down. However, resisting the ease and promise of fast cash and opting for an alternative will be more beneficial in the long term.
With an unsecured loan, you have a fixed term and interest rate. You make your payment each month and it remains the same until you complete it or choose to refinance. Using a credit card means making sure you avoid interest by clearing the balance every month or suffering at a compounding rate as high as 25%.
Other reasons to choose an unsecured business loan include:
- The fast application process, because no security is needed. You do not have to itemise your holdings and the loan provider does not need to appraise any collateral. You can apply for unsecured financing online and the approval time is much speedier than a secured loan.
- The main feature of unguaranteed company financing is the lack of security. If you do not have collateral such as property or other fixed assets, it means you can liquidate or upgrade your equipment as you need without worrying about changing the loan your asset is secured against.
- The funds arrive quickly as there is less paperwork necessary. A straight-forward unsecured financing application can be approved and settled the same day in most circumstances. This makes it ideal when you want to act fast.
- Unsecured business loans can be a stepping stone to larger finance products. When you pay off a loan, it demonstrates your ability to manage finances and meet your obligations. Creating a strong relationship with your bank by successfully undertaking and completing lending will be helpful when you want to take a bigger step with your business and need finance on a larger scale.
Success in business comes as a result of careful planning. You need to have a detailed plan that shows a clear definition of your ultimate goal. The plan covers what, why, where, how and when, giving you a direction and purpose for your business.
A major part of creating your plan is so that you know where your pain points are. These could be certain costs or time-consuming inefficiencies, the challenges of attracting clients, finding employees and all the things business owners have to deal with. This map of your business’s direction will help you anticipate when an unsecured cash injection could be useful to your organisation.
For many start-ups and sole traders, living invoice to invoice is a reality and can be a difficult cycle to break free from. An unsecured business loan from a lender can help improve cash flow in the present and allow you to look beyond the unpaid invoice column in your accounts. With this increased liquidity, you can begin to invest in a marketing plan to increase your client base and other ways to grow your business.
Once your business is up and running, keeping it moving forward is the next challenge. Often this means offering more products, better products or a wider service area. An unsecured business loan will give you the cash flow you need to keep your current clients happy while giving you the backing to move into other areas and continue to get bigger and better.
As your business matures and you move into the next stage of your plan, you might find it is time to make substantial changes. This can take many forms and for a lot of businesses, this will mean moving to a bigger office, employing more staff, opening new locations, or a combination of all three. You might want to do something as simple as refurbish with a coat of paint, lay some new carpet, or even move to new premises entirely. Whatever your plans, our easy to access funding provides the flexibility and speed to be ready when you are.
Our bespoke, unsecured financial products allow you to cover even the most unexpected of bumps in your journey. Planning for the unexpected often amounts to simply understanding what options are available to you when a challenge presents itself. When it comes to unforeseen expenses, such as equipment failure or an accident, unsecured business loans can be the safety net you need, when you need it. Being unsecured makes it the fastest loan product available and gives you the flexibility to apply the funds where it is needed most.
Unsecured bank loans for a business essentially represent a situation where the loan of a mutually agreed amount of money is approved and supported only by the borrower’s credit score, rather than any property or other assets that they put up against it in case of default.
The counter-balance to the increased risk on the part of the lender is that higher interest rates will often be in effect, but when you choose Universal Finance as your preferred lender you know that you are guaranteed the lowest unsecured business loan interest rates in Australia.
Due to the significantly increased risk taken by the lender in these circumstances, a higher credit score is usually required to gain approval for an unsecured business loan.
If a borrower defaults then the lender may commission a collection agency to collect the debt or take the borrower to court.
As a safeguard against default, a co-signer or guarantor will almost always be required and they will be held responsible in your place in case of default.
Unexpected events can strike at any time in business, and things get out of hand surprisingly quickly. There are steps you can take to get things back on track and Universal Finance are here to help. It’s in everyone’s best interests that you are able to continue making payments and by speaking with us in good time, you give yourself the best chance to turn things around.
Missing loan payments can often indicate cash flow or financial management issues and our experts may be able to help free up cash from other areas of your business. Universal Finance are here to be your partners in business and give you every possible chance to succeed, not to drive you into the ground.
Anunsecured business loan is one that’s not tied to any of your assets such asproperty. You take out the loan simply with an agreement that you’ll pay itback as agreed. In general, unsecured business loans tend to be a lot faster toprocess, so they can be extremely helpful when you business gets into ashort-term financial difficulty and needs help.
Like any financial product, you should make sure you carefullyconsider whether an unsecured loan is right for you. An unsecured loan can be agood way to deal with cash flow issues, and some businesses use them when theyhave a big, unexpected expense that they would rather pay off in instalments.Or they can be useful if you’re wanting to make an investment in your business,like a new piece of equipment, and want a simple way to borrow the money.
Before you borrow, you should have a clear plan in place for howto make your repayments and check that they are affordable.
Unsecured loansaren’t just for small start-ups or businesses that are in trouble. UniversalFinance has worked with businesses of all sizes, from the brand new tolong-established. All sorts of businesses can have reasons for needing anunsecured loans, and we are here for you when you need them.
The main difference between secured and unsecured loans is that asecured loan is backed by an asset. These loans are secured against a property,equity in a property, a car, or anything else of value. An unsecured loan issimply made through a contract, where you agree the amount and frequency ofrepayments.
Secured loans can take longer to process, as they are morecomplex, but in general they can allow you to borrow more money. This isbecause, if you fail to make the repayments, it’s easier for the lender to seizecollateral, as per your agreement, so they’re more confident about lendinglarger sums.
Unsecured loanssimply rely on an agreement, so they can usually be processed much morequickly, although they’re generally for smaller amounts. Many lenders will lookat credit files and other information in order to make a decision, althoughUniversal Finance will consider applications from business customers with badcredit and issues such as defaults.
Theamount you can borrow for an unsecured business loan will depend on a number offactors. Some lenders will want tax returns, financials and lots of informationbefore they decide how much they can lend. Universal Finance will ask for 3-6months of business bank trading statements to help assess your level ofaffordability and what we can lend you. Our unsecured business loans can be forany amount between $5,000 and $300,000, with funds often available in youraccount in 24-48 hours, so you can get the cash into your business when youneed it most.
If a small business owner needs some extra funds in order to grow their business, or expand it in the beginning when costs can accumulate rapidly and become overwhelming, then they can choose to apply for an unsecured loan for their business. The loan money can be used to buy whatever machinery or equipment is required to get up and running or to replace outdated equipment and perform office renovations in the case of existing businesses.
Instead of relying on the borrower's assets as security, the only guarantees the lender has that the borrower will repay the debt is their credit score and signature on a legally-binding agreement.
A business that receives an unsecured loan has the advantage of not needing large amounts of collateral upfront to secure necessary finances. Effectively the business can start from scratch and use the loan money to build up the business without requiring substantial assets before they even get off the ground.
An bank loan for a business that is unsecured will have greater flexibility and offer shorter repayment terms and lower total amounts. This gives the business the early kick-start it needs and the incentive to push on and grow quickly to pay off its debts before they get a chance to accrue further.
Find out more about our unsecured start up business loans and other finance products by getting in touch. Call (03) 9088 8369 or email firstname.lastname@example.org to speak to one of our team. We will be happy to arrange a time to discuss your requirements and tailor a loan to suit your needs now and in the future.
Regardless of your credit situation, Universal Finance wants to help you. Talk to us today to find out what we can do for you, even if you have bad credit. We specialise in difficult loans and lending where other finances companies can’t.
Head Office Adelaide address: 3 Dequetteville Terrace, KENT TOWN SA 5067
Melbourne Office address: Level 40, 140 William Street, Melbourne CBD 3000 (By Appointment)
Sydney Office Address: 19-29 Martin Place, Sydney NSW 2000 (By Appointment)
Our service area for unsecured business finance is Nationwide.