Moula Business Loan

Moula Business Loan
- Borrow up to $250,000
- Flexible lending criteria
- No hidden fees

100% confidential application
Moula Business Loan
An unsecured business loan with online application and no upfront or early repayment fees.
- Interest rate type: Fixed
- Loan security: Unsecured
- Upfront fee: 2% Establishment fee
- Minimum loan amount: $5,000
- Maximum loan amount: $250,000
- Maximum loan term: 2 years
I have researched a business idea for 2 years which is new to Australia, done research, ran figures and would like to start. I need to lease land, buy equipment and build one hall. I have found a great property in good location to lease, but how do I go about the financing. $$400,000 would give me enough to pay wages for the first year as well as covering the start up costs. I just don’t know how to go about financing. I have no assets in my name. I researched grants, but for those my business needs to be running for about 9 months before I can apply.
Hi AMB,
Thank you for getting in touch with Finder.
Many lenders have strict requirements regarding the amount of time a business needs to have been operating. However, people looking to start a new business can also access funding without the need to offer security. You may find out more about startup loans. I suggest that you speak to your chosen lender regarding your loan application as they can provide options that would suit your business needs most.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
I have a startup/early stage online and offline clothing business with patented phone pocket invention that is developed in all respects except sales, which will soon grow through online and offline marketing. Trading for more than 9 months. How can I please get a working capital business loan of $50K-$100K in spite of current very low turnover?
Hi Peter,
Thanks for getting in touch with finder. I hope all is well with you. :)
It is true that having a very low turnover would decrease your chance of getting approved for a business loan. However, you may still want to check the non-bank business loan providers on this page. They are less strict compared to traditional banks that follow a meticulous application process.
Moreover, decreasing your business loan may also increase your chance of getting approved. $50K-$100K is a big amount considering that you have low turnover. Moreover, you can use properties that can serve as securities to convince lenders to give you the money.
Ultimately, it is the lenders who will assess your application. You might also ask the lender, given with your situation, your other possible options.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua