$0

Upfront Fee

$500,000

Max. Loan Amount

3 to 18 months

Loan Term

Details

Product NameBeyond Merchant Capital Unsecured Business Loan
Min. Loan Amount$5,000
Max. Loan Amount$500,000
Loan SecurityUnsecured
Upfront Fee$0
Loan Term3 to 18 months

For Australian businesses that have been trading for at least six months and bring in a monthly average of more than $5,000 in turnover, a Beyond Merchant Capital Unsecured Business Loan can provide finance between $5,000 and $500,000 with a loan repayment term between 3 to 18 months.

Beyond Merchant Capital offers a transparent pricing structure with a single loan fee calculated at the commencement of the loan. There are no interest rates, establishment fees, ongoing fees or other charges.

Product NameBeyond Merchant Capital Unsecured Business Loan
Max. Loan Amount$500,000
Min. Loan Amount$5,000
Loan SecurityUnsecured
Loan Term3 to 18 months

How does the Beyond Merchant Capital Unsecured Business Loan work?

A Beyond Merchant Capital Unsecured Business Loan gives approved Australian businesses access to funding between $5,000 and $500,000, depending on their average turnover. Beyond Merchant Capital aims to give pre-approval within 24 hours of the initial application, and you will generally receive your funds within 48 hours.

Since a Beyond Merchant Capital Unsecured Business Loan does not attract interest payments or ongoing fees, you will know the total cost of the loan before going ahead. You can make loan repayments on a daily or weekly basis, with loan terms typically between 3 to 18 months.

Features of the Beyond Merchant Capital Unsecured Business Loan

A Beyond Merchant Capital Unsecured Business Loan has the following features:

  • No interest rates. Beyond Merchant Capital does not charge interest on their unsecured business loan products. Instead, you will need to agree to a single factor fee at the outset. This means that you can calculate the total cost of the loan by adding the amount of the loan to the factor fee.
  • No ongoing or hidden fees. One fee is payable for the loan, which you agree to at the outset. There are no ongoing or hidden fees.
  • No early repayment fees. You are free to repay the loan earlier if you choose, without paying fees or penalties.
  • Flexible loan term. Unsecured business loans have terms between 3 to 18 months, depending on the amount you borrow and your individual circumstances.
  • No assets as security. As an unsecured business loan, you do not need to put up assets as security for the loan.
  • Fast access to funds. You will typically receive your funds within 48 hours.
  • Apply online. The simplified online application form takes just 10 minutes to complete.
  • Transparent application process. The application process is simple and straightforward. Provided you meet Beyond Merchant Capital's minimum lending criteria, your loan application is likely to be approved.
  • Personalised service. Beyond Merchant Capital tailors the loan terms and one-time fee to your individual circumstances.
  • Simple lending criteria. If you are an Australian business owner who has been trading for more than six months, has minimum monthly card sales of at least $5,000 and holds an Australian Business Number (ABN) or an Australian Company Number (ACN), you could be eligible for an unsecured business loan.
  • Easy bank statement retrieval. Beyond Merchant Capital is required by law to review your bank statements before approving a loan. This process is simplified by the use of Proviso, an external data encryption service that handles your online banking login details and provides Beyond Merchant Capital with read-only access to your recent bank transactions.
  • Flexible loan purpose. You can use loan funds for any business purpose, including hiring new staff, purchasing or upgrading equipment, consolidating business debts or buying additional stock.
  • Redraw facility. You can redraw on your loan once a portion of the loan amount has been repaid.

How much does the loan cost?

Once Beyond Merchant Capital approves your loan application, the company will offer you a one-time factor fee which it will add to the loan amount to make up the total cost of the loan. Apart from the factor fee, no other fees, charges or interest rates apply.

Beyond Merchant Capital applies risk-based pricing to calculate your factor fee, which is agreed up front. The factor fee is determined on a case-by-case basis by considering the type and age of the business, the amount of the loan, the loan term and other factors.

How to apply for the Beyond Merchant Capital Unsecured Business Loan

Beyond Merchant Capital offers a simple online application process. To start the application process, click "Go to Site" on this page. Your business will need to meet the following criteria to be eligible for a loan:

  • Have an ACN or ABN
  • Be an Australian business operating for at least six months
  • Have a average monthly turnover of at least $5,000

You will also need the following documents during the application process:

  • Photo ID of yourself and any other owners of the business
  • Provide read-only access to your last six months of business bank statements via bankstatements.com.au

In some circumstances, Beyond Merchant Capital will require additional documents, including the following:

  • Profit and loss information including expenses and sales
  • Balance sheets

You can simply the provision of bank statements and financial documents by using the external data encryption solution Proviso, which gives Beyond Merchant Capital read-only access to your bank statements and Xero data. Otherwise, you will need to supply paper documents.

Once Beyond Merchant Capital has received all your details and documents, someone from the company will contact you within 48 hours to inform you of the outcome of the application. If approved, you will receive the funds in your account within 24 hours.

A Beyond Merchant Capital Unsecured Business Loan is a viable finance solution for established Australian businesses. Before deciding on any business loan product, compare business loans to ensure you choose the product that best fits your individual circumstances.

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