brisbane

Business Cash Advance Loans in Brisbane

Business owners in Brisbane have access to various forms of financing. Provided below is information on the options available for Brisbane residents.

Brisbane is one of the most populous cities in Australia, Queensland. This city is thriving economically with more than 1.3 million businesses according to Truelocal.Having access to funds when you’re running a business is important. Unfortunately, conventional loans have lengthy processes making them useless when you need to solve an urgent financial matter. The good news is that there are various business cash loans for the Brisbane business community that can help. These loans offer quick approvals and, you can generally have funds transferred within 24 hours or less. Find out more about these business cash loans below.

NAB QuickBiz Loan Offer

NAB QuickBiz Loan Offer

From

12.95 % p.a.

fixed rate

  • Borrow up to $100,000
  • Fast application and turnaround
  • Sole traders, partnerships and companies can apply
Security Logo

100% confidential application

NAB QuickBiz Loan Offer

An unsecured business loan up to $100,000 you can apply for in minutes.

  • Interest rate from: 12.95% p.a.
  • Interest rate type: Fixed
  • Application fee: $0
  • Minimum loan amount: $5,000
  • Maximum loan amount: $100,000
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Compare a range of business cash loans available in Brisbane

Rates last updated December 15th, 2018
Name Product Min Loan Amount Max. Loan Amount Loan Term Application Fee Product Description
NAB QuickBiz Loan
$5,000
$100,000
1 to 3 years
$0
Apply for up to $100,000 and get a response within 60 seconds. No upfront or ongoing fees and a transparent fixed rate.
Lending Express Business Loans
$5,000
$500,000
0.25 to 2 years
$0
Apply online for up to $500,000 and get access to over 25 lenders through Lending Express.
Prospa Business Loan
$5,000
$250,000
0.25 to 2 years
$0
A business loan available up to $250,000 that can be funded in 1 business day. Must have a turnover of $6,000+ per month and provide 6 months of trading history, 3 months history for existing business purchases. Note: Businesses taking a loan out will have no repayments until 6th January, 2019
Valiant Finance Business Loan Broker
$5,000
$1,000,000
0.25 to 5 years
$0
A Small Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 60 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
Moula Business Loan
$5,000
$250,000
0.5 to 2 years
$0
A loan of up to $250,000 that can be approved and funded within 24 hours. Available to businesses with 6+ months operating history and $5,000+ monthly sales.
GetCapital Flexible Business Loan
$5,000
$500,000
0.5 to 2 years
Initial draw down fee
A flexible business loan up to $500,000 with convenient top up and redraw facilities. Business must have been operating for 9 months+ and have monthly sales of $10,000+
businessloans.com.au Flexible Business Loan
$5,000
$500,000
0.5 to 2 years
Initial draw down fee
A business loan up to $100,000 for unsecured loans, or $500,000 for secured loans that you can use for any business purpose. Transparent costs and redraw facility available.
OnDeck Business Loans
$10,000
$250,000
0.5 to 2 years
2.5% origination fee
Apply for up to $250,000 and receive your approved funds in one business day. Minimum annual turnover of $100,000 and 1 year of trading history required.
Spotcap Loans
$10,000
$400,000
0.25 to 2 years
$0
Benefit from a fixed interest rate and no upfront fees with a loan available up to $400,000. Must have been operating for at least 18 months and have turnover over $200,000.

Compare up to 4 providers

How do business cash loan providers in Brisbane work?

Business cash loan providers offer short term loans. Your loan term will depend on the amount borrowed and the predetermined term. That said; the loans are easy to apply for and application can be conveniently conducted online.

Like most financiers, the loan provider will want to determine if you can repay the loan. This means that your financial information will be required. You can upload bank statements and other requested information.

Due to the fact that these are short term loans, small loan amounts are considered. These may range between $100 and $1,000 or more.

About Small Business Cash Loans

How to compare business cash loan providers

  • Fees. Business cash loan providers can only charge you certain fees as stipulated by the Australian government. These are: monthly account fee, establishment fee, government fee, default fee and enforcement charges. You need to find out what the usual fees and charges are to avoid lenders who will overcharge you above and beyond the allowed rates.
  • Reputation. Unfortunately, there are many business cash loan providers in Brisbane with a reputation of poor business practices. You need to ensure that the loan provider you are working with has a good reputation. You can read reviews to find reputable loan providers.
  • Payment plans. Ideally, these are short term loans. If you are struggling financially, you might want to compare the loan terms offered by lenders to get a length that you will be comfortable with.
  • Customer service. Customer service is a must. There are clues that can reveal whether or not you should deal with a lender such as how well they respond to a query.

Comparisons of Personal Loans

What areas in Brisbane are business cash loan providers available?

Below we highlight some of the areas where you can access these loan providers. This list is not limited to these areas.

  • Augustine Heights:

    This suburb is one of those created in Greater Springfield. It’s only approximately 26 kms from Brisbane’s capital, Queensland.

  • Amberley:

    Amberley is a suburb with a small population of about 279. It is home to the largest air force base in Australia.

  • Bahrs Scrub:

    This suburb is located in Logan City and is currently hosting lots of developments especially in the real estate sector.

  • Alexandra Hills:

    Alexandra Hills is nestled in between two Redlands areas with Cleveland on the east and Capalaba on the west. The suburb has lots of recreational areas such as the Windermere Road Park, Valentines Park and others.

  • Mount Mee:

    This mountain and suburb overlooks the Glasshouse Mountains. It is a tourist attraction thanks to its nature trails and breathtaking sites.

  • Alderley:

    This northern suburb was originally home to the Turrbal Aboriginal clan. It’s a popular suburb in Brisbane with well-maintained parks and nature locations such as Grinstead Park.

Pros and cons

Pros

  • There’s no shortage of providers. Brisbane has a good number of business cash loan providers. This means that you can easily compare what they have to offer to get the best loan terms and conditions.
  • Quick cash. These loan providers are known to provide quick cash to help solve immediate problems. The loans are approved fast and this is usually within 24 hours.
  • Ease of access. The loans can be accessed easily since very little documentation is required. You also don’t need to have a good credit rating to access these business cash loans.

Cons

  • They are expensive. These loans come with high interest rates which makes them more expensive than loans you can access from conventional lenders.
  • They provide short-term solutions. Although the loans are easy to access, they do not provide a long term financial solution. These are short term loans.

Questions to ask your business cash loan provider

You need to review the terms before you sign up for the loan. If the lender resists this request do not take the loan.

You need to know how much the loan will cost if you repay it on time. The overall cost should include the borrowed amount plus interest and other charges.

Find out what penalties apply and how much is charged.

Most lenders will communicate approval within 24 hours.

If you run a business in Brisbane, you will be glad to know that there are various business cash loan providers. While these cash loans are accessible in all suburbs, it’s always advisable that you first compare what different providers have to offer to get the best terms.

Alternatives to a Business Cash Advance

You might like to check out the credit cards with a cash advance feature.

Picture: Shutterstock

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