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.

Prospa Business Loan Offer

Prospa Business Loan

  • Borrow up to $250,000
  • Same-day turnaround
  • Repay early without penalty
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100% confidential application

Prospa Business Loan Offer

The Prospa Business Loan allows you to borrow up to $250,000 for your business needs. The loan is available for new or existing business needs and features no upfront fee and no fees for early repayment.

  • Interest rate type: Variable
  • Application fee: $0
  • Minimum loan amount: $5,000
  • Maximum loan amount: $250,000
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Compare a range of personal short term finance options

Rates last updated August 23rd, 2017
Name Product Product Description Min Loan Amount Max. Loan Amount Loan Term Application Fee
Prospa Business Loan
Apply for a business loan from $5,000 and enjoy a shorter loan term up to 12 months.
$5,000
$250,000
0.25 to 1 years
$0
GetCapital Business Line of Credit Loan
A business line of credit that allows you to earn Qantas Aquire Points
$5,000
$300,000
0.25 to 1 years
Upfront fee of 1%
Bigstone Small Business Loan
Take advantage of a tailored rate and competitive financing from Bigstone’s business loans marketplace
$10,000
$250,000
2 years
$0 until funding
Moula Business Loan
Small business loans of up $250,000 approved and funded within 24 hours. Transparent fees and rates.
$5,000
$250,000
0.5 to 1 years
$0
businessloans.com.au  Flexible Business Loan
A 100% online business loan with amounts available from $5,000. Flexible eligibility criteria and transparent rates and fees.
$5,000
$500,000
0.5 to 1 years
1.5%

Compare up to 4 providers

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

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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