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Business Cash Loans for Women

Women all across Australia are building their small businesses with the help of financing from quick cash business loans.

Every business owner knows that an unexpected large expense can put you in the red quickly. As a female business owner, you know that it can be difficult to compete for funding in a business world that has historically been dominated by men.

A business cash loan for women will help you fix any financial problem you have immediately, with no worries about being turned down because of your gender. Use that cash to make repairs, update your shop or even add to your stock.

Related: Compare a range of short term cash options

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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Business lenders you can compare

Rates last updated February 21st, 2018
Name Product Min Loan Amount Max. Loan Amount Loan Term Application Fee Product Description
Prospa Business Loan
$5,000
$250,000
0.25 to 2 years
$0
Apply for up to $250,000 and receive your approved funds within one business day. Note: Businesses must have a turnover of more than $5,000 per month and be able to demonstrate 6 months of trading history.
NAB QuickBiz Loan
$5,000
$100,000
1 to 3 years
$0
An unsecured business loan from $5,000 that can be processed in 1 business day. Businesses that apply and are approved before 30 April 2018 are eligible for a discounted interest rate of 12.95% p.a.
Moula Business Loan
$5,000
$250,000
0.5 to 1 years
$0
Small business loans of up to $250,000 approved and funded within 24 hours.
Transparent fees and rates. Note: Business must have been operating for at least 12 months and have monthly sales of at least $5,000.
Spotcap Loans
$10,000
$400,000
2 years
$0
Take advantage of a fixed interest rate and no upfront fees with this business loan, available up to $400,000. Note: Business must have been operating for at least 18 months and have turnover over $200,000.
Sail Unsecured Business Loan
$5,000
$100,000
1 year
2.5% origination fee
Apply for up to $5,000 even if you have bad credit. Note: Business must have been operating for at least 6 months and have turnover over $50,000.
OnDeck Business Loans
$10,000
$150,000
0.5 to 2 years
$0 (2.5% origination fee)
Apply online for up to $150,000 with OnDeck and receive approved funds in one business day.
businessloans.com.au Flexible Business Loan
$5,000
$500,000
0.5 to 1 years
1.5% Initial draw down fee
A 100% online business loan with amounts available from $5,000. Flexible eligibility criteria and transparent rates and fees.

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How do business cash loans for women work?

You will find that there are a multitude of lending institutions online that are offering quick cash business loans to an array of different borrowers. Those that cater to women business owners will understand your special circumstances and give preference to your needs.

You are able to use the funds secured by a business cash loan for women in any way you see fit to improve your small business. While this type of quick cash loan is generally used for emergency purposes, you are free to use the money towards a marketing campaign, improved services or even to consolidate other business debts.

About personal loans with a low interest rate

How to compare business cash loans

  • Interest rate. The interest rate is the amount of money that the lender charges you each month based on the amount of the loan. While a low interest rate is good, you will also want to consider it in conjunction with the other features.
  • Terms. This refers to the amount of time you are given by the lender to pay the loan back. Business cash loans will typically have shorter term options than other types of loans. While it may appeal to you to have the maximum amount of time possible to pay the loan back with smaller repayments, keep in mind that this equals more money paid out in interest overall.
  • Fees. Certain lenders will charge fees for such things as processing the application while others will charge monthly fees over the life of the loan. Compare these carefully to find the one that is most cost effective.
  • Repayments. This feature allows you to choose when and how often you will make repayments on your loan. As with the terms, consider this carefully. If you are looking to save money over the long run, make as many repayments as your business can afford.

What are the pros and cons of a business loan?

Pros

  • Fast approval. In most instances you can apply for a business cash loan for women online and have an answer in just a few minutes. If approved, you will typically only have to wait a day or two for the funds.
  • Flexible loan amounts. Business cash loans for women can range from only $1,000 or $2,000 to hundreds of thousands of dollars. Borrow only what you need, but know that there is that flexibility to borrow more in the future if circumstances call for it.
  • Purpose. There are no restrictions on how you use the loan money as long as it is applied to your business.

Cons

  • Fees. With this type of quick cash loan for women you sometimes expose yourself to high fees.
  • Penalties. On top of monthly fees, you may be charged a high penalty fee if you are late or miss a repayment.

What are the risks of short term business loan?

  • Overspending. Having access to this type of loan may cause someone to borrow more than they can afford. Make sure that the loan amount you apply for fits in with your needs at the time and your ability to pay it back.
  • High rates. If the interest rate for the loan you are looking into is considerably higher than that found on more traditional lending products, you may want to reconsider and look into other options.

About fixed rate personal loans

Frequently asked questions

No, you will still have to show the same earnings for your company as a man would.

This will depend on the lender and the loan amount you apply for. Loans can be as little as $1,000 and as high as hundreds of thousands of dollars.

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