Flinders Station Melbourne

Business Cash Advance Loans in Melbourne

For a small business owner in Melbourne, a fast cash business loan can help cover the cost of emergency expenses.

Melbourne is home to some of Australia's largest companies and yet 80% of the businesses in the Victorian capital are small businesses. These shops, restaurants and service providers are fulfilling the day to day needs of the millions of residents of this growing city.

Any number of issues can come up unexpectedly for these small enterprises, often necessitating a quick influx of cash to help bail them out. Business cash loan providers are available in Melbourne to help those small business owners stay afloat even during an emergency.

BOQ Business Term Loan

BOQ Business Term Loan

  • Redraw facility
  • Flexible loan amounts
  • Multiple repayment options
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100% confidential application

BOQ Business Term Loan

A secured business loan which offers flexible repayment options and a maximum loan term of 25 years.

  • Interest rate type: Variable
  • Application fee: 0.75%
  • Minimum loan amount: $10,000
  • Maximum loan amount: $100,000,000
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Compare a range of personal short term finance options

Updated July 17th, 2019
Name Product Min. Loan Amount Max. Loan Amount Loan Term Application Fee Apply Now
$10,000
$100,000,000
Up to 25 years
0.75%
Borrow from $10,000 with multiple repayment options including optional fixed rate periods.
$5,000
$500,000
6 months to 3 years
$0
A loan of up to $500,000 that can be approved and funded within 24 hours. Available to businesses with 6+ months operating history and $5,000+ monthly sales.
$5,000
$300,000
3 months to 1 year
$0
An unsecured business loan up to $300,000 for eligible businesses. Businesses operating for a minimum of 6 months and having turnover of at least $10,000 a month can apply.
$5,000
$1,000,000
3 months 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.
$5,000
$300,000
3 months to 2 years
$0
A business loan available up to $300,000 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.
$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.
$10,000
$500,000
6 months 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+
$5,000
$500,000
6 months 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.
$10,000
$250,000
6 months 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.
$2,000
$300,000
1 month to 3 years
$0
An unsecured business loan from $2,000 that offers convenient pre-approval and no early repayment fees.
$5,000
$500,000
3 to 18 months
$0
Borrow up to $500,000 and receive funding in up to 48 hours. You pay a one-off factor fee payable over the life of your loan, with no ongoing fees or interest payments required. Note: Minimum monthly turn over of $5,000 and 6 months trading history.

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How do business cash loan providers in Melbourne work?

When a business owner has a need that demands cash quickly, the services of a business cash loan provider can help. This type of lender offers quick solutions to small business problems by providing loans ranging from $1,000 to up to $500,000.

In most cases, the qualifications to be approved for a business cash loan in Melbourne are easy. So long as you run an established business that can show a certain amount of revenue from sales in a month, an approval can be given in just minutes. There are even lenders who will fast track the cash so that the small business owner can access the funds in the same day.

Business cash loan provider comparison

  • Loan amount.
    You can find business cash loans being offered for a wide range of amounts. Look for the ones that will be able to meet your needs and don't borrow more than you require.
  • Interest.
    Compare the different rates that these lenders are promoting.
  • Fees.
    Check for application fees and monthly maintenance charges. It is also good practice to know beforehand what kind of penalty you may be charged if you are late or miss a repayment.
  • Terms.
    You will want to make sure that the terms your lender offers won't put your business into financial distress.

In what areas in Melbourne are business cash loan providers available?

The city of Melbourne and all of its suburbs are teeming with small businesses that can benefit from the services that a business cash loan provider can offer. The city centre is thriving with an abundance of larger companies who enjoy the products and services that these small businesses are providing.

The outlying suburbs are home to individuals and families who are also taking advantage of the services of small businesses. Here you find great ethnic diversity in a growing number of small shops and restaurants that are catering to their growing migrant populations.

  • City Centre.

    City Centre refers to the central business district of Melbourne. This serves as a major financial hub for all of Australia and the entire Asia-Pacific region. Here you find the central headquarters for many major companies conducting business in Australia and a large community of smaller businesses that serve them.

  • Docklands.

    This inner-city suburb is located only 2km west of the City Centre. It is here where well-known companies like ANZ and Myer have set up their headquarters. This an easily accessible part of the city with a major highway system plus train and water transport.

  • Carlton.

    2km north of the City Centre is Carlton, an inner-city suburb that is known for its Little Italy precinct. Here you will find a large array of Italian restaurants and a booming café culture.

  • Jolimont.

    A very small area in Melbourne, this suburb consists mainly of the important Melbourne Cricket Ground and Yarra Park which surrounds it. One single block of residential and commercial buildings exists and is recognisable for its Victorian terrace houses and offices.

  • Sorrento.

    This seaside resort area on the Port Phillip shore is an hour and a half drive south from Melbourne. This quiet seaside township is a bustling resort area for the upper class during the peak holiday months.

  • Dandenong.

    30km south of the City Centre is the suburb of Dandenong with a high immigrant population. With over half of the residents having been born outside of Australia, Dandenong is an area rich in shops and small stores from a variety of ethnic groups.

Pros and cons

Pros

  • Fast processing time. In many instances, you will know whether you have been approved for the loan in only a few minutes or at least on the same day.
  • Flexible repayments. Most of these lenders will offer you options to set up a repayment plan that won't hurt your business' budget.
  • Purpose. You can use the funds from these types of loans to help with a sudden repair, add stock to your shop or to help you through a slow period.

Cons

  • Rates and fees. If you are not careful, you could end up having to pay for a loan that you cannot afford. Shop for the lowest rates and fees you can find and only borrow the amount of money you need at that time.

Questions to ask your provider

  • Loan amount.
    What are the maximum and minimum amounts allowed for a borrower?
  • Rates.
    What type and how much interest will I have to pay?
  • Fees.
    Are there monthly charges added to my loan amount?
  • Repayments.
    What options do I have if I want to pay the loan off ahead of schedule?

The multitude of differing small businesses in and around Melbourne makes for a market that gets great benefit from the products that a business cash loan company provides. Compare those providers that are local to your Melbourne neighborhood to find a loan that is going to give you and your business the money you need at terms you can afford.

Picture: Shutterstock

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