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Find out more about the products offered by Speedy Finance and how they might be able to benefit your business.
Speedy Finance is a short-term lender, so all of its loans have relatively quick repayment terms. Financial products for businesses that are offered by Speedy Finance include secured business loans, bridging loans, second mortgages, equipment finance and unsecured small business loans. So, there's a good chance that you'll find something for almost any business financing need.
Speedy Finance offers a quick and simple five-minute application process and fast funding for your business – usually within 24 hours of approval. While maximum available loan amounts will differ from product to product, business owners can apply for anything between $5,000 and $500,0000.
Speedy Finance also helps bad credit applicants, as its eligibility criteria is based predominantly on how well your business is doing, as opposed to your personal track record. However, to qualify for a Speedy Finance business loan, you must have an active ABN or ACN. Speedy Finance does also offer short-term personal loans up to $5,000 (also known as "payday loans") which don't have this requirement.
Speedy Finance offers numerous options for financing your business. Below we have outlined each different business loan product and its corresponding features.
Speedy Finance offers bespoke secured business loans. Features include:
The following features apply to a Speedy Finance bridging loan:
Second mortgages allow you to leverage your existing assets as security to borrow for almost any commercial purpose, such as buying or opening a business. Features of a second mortgage with Speedy Finance include:
If you're looking to finance new equipment for your business, like a vehicle or machinery, maybe you'd benefit from an equipment finance loan. Features include:
If you run into cash flow problems, working capital finance can help to cover overheads during seasonal lulls or slow periods of trade.
If you would rather not use asset security, Speedy Finance also offers small unsecured business loans. Features include:
The rate that Speedy Finance allocates to you upon approval will be dependent on factors such as the loan product you are looking for, your business's monthly/annual turnover, your credit history and the asset security that you can provide. Rates for these loans start at 1.5% of the loan amount per month.
To submit an enquiry with Speedy Finance and get a better idea of what you can expect to pay for a loan for your business, simply click "Go to Site". Speedy Finance is available to contact by phone, email, fax and live chat.
To apply for a business loan with Speedy Finance, simply click "Go to Site" to submit an enquiry or an application. In order to be eligible for a loan, you must have:
Please double check the eligibility criteria for the specific product that you wish to apply for before applying. Factors such as how long your business has been trading and your annual turnover will have different minimums for different products.
It's also always a good idea to compare business loans thoroughly, prior to submitting an application.
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