City Finance Business Lending loan

City Finance Business Lending approves business loans of up to $100,000 with flexible repayment terms and no hidden fees.

If you opt for a business loan from City Finance Business Lending, you can apply for between $5,000 and $100,000 and repay it over a period of up to 12 months. You also have the option of applying for an unsecured loan of up to $10,000 where you are not required to put up assets as collateral.

The application process is quick and can be completed online, with funds deposited into your account as early as the following business day. Any business type can apply, including established entrepreneurs, sole traders and new small businesses. (Your business must have been operating for at least six months to be eligible).

How does a City Finance Business Lending loan work?

The application process takes a few minutes and is completed online. Once submitted, a City Finance Business Lending loan relationship manager will get in touch. If approved, funds are usually deposited by the next business day.

City Finance Business Lending works with businesses to determine loan repayment terms, which are tailored to that business' goals and what it can afford. Loans are repaid over a period of between 3 and 12 months. You can make weekly, fortnightly or monthly repayments.

Features of the City Finance Business Lending loan

If you’re interested in applying with City Finance Business Lending, here are some of the features to consider:

  • Unsecured option. This loan is available for loan amounts up to $10,000. You are not required to offer property, equipment or any other valuable asset as security.
  • Fast turnaround. The online application takes five minutes. Your application can be approved within hours through same-day processing and the loan amount is deposited into your nominated account the next business day.
  • No hidden fees. City Finance Business Lending charges no hidden or direct fees for providing business loans.
  • Flexibility. The loan terms are based on your business goals and what you can afford. You can repay over a period of up to 12 months in weekly, fortnightly or monthly installments. Repayments are made via direct debit.
  • Versatile. This loan can be used for any purpose, including paying off tax debt and making a balloon payment on a lease.
  • Startups can apply. City Finance Business Lending will consider applications from businesses operating for six months or longer.
  • Interest only options. An interest-only payment option exists for select clients (terms and conditions apply).

How much does the loan cost?

A City Finance Business Lending loan comes with a $500 application fee that is payable only on settled loans.

How to apply for this loan

If you’re looking to apply with City Finance Business Lending, you can get an obligation free quote on its website.

Your business must meet the following criteria:

  • You must have been operating for at least six months
  • Your business must have a valid ABN

You will also be asked to submit the following:

  • Personal and corporate details
  • Desired loan amount and its purpose
  • Driver’s licence
  • BSB and trading account numbers
  • Profit and loss statements
  • Tax returns
  • Financial year-end statements

City Finance Business Lending’s bank verification system pulls a 90-day transaction history from your online banking account. You can opt to send in hard copies, but this might delay approval.

Applying for a business loan can mean the difference between your business flourishing and flat-lining. Before jumping at the first offer, make sure that the loan product is suited to your business, your objectives and your budget.

Business lenders you can compare

Whilst we don't compare these loans directly, use the table below to see how it compares against other loans.

Rates last updated December 12th, 2018
Name Product Min Loan Amount Max. Loan Amount Loan Term Application Fee Product Description
NAB QuickBiz Loan
1 to 3 years
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
0.25 to 2 years
Apply online for up to $500,000 and get access to over 25 lenders through Lending Express.
Prospa Business Loan
0.25 to 2 years
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
0.25 to 5 years
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
0.5 to 2 years
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
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+ Flexible Business Loan
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
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
0.25 to 2 years
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

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