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There is a range of business lenders available online offering various business finance products. If you're looking to apply for a loan, you might feel overwhelmed by your choice, but also wary of finding a lender that won't charge exorbitant rates or scam you. There are things you can do to ensure you're dealing with legitimate business lenders; find out what in this guide.
Not sure whether or not everything is on the up and up? Go through this checklist to weed out unscrupulous offers.
Brokers are agents that can help you find the right loan and make negotiations with the lender. They can be a good way to save time, money and effort, and they can help take the legwork out of comparing loans. The catch is that you need to be able to trust them.
Brokers are paid a commission by the lenders for matching customers with products. It means that you often don’t have to pay anything for their services, but also that they may have an incentive to steer you towards bigger and more costly financing. Make sure your broker is right for you by looking at:
You can find many legitimate lenders without needing to go too far. For small- to medium-sized enterprise (SME) loans outside of the banks that you know you can trust, compare the providers below.
Lender | Australian phone number | Physical address | Learn more |
---|---|---|---|
Banjo Loans | 1300 226 565 | 468 St Kilda Rd, Melbourne, VIC 3004 | More |
Capify | 1300 760 930 | 3/10 Phillip St, Sydney, NSW 2150 | More |
Max Funding | 1300 411 411 | 377 Kent St, Sydney, NSW 2000 | More |
Moula | 1300 885 893 | 15/535 Bourke St, Melbourne, VIC 3000 | More |
GetCapital | 1300 249 649 | 119 Alexander St, Crows Nest, NSW 2065 | More |
Prospa | 1300 882 867 | 2/4-16 Yurong St, Sydney, NSW 2000 | More |
OnDeck | 1800 676 652 | 1400 Broadway, New York, NY 10018, United States | More |
Spotcap | 1800 107 010 | 2/50 Bridge St, Sydney, NSW 2000 | More |
Picture: Shutterstock
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