Lending Express Business Loans

Lending Express offers unsecured business loans with flexible repayments to new and established businesses in Australia.

This loan from Lending Express connects you to a variety of Australian lenders through a simple online application. By simply filling in your business loan needs, such as the loan amount, monthly turnover and the amount of years you’ve been trading, Lending Express can connect you to over 70 Australian lenders who may meet your needs. The online application process is quick and easy to fill out. All you need is a few details and you can discover if you qualify for a loan within minutes.

How does the Lending Express Business Loan work?

You can apply for between $5,000 and $500,000. The loans are unsecured, so you don’t have to tie up your business assets to receive the funding.

The loan terms are from 3 months up to 15 months. Once you qualify for loans based on your online criteria, you receive a call from Lending Express, which may ask for more information. Once approved, you will receive offers from loan funds and once you’ve chosen your loan provider, the funds are in your account within the next few business days.

Features of the Lending Express Business Loan

Here are some of the features that come with loans offered by Lending Express:

  • Choice of lenders. Once you discover what loans your business qualifies for, there are various lenders to choose from. Lending Express has access to over 70 Australian lenders.
  • Variety of loan terms. With a minimum of three months and a maximum loan term of 15 months, you can make choices about the time you can take to pay off your business loan.
  • Large loan amounts. If you’re worried that you’re going to need a bit more than you thought when it comes to your loan amount, you no longer need to worry. The minimum amount for a loan from Lending Express is $3,000 and the maximum loan is $500,000.
  • Free process. Making an application with Lending Express is completely free, from the qualifying information you input to see if you qualify for any loans that they offer, up until the lender approves your application.
  • Flexible business terms. There are flexible business terms to suit your business needs, based on cash flow.
  • High approval rate. There is a high approval rate when going through Lending Express.
  • Total payback amount. Instead of getting an interest rate with a lender, you get a total payback amount which is agreed upfront and based on your business structure and loan term.
  • Personalised service. Lending Express will work with you to find a business loan that suits your business needs. It’s an independent service provider for small- to medium-sized enterprises (SMEs) within Australia.

How much does the loan cost?

The service offered by Lending Express is completely free. There is no application fee associated with this business at all. However, there are some costs to look out for once you’ve been approved for a loan from a lender. These are costs such as:

  • Late repayment fees. This is a fee that is charged if you are unable to make a repayment. It can be a one-off charge, a set price by day or a daily interest rate that is charged to the balance of your loan.
  • Dishonour fees. This is a fee that is charged when a lender tries to take money out of your account and it isn’t there. It is usually a one-off fee, but it is important to research this as it varies from lender to lender.
  • Account management fees. These are fees that are charged by lenders to look after your account month to month. Fees vary from lender to lender.

How to apply for the Lending Express Business Loan

Here is what needed to apply for a loan from Lending Express. Simply click on “Go to Site” and make sure you have the following:

  • Minimum monthly turnover of $5,000.
  • Operating for at least 6 months
  • Three to six months of business bank statements
  • Driver’s licence of the business owner

Have these documents and requirements ready before applying for a loan and you should be well on your way.

Lending Express can help you get the business loan you need with its large access to a variety of Australian lenders. However, it’s important to compare business loans before deciding which one is right for you.

Business lenders you can compare

Whilst we don't compare the Lending Express Business Loan directly, use the table below to see how they compare against other loans.

Rates last updated February 18th, 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.
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.

Compare up to 4 providers

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question