Live capital Fixed Term Business Loan

Live capital’s unsecured business loan is an option to consider for smaller Australian businesses that are looking for capital.

The main feature of this loan is that you as a business owner have access to a variety of lenders that can help you meet your loan needs. Live capital ensures that whatever loan amount you’re applying for, there is a vendor that will be able to help you out. This is a huge advantage for smaller businesses that need capital to get off the ground or meet ongoing business needs but that are unable to get a loan from one of the bigger banks. As this loan is unsecured, you are likely to be charged a higher interest rate, which is something to keep in mind.

How does the Live capital Fixed Term Business Loan work?

With this loan, you input basic business data, such as your business name, the amount you’re looking for and your annual business turnover. Once you are contacted by a Live capital representative, they will let you know what loan amount you have been approved for. You agree to the payback terms which are set by the lender and you pay any interest on the outstanding loan amount.

It takes less than 10 minutes to apply for a Live capital Fixed Term Business Loan if you have access to the relevant business data.

Features of the Live capital Fixed Term Business Loan

Some of the features that are included with this loan are:

  • Access to a large range of lenders. Going through Live capital and getting the business loan that meets your needs provides you access to a large range of lenders that are willing to help you out. Live capital currently partners with three leading Australian lenders: Prospa, Capify and Sail. These lenders will do their best to meet your business needs.
  • Quick approval process. Once you submit your loan application, you receive a decision on whether your application has been approved within the next few hours. If you qualify for a loan, you can receive your loan funds within the next 24 hours. However, this depends on what lender you’ve gone with.
  • Flexible repayments. As you have access to a range of lenders, this means that you have some leeway with your repayment terms. Some lenders prefer to go with weekly repayments whereas others prefer fortnightly or monthly. You will know your repayment terms once you have been approved for the loan. You can tailor the payments in line with the cash flow of your business.
  • Large borrowing amount. The amount that you are able to borrow depends on your business circumstances and how healthy your business is. You can be approved for a minimum loan amount of $5,000 or a maximum of $500,000. However, Live capital factors in your monthly turnover, how long you have been in business and other business factors to determine whether or not you are able to pay off the amount you’ve applied for.
  • Straightforward application process. The application process for Live capital is very straightforward, as all that is required of you is that you submit your business data, the amount that you want to apply for and your ABN.
  • Unsecured loan. Any loan that you apply for through Live capital is unsecured, which means that you do not have to put forward any assets that you own in order to be considered for the loan amount you are applying for.

How much does the loan cost?

The fees that will be charged with this loan include:

  • An establishment fee. This fee is charged from the first day of your loan term.
  • A late payment fee. This depends on what lender you have been chosen to go with and will vary across the partnerships that Live capital have.
  • An early payment fee. Again, this depends on which lender you go with, but it’s possible you will be charged for early repayment fees as well.

There are no fees for making a loan application with Live capital. The fees above are what you can expect once you have been approved for a business loan with one of the three partners that are available through Live capital.

How to apply for the Live capital Fixed Term Business Loan

The application process for a Live capital business loan is simple and straightforward. Start by clicking on “Go to Site” and entering the following details:

  • Choose the amount you want to borrow. This amount starts from $5,000 and ends at $500,000.
  • Enter in your monthly business revenue. Options start from below $10,000 a month to $100,000+ per month. These questions are being asked to determine whether or not you are eligible for a loan with Live capital.
  • Enter the age of your business.
  • Enter your business trading name.
  • Add some personal details, such as a phone number you can be contacted on and a working email address.

Once you have filled in your loan application, you will be contacted by one of Live capital’s representatives who will let you know whether or not you qualify for a loan with one of its partners. You do not need to provide any documents with this loan application.

Live capital gives smaller businesses access to lenders that can help get the capital they need. Compare other business loans and figure out which one is best for your business.

Comparison of other business loans

Whilst we don't directly compare Live capital business loans, compare other business loans offering similar features.

Rates last updated November 17th, 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.
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.
Note: If you apply and have your loan settled in November 2018, you will recieve $250 cash-back.
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.
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.
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.
ANZ Unsecured Business Loan
15 years
You can choose a fixed or variable interest rate
Apply for a loan from $10,000 with no security required and benefit from flexible repayment terms.

Compare up to 4 providers

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.
Ask a question
Go to site