Marketlend Business Loans

Looking for a quick solution to pay your suppliers? A Marketlend loan can help in more ways than one.

Marketlend is an online peer-to-peer lender that offers a range of secured and unsecured loans for businesses. Small businesses can apply for financing options such as invoice finance, supply chain finance or unsecured business term loans, which are funded by investors on Marketlend's platform.

Find out more about Marketlend's business loans on this page.

Types of business loans offered by Marketlend

Marketlend offers a range of business financing options which include:

  • Invoice finance. Marketlend will purchase up to 90% of your invoice for a flat fee. You can choose the debtors you want to finance and benefit from fees as low as 0.8% per invoice.
  • Unsecured business loans. You can apply for unsecured finance from $2,000, with Marketlend paying your suppliers directly. Rates from 18% are available.

Features and benefits of a Marketlend loan

Marketlend loans give you direct access to investors and don’t require any property collateral. While you apply for these loans online, you can look forward to personal support through the entire course of your loan. You can also expect minimised red tape as well as increased transparency, security, and confidentiality.

  • Loan amount. You can borrow a minimum of $2,000 through a Marketlend loan, and if you qualify you can apply for as much as $1,000,000. If you opt for invoice financing the amount will depend on the invoice you are selling.
  • Loan term. Loan terms can vary from three to five years, but this depends on your Marketlend rating.
  • Interest rate. Rates for unsecured business loans start from 18% and invoice financing fees start from 0.8% from invoice.
  • Repayment flexibility. Marketlend loans come with flexible repayment options, and you don’t have to worry about penalties for early repayments.

Fees and charges

As with any other loans, certain fees and charges apply to Marketlend loans. The details of these costs are as follows:

  • Application fee: A fee of $300 plus a minimum 2% fee is payable once your new account is created.
  • Closing fee: This fee is a percentage of the total amount you borrow, and takes your Marketlend rating into account.
  • Default fees: Expect to pay a $50 failed direct debit fee in the event of your first direct debit dishonour. The second attracts a fee of $100, and this also leads to account closure. The late payment fee stands at $15 per day, and will be charged each day your payment is late.

How to apply for a loan from Marketlend

You can apply for a business loan on Marketlend's website. Start by providing personal details, which are then checked by Marketlend. You will then be assigned a rating and presented with your options. Once a listing is created for your loan, investors can choose to fund your listing in full or partially. With the invested funds in place, money will be deposited in your supplier's bank account after your invoice is verified.

To apply, you need to provide the following:

  • Email address
  • Home address
  • Your complete name
  • Date of birth
  • Any other relevant personal information

Business lenders you can compare

Whilst we don't compare Marketlend loans directly, you can use the information in this page and the table below to see how they stack up in the Australian peer to peer market.

Rates last updated May 23rd, 2018
Name Product Min Loan Amount Max. Loan Amount Loan Term Application Fee Product Description
NAB QuickBiz Loan
$5,000
$100,000
1 to 3 years
$0
An unsecured business loan from $5,000 that can be processed in 1 business day.
Valiant Finance Business Loan Broker
$5,000
$1,000,000
0.25 to 5 years
$0
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.
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.
OnDeck Business Loans
$10,000
$250,000
0.5 to 2 years
2.5% origination fee
Apply online for up to $250,000 with OnDeck and receive approved funds in one business day.
Moula Business Loan
$5,000
$250,000
0.5 to 2 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.
Ferratum Business Loan
$2,000
$150,000
0.5 to 1.5 years
2.5% origination fee
Competitive business loans from $2,000 based on your business’ cash flow.

Compare up to 4 providers

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