MyCashFinance business loans

Take your business to the next level with a loan up to $500,000 from MyCashFinance.

If you’re looking to invest in your business but don’t have the ready capital, MyCashFinance can provide you with quick financing. You can borrow up to $500,000 so the loan is suitable for small and large businesses, and you can find out if you’ve been pre-approved in five minutes.

How can I take out a Business Loan with MyCashFinance?

Start by checking you’re eligible for the loan by completing the pre-approval form. There are only four fields to complete and it shouldn’t take you more than a minute. Within five minutes, you’ll know if you’ve been pre-approved. You’ll then be asked to submit documents in order to process your complete application. If you’re approved you can e-sign the document and the loan can be in your account on the same day.

What features does MyCashFinance offer with its Business Loan?

If you’re in need of business financing, consider the following features that you’ll have access to with MyCashFinance:

  • Less stringent lending criteria. You won’t be required to submit financial statements or business plans with your application, as is the case with other lenders.
  • Apply for a range of loan amounts. You’re able to apply for between $1,000 and $500,000, making the loan suitable for a variety of businesses and purposes.
  • Repayment options. Choose to make repayments as per your business needs – weekly, fortnightly, monthly or capitalised repayment terms are available.
  • Loan terms. You’ll have between 1 month and 3 years to repay the loan.
  • Early repayment. You have the option of repaying the loan early to save on interest.
  • Receive your funds quickly. Full approval can be in as little as one to three hours and you’re able to receive your loan on the same business day.

How much will the Business Loan cost?

The amount you pay will depend on how much you borrow and how long your terms are for. Interest rates start from 2% per month.

Am I eligible to apply?

  • You’re using the funds for business purposes
  • You own a motor vehicle or real estate (either can be under finance/mortgage)
  • If you don’t own a vehicle or real estate you can apply with someone who does
  • Bad credit is considered for short term loans, if you’re applying for an unsecured loan your credit need to be relatively good
  • You’re over the age of 18
  • You are starting a new business or operating an existing one

Here’s how you can apply for the Business Loan

Click ‘Go to Site’ when you’re ready to submit your application. Make sure you meet the above criteria first. The pre-approval form requires information regarding your loan amount, purpose and credit history. If you’re pre-approved you’ll be required to submit further details including:

  • Income. Payslips, business certificates or Centrelink statements.
  • Assets. Your car registration or council rates.
  • Identification. Your driver’s licence, passport or photo card.

MyCashFinance offers a convenient online application and flexible loan for your business, but before applying, compare your options to make sure you’re applying for the right loan for your business needs.

Business lenders you can compare

Whilst we don't compare loans from MyCashFinance directly, use the table below to see how they compare against other loans

Rates last updated November 15th, 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
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
$5,000
$500,000
0.25 to 2 years
$0
Apply online for up to $500,000 and get access to over 25 lenders through Lending Express.
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.
Note: If you apply and have your loan settled in November 2018, you will recieve $250 cash-back.
Moula Business Loan
$5,000
$250,000
0.5 to 2 years
$0
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
$5,000
$500,000
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+
businessloans.com.au Flexible Business Loan
$5,000
$500,000
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
$10,000
$250,000
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.

Compare up to 4 providers

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2 Responses

  1. Default Gravatar
    PhilippeJune 27, 2018

    Do you provide service to the Bahamas

    • finder Customer Care
      JoelJune 27, 2018Staff

      Hi Philippe,

      Thanks for leaving a question on finder.

      Our providers cater to Australia, UK, USA, Canada and New Zealand only. Unfortunately, they do not cater to the Bahamas yet.

      Cheers,
      Joel

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