MyCashFinance business loans

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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 August 21st, 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.
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 6 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.
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 $6,000 per month and provide 6 months of trading history or 3 months history if you've purchased an existing business.
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. Note: Minimum annual turnover of $100,000 and must be able to demonstrate 1 year of trading history.

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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