Royal Finance Secured Business Loan

Take advantage of Royal Finance’s secured business loan and watch your business grow.

The main feature of this loan is the amount for which you are able to apply. You can request financing for anywhere between $50,000 to $5,000,000. With this amount range, you can borrow what you need to ensure that your business gets the necessary capital to grow and thrive in your industry.

How does the Royal Finance Secured Business Loan work?

You are able to apply for this secured business loan through Royal Finance’s website. The loan terms are short, and their standard loan term ranges from 2 to 12 months. However, it’s able to extend this if necessary.

You are able to borrow a minimum of $50,000 and a maximum of $5,000,000. However, this depends on your business’ prosperity and the amount your property is worth. You are able to borrow up to 80% of your property’s value.

Once you have been approved, you can expect to have the funds in your account within one business day.

Features of the Royal Finance Secured Business Loan

Some of the features with this business loan include:

  • It is secured. This product requires an asset that you can put forward as security. The asset can include residential property.
  • You must have a business. Your business has to have been trading for six months before you are eligible to apply.
  • Short loan terms. The loan terms available start from 2 months and end at 12 months. Extensions can be applied as per your request.
  • Large borrowing amount. You are able to borrow a minimum of $50,000 and a maximum of $5,000,000 with Royal Finance. This large borrowing amount ensures that no matter how large your business goals are, you are able access the capital for them.
  • Competitive rates. There are rates that start from less than 1% per month. Your own rate will be determined for your loan term once you have been approved.
  • Up to 80% LVR. Seeing as you have to secure your property against this loan, you are able to borrow up to 80% of its value in order to fund your business dreams.
  • No credit checks. As this loan and your ability to pay it back is assessed on your current financial situation, which includes your business’ stability and the amount your property is worth, your credit history is irrelevant.
  • 24-hour turnaround. If you need immediate finance for your business, you are able to have the funds in your nominated bank account within 24 hours from application assessment and approval.

How much does the loan cost?

Some of the fees you can expect to pay with this loan include:

  • A monthly fee. This varies on the amount that you borrow.
  • An establishment fee. This fee is charged once you have been approved for the loan and will also vary on the amount you need to borrow.

There are no transaction fees associated with this loan. You will know more about extra costs this loan charges once Royal Finance has assessed your needs and approved your borrowing amount.

How to apply for the Royal Finance Secured Business Loan

The application process is straightforward. Simply click on “Go to Site” and ensure you meet the following:

  • You need to own a business. The business that you own must have been trading for at least six months and have a high cash flow of $10,000 or more.
  • You need to own a house or some other form of property that can be used as an asset for security for this loan.

Some of the documents you need to provide include:

  • Proof you own the asset that you are using as security.
  • Your ABN and where you lease the business so there is proof that it exists.

You need not worry about your credit score. Approval for financing is based on your current financial situation, your business’ assets and turnover rather than your credit history.

Competitive rates and short terms make this business loan a consideration for your business needs. Compare other loans to ensure this product is right for you.

Comparison of other business loans

Whilst we don't directly compare Royal Finance Secured Business Loan, compare other business loans offering similar features.

Rates last updated February 25th, 2018
Name Product Min Loan Amount Max. Loan Amount Loan Term Application Fee Product Description
Prospa Business Loan
0.25 to 2 years
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.
NAB QuickBiz Loan
1 to 3 years
An unsecured business loan from $5,000 that can be processed in 1 business day. Businesses that apply and are approved before 30 April 2018 are eligible for a discounted interest rate of 12.95% p.a.
Moula Business Loan
0.5 to 2 years
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
2 years
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
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
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. Flexible Business Loan
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.

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