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Speedy Finance Working Capital Finance loan
Get working capital for your business up to $500,000 with Speedy Finance
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Details
| Product Name | Speedy Finance Working Finance |
|---|---|
| Max. Loan Amount | No maximum amount |
| Loan Security | Secured |
How does a Working Capital Finance loan work?
Speedy Finance has a straightforward, five-minute application process and it offers fast funding for your business – usually within 24 hours of approval. This loan is intended to support your business' cash flow, meaning that you can focus on growing your business, even in times of slower trade.
If you're a business owner and your business has an annual turnover of $200,000 or more, and you have been in industry for more than 2 years, you can apply. Because they look at your company's turnover, your eligibility isn't necessitated you having a good credit rating. For this reason, Speedy Finance also helps bad credit applicants.
Features that come with a Working Capital loan
A working capital finance loan from Speedy Finance comes with a range of features, including:
- Quick application. Apply online in just 5 minutes.
- Quick funding. Once approved, you'll receive your loan in just 24 hours.
- Loan term. This loan has a short term of 3-18 months.
- Loan amount. The loan amount you qualify for will be based on your circumstances, but loans can go as high as $500,000.
- Fixed rate. The rate of these loans won't change for the life of the loan.
- No early exit fees. Pay off this loan early and save money over the life of the loan.
- Easy refinance. This loan comes with the option to refinance.
- Minimum trading time. Your business has to have been trading for at least 2 years.
- Minimum annual turnover. You must have a minimum turnover of $200,000 per year.
- Paid credit defaults accepted. If you've got defaults on your record, your application will still be considered.
- Security. This loan will have to be secured against an asset.
How much will the loan cost?
The rate of this loan will be based on factors such as your annual turnover, your credit rating, how long you have been trading for and the level of asset security that you are able to provide. To get a better idea of what rate you might be charges, you can contact Speedy Finance directly.
To submit an enquiry with Speedy Finance and get a better idea of what you can expect to pay for a loan for your business, simply click "Go to Site". Speedy Finance is available to contact by phone, email, fax and live chat.
How to apply with Speedy Finance
To apply, simply click "Go to Site" to submit an enquiry or an application. In order to be eligible for a working capital finance loan, you must have:
- Been trading for 2 years or more
- Have an annual turnover of $200,000 or more
- Have an active ABN/ACN
- Ownership of real estate security
It's also always a good idea to compare business loans thoroughly, prior to submitting an application.
