Qualifying Criteria for a BLN Business loan:
- Trading for at least 12 months (in some cases we will consider businesses that have traded for less than 12 months).
- Turnover of at least $5,000 per month
- At least one year left on lease if renting premises
How Our Business Loans Work
A BLN Business Loan can also be used in conjunction with traditional lenders:
Benefits of a BLN Unsecured Business Loan over other lending options:
BLN Business Loan summary:
The term of your BLN Business Loan:
The term of your BLN Business Loan is usually between 3 and 12 months. If you decide to pay the loan out early you can be offered a discount and you will not be subject to additional charges.
Features of a BLN Unsecured Business Loan include:
Top up and redraw facilities available
Examples of BLN Business Loans:
At Business Loans Now we offer unsecured business loans from $5,000 to $250,000.
You do not need to provide property or other security to have your business loan approved. Our lending criteria is based on the trading strength of your business.
The rate you are given on your loan includes all fees and charges and the total cost of your loan is disclosed up front.
There are no hidden or surprise costs to worry about, what you see is what you get.
Unlike the banks we don't make you jump through hoops to get your loan approved.
We offer a simple and straight forward application process with fast approval and fast settlement of your loan. You can have the funds you need within 48 - 72 hours.
We also offer flexible repayment terms to suit your business cash flow.
Fast approval & fast settlement
No property or other security needed
Minimal paperwork required
Total transparency in the whole loan process
A BLN Business Loan can be used for a wide range of business purposes:
Loan amounts from $5,000 to $250,000
BLN Business Loan Interest Rates:
The interest rate of your loan depends on the strength of your business trading and your cash flow. The rate will be determined during the loan assessment process. You will be notified of the rate and repayment terms when a formal loan offer is made. The interest rate range is usually 15% - 25%.
Flexible repayment terms