How it works
How a FineBusinessLoans Small Business Loan Works
Here at FineBusinessLoans, we aim to make securing the funds your business needs to grow, as easy as it can possibly be.
You can choose to use our online application form, which takes just a few minutes to complete. Or you may choose to speak to one of our small business loan team on 1300 669 538. They are on hand to help walk you through the loan application process.
Make sure you have these ready
For loans that are less than $50,000 you will need to have the following on hand:
• You current, valid driver’s license number.
• The unique ABN of your business.
• Both the BSB and the account number of your company bank account.
For loans that are more than $50,000 we will need some additional information from you. This will include financial statements such as Profit & Loss, cashflow analysis etc. These allow us to evaluate the creditworthiness of your business, and work out the best loan deal for you.
Financial information needed
We offer two ways for you to verify your company bank account details:
• You can use our advanced bank verification system, that will verify your bank account instantly, completely online, in a safe and secure way.
• You can choose to upload 3 months of bank statements in PDF format.
By using the advanced bank verification system, we can give you a decision much quicker, usually within the same working day, and sometimes in as little as one hour. If you decide to upload PDF copies of bank statements, it will take us a little longer to respond, but usually still within one working day.
What happens after application?
Once you have completed your application, and we have received it, you will be contacted by one of our small business loan team. We will ensure that we have all of the information we need to begin processing your application. We use FineBusinessLoansScore, our bespoke platform, to evaluate the creditworthiness of your business. Once we have processed your application, and reached a decision, we will contact you again. If it is a positive outcome, we will suggest to you the daily, weekly or monthly repayment schedule we feel suits your business the best. At this stage, if you have any further questions, we will be happy to answer them.
At the end of a positive loan application process, we will send you a loan agreement that needs to be signed (or you can sign it electronically). The funds will then be deposited in to your company account, often within the same day.
FineBusinessLoans – making small business finance effortless.
If you would like to begin applying for a FineBusinessLoans small business loan, then fill in our online application form, with no obligation!