Flexi-Loan
Quality, not quantity The money you need, when you need it.
Borrow $1,000 - $500,000 for 1 day to 2 years with our flexible business loans. Bridge gaps, grab opportunities or just keep cash flow smooth.
No early repayment fees
No paperwork
Money in your account in as quick as 2 minutes 37 seconds (our record)!
From 1 day to 24 months
What is business finance and why do businesses need it?
If you’re looking to manage cash flow, grow or invest in the future, business finance might be right for you. It comes in all shapes and sizes: we have different business finance options to suit different businesses. Pick one below that works best for you, and we can help you decide.
There are several reasons why companies use business finance. We listed some of the main purposes below:
Covering a cash flow gap. You might be waiting on money to come in from a sale, but need some finance to keep the business running smoothly until it does. Read our article on cash flow management for more.
Making an investment. You could take out finance to make a business investment, such as buying a vehicle or a truck.
Consolidating debt. Turning several debts – such as a loan and a credit card – into a single debt, with the goal of saving money and making the debt easier to manage. Check out our article on how to consolidate and refinance debt.
Doing some development. You might want to explore business finance options if you want to make changes to your business property.
Purchasing assets. Buying anything from stock to equipment to property. Have a look at our article about asset finance and the different types of asset finance to learn more.
What is a short-term business loan?
Short-term business loans let you borrow money over months, not years. It means you can cover your costs and grab opportunities without getting tied into lengthy loan agreements.
They’re handy for investing in stock or equipment at short notice. Imagine you run an ice cream shop and summer is forecast to be hot. With a short-term business loan, you could buy more ice cream machines to meet the demand. Once you’ve profited from the summer boom, you’d use some of that money to repay your loan.
What are the advantages of short term business loans?
Pay less interest:
if you’re only looking to borrow the money for a few months, with a short term business loan you won’t accrue as much interest as if you were taking the money on a long term basis.More business freedom:
if your business loan is secured against an asset (such as a car or equipment), you’ll be restricted in selling it whilst the loan is active. With a shorter term business loan, that restriction won’t last as long meaning you’ll have more freedom in choosing how you run your business.Speed of approval:
short term business lenders understand that time is of the essence when it comes to funding. For that reason, they’ll often be quicker to review your application so you can get on with running your business.Flexibility:
some lenders will allow you to decide how long your loan term will be, without charging early repayment fees. If you don’t need it for the full duration, you may be able to save on interest by repaying early.
How do short term business loans work?
Often offered by alternate lenders, the application processes tend to be streamlined and digitised – meaning you’ll be able to submit everything you need online. It’s likely you won’t have to physically go into a bank branch or speak to a bank manager.
You’ll need to provide some basic information about you and your business, and give a brief description of why you’re looking to take the funds. It’s likely that your chosen lender will perform a credit check on your business to make sure you’re in a good financial position to repay the loan.
Things tend to move quickly with short term business loans. If you’re approved, you could have the funds in your account within a few working days.
How to get a business loan
Applying for a business loan for the first time can be hard: what do you need to do to get approved, who are the best lenders, and how long should the process take.
Here is a quick guide to help you understand the loan application process, and find out what you need to do to secure the best deal.
We approve your loan application: what's next?
Once we make you an offer, you’ll have a few last steps to go through before we send the money to your account, you should:
Add your bank details in your account: we’ll send the funds to this account
Complete an online identity check
Add details of your company’s directors and major shareholders (Name, date of birth and address)
Link a debit card that we’ll use for the monthly repayments
Read and sign the online Credit Agreement and Personal Guarantee. Feel free to seek independent legal advice before signing this guarantee. You can read more on what is a personal guarantee here to help you understand what it is.
Finally, feel free to reach out online or on the phone so that your account manager can assist in any way.
Apply online
Enter the amount you’d like to get and give your business email address. We’ll use it to create your account and send information on your loan application.
Tell us about yourself
Answer some questions about yourself and your business (creation date, annual turnover, etc.). This will take roughly 5 minutes.
We give you an answer
We’ll run a credit check based on the information you provided, to inform our decision. The time it takes us to make a decision may vary depending on the amount you ask for. For example, if you ask for $15,000 you’ll get a decision in no more than 2 hours If you ask for $500,000 your application will go through a thorough process so it might take a bit longer - you should hear from us within 24 hours.