What is an Unsecured Business Loans Australia?
Starting or growing a business often requires quick access to funds, but not every business has the assets to secure a traditional loan. That’s where unsecured business loans come in. These loans offer a flexible and accessible financing option for businesses that may not have collateral to offer, helping them to secure the capital they need to thrive.
Unlike traditional loans that require collateral-such as property or equipment- unsecured business loans don’t demand any physical assets as security. This means that lenders assume more risk, as they don’t have any property to claimbif the borrower fails to repay the loan.
If your business has a solid credit history and meets specific income criteria, you may qualify for an unsecured loan ranging from $3,000 to $100,000. This type of loan is ideal for businesses in their early stages or those without significant assets, offering them the financial boost needed to grow without the pressure of tying up valuable resources as collateral.
Unsecured Business Loan: Eligibility Criteria and Documents Required
- You should be between 25-65 years old.
- Your business should have a vintage of at least 3 years.
- Your business should have its filed for at least the past 1 year.
- Your business should have its previous 2 years turnover.
What typical industry is served by TSK in regards to unsecured loans?
Restaurants & Cafes Takeaway Food Services /Store-Based Retailing/ Professional Services/ Hair & Beauty Salons /Accommodation/ Food Wholesalers /Auto Repairs/ Technical Services /Plumbing/Maintenance Bars/Nightlife /Clothing Wholesalers/ Trades Scientific Services/ Tiling & Carpeting Services
How long does it take to get the loan approved?
Normally it only takes 1-2 days
TSK Loans Pty Ltd is an authorized corporate Credit Representative (#528475) of Australian Credit Licence No. 384324 including our brokers:
Taranjit Singh Kahlon is an authorized Credit Representative No. 528474) – Call today (03) 8721 9989