What You Need To Know About Short-Term Business Loans
There may come a time where your company faces financial hurdles. Whether you are running your own business, a family-owned operation, or a huge corporation, there certainly comes a time where you need quick financial aid. Well, fortunately, you are not alone and there are solutions to help meet your financial needs.
LoanOne, an online lender has an excellent reputation and history of providing short-term business loans in Australia. We have a team of professionals in finance who can work with you in a prompt manner to help you meet your needs.
Our Short-Term Loans can be Availed for an Array of Reasons
Business owners throughout the country need quick short-term loans for a myriad of reasons. Whether you need working capital, are facing insolvency or creditor action, you may certainly require a quicker solution than what the conventional banking institutions can provide. Well, LoanOne offers business loans for an array of organizational needs including:
Consolidating business debts
Threats for payments or creditor demands
Buying stock or equipment
If you are in the need of quick funding, then our team can help with tailoring a short-term business loan for your needs.
Expertise and Continued Support is Guaranteed
LoanOne specialists can help your business get over those money problems. We have an array of business loan features including:
Friendly interest rates from 1.5% per month
Fast processing and deposit times- usually within 1 day after application
Clear loan repayment terms and conditions
Also, once you receive your short-term loan, you can expect our team to stay in touch and answer any queries you might have. Even if the banks turn down your application, LoanOne strives to comprehend your current situation and strives to help you.
We provide business loans to hard-working entrepreneurs in Australia. We even offer loans to businesses with a less than perfect credit record or history. Our company believes in giving back to the community and therefore, we strive to improve the status of any business that requires quick financial aid.
No business dream is too big or too small. We are here to help you implement your plan and bring your business idea to life when you do not have financial backing. Just contact us for a business loan and we will be more than happy to make your dream come true.
Working capital is one of the most crucial aspects when it comes to running a business. Sometimes, a trustworthy short-term business loan enables you to utilise your cash flow. Our quick loans can certainly cater for your temporary needs. So, when you don’t have a prompt option, we are here to serve you, regardless of your location in Australia.
How do you tell whether or not your information is safe online?
A general rule of thumb when giving out information on the web is to ensure you are on a secure page. The URL’s page should begin with an HTTPs and a padlock to the left which indicates a secure website. You should not enter your personal information if either is missing.
If you are looking at a lending site we have not reviewed, ensure they ascertain SSL safeguards on the information you provide. SSL keeps your data encrypted when submitting information and performing transactions online.
How do you repay a temporary loan?
Loan repayment options are many and vary depending on the lender. The common ways to pay is with Direct Debit. With this payment method, you will need to provide your checking account information to the lending company. They can electronically transfer funds into your account for the loan and transfer the funds out when the repayment is due.
How long does it take to repay the loan?
Well, this depends on the contract, but they generally take 2 to 4 weeks. When you apply for a short-term loan, the lender asks how frequently you are paid in order to determine the final repayment due date. That’s why they are generally referred to as payday loans.
If you are on the search for a temporary loan with a longer repayment period, then you should consider an installment loan.
What happens if you’re unable to repay on time?
Contact the lender immediately to explain why you can’t be able to repay on time. Most lenders, including LoanOne, tend to understand that you might run into financial problems after securing a loan and are usually willing to negotiate a plan that will help you pay what you owe easily.