Source: Financial Services Online: 30 Nov -0001
Financial Services Online has today announced a new credit facility for Australian business customers who are seeking loans for amounts of up to $10,000 with minimum security requirements, irrespective of the applicants' credit history.
Business operators can now apply online for loans from as low as $1,000 and receive an obligation-free eligibility assessment for any business purpose without accessing their credit file.
Funding is available for applicants who are seeking start-up finance for new business ventures, customers needing working capital to overcome short-term cash flow shortages as well as more traditional funding requirements such as plant and machinery acquisition and equipment leasing.
Loans are also available for customers who are seeking to purchase an existing business including finance for buying a franchise.
Whilst we have always been in a position to assist business owners looking for larger amounts, the new financing facility is specifically targeted at those businesses needing fast access to smaller amounts and who may have had difficulty due to their credit history.
Applicants who are or have been bankrupt and those who have had or still have outstanding credit defaults are all able to apply for the micro business loans.
The interest rates offered will vary depending on the applicants history and other factors including the ability to offer security against the amount offered.
Unlike the tougher security requirements for traditional business finance through the major banks and other financiers who seek real estate asset backing, the new loan facilities can be offered with minimal security. Acceptable assets for security under the facility include more accessible assets such as stock-in-trade, existing business equipment and machinery or outstanding invoices. Loans are also available against existing business vehicles.
As with all online enquiries at Financial Services Online, the application is assessed for eligibility against the lender's criteria without accessing or recording the enquiry on the enquirer's credit file. The assessment is instant and acceptable applications are immediately referred to the funder who will then discuss the relevant terms and conditions and answer any questions before the customer decides whether they wish to proceed.
Financial Services Online (est 2001) provides a free service, connecting people directly with specialist financial advice based on the location and specific requirements of each individual consumer across a range of financial products and services including life insurance, income protection, public liability, professional indemnity, health insurance, superannuation, home loans, car loans, unsecured personal loans, debt consolidation loans, credit repair and more.
Financial Services Online
|Why did my Credit Score drop - and how can I fix it?|
Your Credit Rating (or Credit Score) plays a very important role in determining your eligibility to get a loan. Here we look at the reasons why your credit score may drop and some handy tips to avoid this problem. - read more
|Five Worst Credit Card Mistakes|
Credit cards can be an excellent way to manage your finances ... they can even be an investment tool. However your credit card can quickly become your enemy if not used correctly. Here are five of the worst mistakes most credit card holders make. If you can avoid these mistakes, you will benefit greatly. - read more
Leasing is an often misunderstood car financing option so, in response to subscriber feedback, we've included this article to help give you a better understanding of what it is and how it works. - read more
|Credit Cards: Identity Theft and Credit Protection|
Credit card fraud and identity theft have become widespread not only on the Internet but offline as well. Learn how to avoid these risks and protect your identity as well as your finances or credit line. - read more
|Why Payday Lending Enhances Consumer Welfare|
Today, We’ll defy the critics and demonstrate why consumer welfare is enhanced within a competitive payday-lending environment. - read more
|7 things you need to know about a Hire Purchase loan|
There are seven things you should know before you ever think of getting a Hire Purchase loan. Knowing these things will give you control and power in the loan process. Power and control will will save you money - read more
|Default and Reposession|
Most people would assume that a default under a loan contract means that payments haven't been made but, as you are about to learn, there are other reasons why a lender may have the right to repossession. - read more
|Police issue warning about bank scam|
Nov 20 :: Melbourne police are warning people about a scam in which fraudsters pose as bankers and ask for money.They say they cold call customers and tell them they have... read more
|ANZ nets solid profit despite wealth management|
Oct 26 :: ANZ banking group has reported a solid full-year result with net profit attributable to shareholders up 6 per cent to nearly $5.7 billion - but with its wealth management... read more
|Millions lack access to basic financial services|
Jun 01 :: Nearly 3 million Australians do not have access to basic financial products such as a credit card, car insurance or even a bank account, according to a private study. The... read more
|Reserve Bank leaves interest rates steady|
Apr 04 :: The board of the Reserve Bank of Australia has left interest rates unchanged at 4.25 per cent at its monthly meeting today, as widely expected.The decision leaves... read more
|Big banks not too profitable: RBA|
Feb 25 :: The governor of the Reserve Bank says the Australian banking sector is not too profitable.Appearing before the House of Representatives Standing Committee on Economics,... read more
|Commonwealth Bank changes ads following ASIC concern|
Jan 16 :: The Commonwealth Bank of Australia has agreed to change some of its advertised loan comparison rates after concerns were raised by the Australian Securities and Investments... read more
|Inflation fall strengthens case for rate cuts|
Dec 06 :: A leading unofficial measure of inflation eased last month due to falling food and fuel prices, strengthening the case for interest rate cuts next year.The TD Securities-Melbourne... read more