Capify is the first Australian unsecured small business alternative lender and has been helping SMEs all over the country access responsible short-term finance from $5,000 to $300,000. Small business loans in Australia if we can help you any any way contavt our customer help center.
According to the Australian Small Business and Family Enterprise Ombudsman, Small businesses account for 35% of Australia’s gross domestic profit and employ 44% of Australia’s workforce.
Of the 877,744 total employing businesses, 823,551 are small businesses (93.8%), and of those businesses, 627,932 are businesses that employ only 1-4 people, known as micro-businesses (2019).
However, the main challenge facing small businesses, according to the ABFEO Small Business and Family Enterprise Ombudsman in Australia, is the late payments of customer invoices.
Just over half of small businesses receive invoice payments late, with late payments arriving an average of 23 days after they are due, causing cash flow issues to the business.
Accessing external capital to support cash flow is also becoming more difficult according to Kate Carnell from the ABFEO. In February 2019, the big banks lending to businesses decreased by 2.4%, and since February 2018 it has decreased by 3.3%. However, we have seen immense growth over the last decade, and more small businesses are looking to us instead of the banks to provide them with working capital. We fund business loans in Australia with different credit criteria than what the banks use, we can also get you the funds within 24 hours, instead of weeks like ANZ, Commonwealth Bank, Westpac or NAB. Capify can also fund businesses with low credit scores and that have had previous unpaid defaults.
Speak to a lending specialist today on 1300 760 930 to get funds in 24 hours or start your application and apply for a business loan in Australia now.
How Capify help small businesses acquire funding?
Capify provides fast business loans in Perth and is one of Australia’s leading finance firms that obtain the purpose of providing funds and assistance to any business that requires it.
We offer two types of loans of credit products, including; Merchant Cash Advance and Unsecured Small Business Loan.
Capify is different from competitors with heavy support in WA with a dedicated BDM based in Perth Dino Pacella, helping service brokers and providing easy access to unsecured business loans.
Capify is an alternative to the big banks like Commonwealth, ANZ, Westpac and does not offer a line of credit or interest rates; instead, they work with a fixed rate. Loan terms range from 3 months to 12 months, and their loan amounts range from $5,000-$300,00. Unlike the big banks, we offer unsecured business finance to small businesses that have been established for a year or more.
How could small businesses in Australia use small business finance?
Pay bills
Running a small business comes with a variety of business expenses. From rent, electricity, payroll, the multitude of bills that need to be paid can be endless. If you have overdue bills that need to be paid urgently, you can get short term funds from Capify to assist so your cash flow isn’t tied up once you’ve paid all your bills off. We offer business loans within Australia so you’re totally covered.
Marketing
As a business owner, you need to continuously market your products or solutions. This enables you to increase awareness, nurture your database and ultimately convert them into paid customers. In order to do this properly, you need to invest heavily in various forms of marketing.
If you need to inject funds into your upcoming marketing campaigns, business finance can help you grow your business
Hiring extra staff
Small businesses can be run by a one-man show or by a team of staff dedicated to growing the business.
If you’re expanding your business and need to hire extra staff, a business loan can help you invest in the right person to join your team.
Purchasing Stock – No matter how good you are forecasting stock needs, you will eventually hit a fork on the road where there is an unexpected requirement to purchase stock that you didn’t budget for. Cash flow assistance from Capify can help ensure you’re still able to run your business smoothly without any stock shortages.
Improve Cash Flow
Cash flow is the ultimate challenge for any small business. When you’re busy handling all areas of your business, it can get hard to juggle what money comes in versus what should go out, so getting an injection on funds into your business can allow you to maintain good cash-flow
Purchasing a Business car or Truck
Renovating or Expanding the business
Upgrading or Purchasing Equipment
Why choose Capify for a business loan?
The great news is that Capify’s application costs are free, we don’t charge you when you submit an application for a small business loan Australia. It’s obligation-free and you can commit whenever you are ready.
A great financial product that Capify can provide is Merchant Cash Advance, where this revolves around businesses gaining a lump sum of money and repaying it through minor percentages of their EFTPOS transactions. This would greatly benefit the business as it would prevent cash flow shortages, thus they are able to have the cash to pay debt payments, expenses, and unexpected costs.
Enterprises are also introduced to the option of Australian business loans that Capify can provide, increasing capital and cash flow.
They deliver expert advice that contains knowledge and techniques on how to improve cash management to assist in keeping your business as healthy as possible.
Capify is Australia’s first small business loan lender since 2008, and have built up a Trustpilot review of 5.
If you’re after a small business loan in Australia, apply online or call 1300 760 930 to get started on your application.