1300 760 930 Customer Login
Jan 2019

How does an unsecured loan work?

January 21, 2019
Capify Australia

Unsecured loans:
These two words could change the way you do business forever. If you have money tied up in stock or late paying debtors, you are by no means alone. Many small business owners are in a similar position yet need additional funding to keep business moving. Unsecured loans offer fast approvals without the need to pledge an asset as security over the funds. On top of this, you can often get unsecured loans despite having an existing overdraft in place. All this said, unsecured loans are not a silver bullet. To decide whether this loan solution is right for you and your business, it is important that you know more about how unsecured loans work. We give you a snappy yet detailed introduction to unsecured loans right here.
Getting to know unsecured loans
Secured loans ask you to pledge a physical asset like property or a vehicle in return for finance. This pledge gives lenders peace of mind that you will honour your loan terms. An unsecured loan does not require pledge of any asset. Rather, the strength and cash flow of your business acts as security. All the same, unsecured loans are a higher risk lenders. They combat this by placing a higher interest rate on your loan.
Why are unsecured loans such a popular choice?
Unsecured loans have plenty to recommend them to SME owners. For a start, you can gain approval more quickly as less information is needed by your lender. Much of the information required can be found in a lender’s own records or external details which speeds funds into your account. Swift approvals and access of funds are two major attractions unsecured loans hold for small business owners.
How should I use unsecured loans to my advantage?
Unsecured loans are typically a short term solution when you need funds in a hurry. Maybe you need a quick cash injection to close a sale or agreement. When you need access to critical money quickly with fewer hoops to jump through, turn to unsecured loans. And when you turn to unsecured loans, turn to Capify: your small business finance solution specialists.

Or call 1300 760 930 to speak with one of our friendly Lending Consultants now.

More like this

Sep 2019

Australia’s first online small business lender launches new Affiliate Marketing Portal to provide a killer alternative to the Big Banks

September 27, 2019
Capify Australia

Capify, Australia’s most experienced Fintech online business lender, has launched its new Affiliate Marketing portal this week.   “In Australia, Fintech’s need to think fast, and innovate faster. The affiliate portal has derived from the growth we are experiencing in the affiliate and broker market. We want to work with local […]

May 2019

Why SME owners are turning to online business lending

May 30, 2019
Capify Australia

More and more SME owners are turning to online lenders for their business loans, and there are some very good reasons for that. Possibly the biggest reason – the one that leads to all the others – is that online lenders have built their businesses to serve SMEs. They understand […]

Apr 2019

Small business and Profitable Trading

April 17, 2019
Capify Australia

Small business profit peak trading is a dynamic and lucrative time for profits. Set your SME up for peak profitability over small business peak trading periods with these handy hints. As you limber up to capitalise on enhanced retail activity, be sure to consider: Staff penalty rates Small business peak […]


Apply anytime, anywhere

  • No application fee
  • No obligation
  • See how much you qualify for

Still have questions?

See our FAQs

Chances are someone else has had the same question and the answer will be in our FAQs.

Call us

Call us between
8:00am – 6:00pm (AEST) Monday – Friday

1300 760 930

Copyright © 2019 Capify Australia PTY LIMITED (ABN 38 630 469 117) trading as Capify. All Rights Reserved.