Unsecured business loans have become one of the most common types of financing for small business owners, particularly among start-ups and rising enterprises with little trade time and no collateral to provide. They can be obtained without the need to pledge any assets as collateral. Essentially, the loan is provided based on the cash flow of the firm and the borrower’s creditworthiness.
Eligibility criteria for Unsecured Business Loan
- Business must be in operation for more than 6 months.
- Monthly turnover must be over $5K
- You must have an active ABN
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The figures shown in the calculators do not constitute financial advice. Lender policy, term and conditions, fees and charges apply. The results should not be taken as a substitute for professional or finance advice. All reasonable care has been taken in preparing and designing the calculators and tools; however, oxcel finance provides no warranties and makes no representation that the information provided by the calculators and tools is appropriate for your particular circumstances or indicates you should follow a particular course of action
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