An unsecured business loan is a type of loan that does not require collateral to secure the financing. This means that the borrower doesn't need to provide any assets, such as property or equipment, as security for the loan. Instead, the lender relies on the borrower's creditworthiness and financial history to assess the risk of lending the money.
Because unsecured business loans don't require collateral, they can be a good option for small businesses or startups that may not have substantial assets to use as security for a loan. However, unsecured loans may come with higher interest rates or stricter qualification requirements than secured loans to compensate for the increased risk to the lender.
Typically, unsecured business loans are used to finance working capital, cover short-term cash flow gaps, or fund other business expenses such as inventory, marketing, or hiring additional staff.
Unlike secured loans, unsecured business loans do not require collateral, which means that your business assets are not at risk if you default on the loan.
Unsecured business loans typically have a faster approval process since there is no need for the lender to appraise collateral or complete other time-consuming processes associated with secured loans.
Unsecured business loans can be used for a variety of purposes, such as working capital, inventory, marketing, or hiring additional staff.
Unsecured business loans can be easier to access, especially for small businesses or startups that may not have substantial assets to use as collateral.
Making timely payments on an unsecured business loan can help improve your business's credit score, which can make it easier to secure financing in the future.
Unsecured business loans generally do not have any restrictions on how the funds are used, giving you the flexibility to allocate the money where it is most needed in your business.
Whether or not to get an unsecured business loan depends on a variety of factors, including your business's financial situation, credit score, and the purpose of the loan. Our expert team of business lending specialists can help you identify the needs of your growing organisation, but could be used for:
If you would like to start growing your business in a sustainable, positive way with the use of smart funding options, then you have come to the right place. We want to work with you and your business to help you achieve your business financial goals. We can help you get the funds you need in as little as one business day.
Transport and Equipment Finance
Fox Finance Group has been assisting Australian Businesses to help them finance their business equipment since 2006. Our team take the legwork out of finding the best deal in the marketplace across a range of industries including Trucks and Transport, Mining and Construction, Farming and Ag, Boating and Marine, Aviation, Hospitality, Office Equipment and more. Whether it’s new or second-hand equipment, from a private vendor or dealer, we have a tonne of finance options for you.
Apply for a business loan
Unsecured Business Loans – Money in Your Account Within 24 Hours
Do you need to purchase something for your business right now? We’ve helped thousands of Australian businesses grow by partnering with us and using smart lending strategies within their business with a clear strategy to take things to the next level. We have been a part of the success stories of businesses trading in hospitality, retail, beauty services, transport and aviation, wholesalers, accountants, solicitors, real estate agents and much more.
Apply for a business loan
Tradesman Loans – Money in Your Account Within 24 Hours
Do you understand your options when it comes to Business Finance and Leasing? When we say that we can help you decide which option is best for your situation, we really mean it. With Fox Finance Group, you also get access to your very own Financial Planner to help you understand and plan through the best financial options for you and your business.
Apply for a tradie loan
Unsecured Business Line of Credit of up to $25,000
Do you need to purchase something for your business right now? We get so excited when we speak about our Unsecured Business Line of Credit product with our business clients! Having access to a facility like this has already proven to be a game changer for many Australian businesses.
Apply for a line of credit
Invoice Funding – Unlock Your Cashflow Today!
We have a number of Invoice Finance options for our customers. Imagine getting paid 80% of every invoice you issue with in 48 hours? Would that dramatically help your cashflow? WHAT EXACTLY IS INVOICE FINANCE? Invoice Finance is simply the use of outstanding debtors/accounts receivable to raise working capital. Invoice finance is not a loan it is the sale of trade debts/invoices for cash to bridge the cashflow gap between the time the sale is made and when the customer…
Apply for an invoice funding loan
Competitive Franchise Finance Options
Franchise Finance Obtaining finance when buying a franchise may be difficult as many lenders hesitate to fund new franchises or new ventures. At Fox Finance Group our Lending Specialists have many years experience in securing competitive franchise funding. We have strong business relationships with a number of financial institutions and banks that can help put the dream of owning your own…
Apply for a franchise loan
You can complete your business loan application either online or over the phone with us.
We will ask you to provide proof of business income and identification.
We'll work hard to ensure your business loan approval is as close to your loan preferences as possible.
With our technology, most business lenders will allow for secure digital signing of loan contracts.
Your loan funds can often be processed within one business day. It's that simple!
You can complete your business loan application either online or over the phone with us.
We will ask you to provide proof of business income and identification.
We'll work hard to ensure your business loan approval is as close to your loan preferences as possible.
With our technology, most business lenders will allow for secure digital signing of loan contracts.
Your loan funds can often be processed within one business day. It's that simple!
as a Financial Services Group helping customers Australia wide
of processed applications for everyday Australians and SME businesses
applications since 2006 and growing
Rated 5 out of 5 by our customers on Google
The primary difference between a hire purchase and chattel mortgage is who takes ownership of the vehicle. Your financier “owns” the truck in a hire purchase, whereas ownership passes to you in a chattel mortgage. Always refer to your accountant or financial advisor about which option is best for your individual business structure. If you’d like some information on the best way to structure your chattel mortgage, we’d love to help – give us a call on 1300 665 906 today, it’s obligation free!
Yes! However, you will need to be genuinely using your caravan for the business purposes. There are several business caravan finance options available:
Talk to a Lending Specialist today to explore the best caravan finance options on the market today, including what possible business tax benefits are available – call us or apply now for an obligation free quote.
Here at Fox Finance Group, we have access to a wide range of business loans and commercial finance to ensure we have an option suited to your needs. From business lines of credit, to equipment loans and commercial property loans; we’ve got your bases covered. Speak to our business loan lending specialists today to discuss which option is best for you, or let us reach out to you.
The process to apply for a business loan is very similar to a consumer loan application. Give us some simple details about your enquiry, or speak to a lending specialist to discuss your requirements. There are different documents needed for certain business loan applications. Your designated lending specialist will walk you through what documents are required based on your individual business loan enquiry.
