Unsecured Business Loans: Top 5 Most Popular Business Loan Criteria (5 of 5)

06 Jul Unsecured Business Loans: Top 5 Most Popular Business Loan Criteria (5 of 5)

Posted at 09:09h in Loan Approval Guides, Unsecured Business Loans by Team Loandesk 0 Comments

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This is part 5 of 5: (view previous)

Loandesk specialises in matching business owners to unsecured business loan options. There are quite a few options available to SME’s if when searching for loans under $200,000.

If you don’t have the equity in your property or other assets to pledge as security for bank loans then unsecured loans might be the answer. They’re quick to obtain, relatively easy to manage, however come with varying degrees of criteria that might take you weeks to unravel.

@getwaddle data is monitored in real-time giving constant access to credit lines that increase with growth #fintech pic.twitter.com/1ABBKl6qTm

— Waddle (@getwaddle) July 14, 2015

The good news is that we’ve done the heavy lifting for you. We work closely with every lender in Australia to pin point the right matching criteria to get you approved faster.

All you have to do is, check out the basic level of criteria below then complete your profile to see your matches.

Unsecured Business Loans Minimum Criteria
Years in Business Required:	1 +.
Minimum Revenue:	$50000+
Personal credit score	600+
Company credit:	No unpaid defaults.
Tax debt:	Yes sometimes.
Profitability required?	No.
Bankruptcy allowed?	No.
Credit Card volume a factor?	Yes.
Accounts Receivable a factor?	In some cases.
Second position allowed?	Yes.

Get matched to loan options: Get started

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