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Unsecured business loans in Australia
Business loans can either be secured or unsecured. A secured loan is a loan that is guaranteed by an asset, such as a property or a car. On the other hand, unsecured loans allow you to borrow money for your business without the need for collateral. Business owners can take advantage of unsecured loans when they are unable to obtain a secure loan.
At OnDeck, we don't require asset security on any of our loans from $10,000 to $250,000, which means our loans are completely unsecured, always.
Other online lenders say that like us, they do not require security on their loans. However, we are aware there are clauses in some contracts whereby if you miss even one payment on your loan, they can trigger asset security over your loan. At OnDeck, we don't require asset security on any of our loans under any circumstances, period.
Invest in your business today
Every business owner knows you need to spend money to make money. To fuel business growth and increase your profits, you need to invest in the things that make you money - facilities, staff, equipment, vehicles, and more.
Small business loans are an excellent way to get the funding you need to make strategic investments that end up paying for themselves. Accessing smaller loan amounts can even help if you just need to support your business cash flow during a downturn.
You could use one of OnDeck's unsecured small business loans to finance:
Renovations to your business or expanding your premises
Buying or upgrading equipment and company vehicles
Hiring or training staff
Marketing campaigns and advertisements
Great you're eligible! Here's how it works:
Complete a quick and easy application - it only takes a few minutes
Loans as fast as 2 hours
Our lightning loans up to $175k can be funded in as fast as 2 hours - simply provide 6 months bank statements
$250k in a day!
More complex loans of up to $250k can be completed in as fast as 1 business day
A dedicated Australia-based Loan Specialist will be in touch to help process your application