Unsecured Business Loans

What is an Unsecured Business Loans Australia?

When you apply for a loan from a traditional lender, it is standard practice for the financial institution to seek some collateral to use as security against the loan. In the case that the borrower defaults on their repayments, this collateral can be used to help the lender recover their lost assets.

An Unsecured Business Loan is considered “unsecured” because there is no collateral involved. Lenders in this category expose themselves to greater risk, as they have little recourse if the borrower defaults. For this reason, the borrower’s credit plays a more important role in determining how much they can borrow at one time.

If you or your business is able to pass a credit check and meet certain income requirements, chances are good that you qualify for an unsecured loan ranging anywhere from $3,000 to $100,000. This could be an ideal solution when your business is just getting started and doesn’t currently own the assets needed to post as collateral for a mainstream loan.

Unsecured Business Loan: Eligibility Criteria and Documents Required

  • You should be between 25-65 years old.
  • Your business should have a vintage of at least 3 years.
  • Your business should have its filed for at least the past 1 year.
  • Your business should have its previous 2 years turnover.

What typical industry is served by TSK in regards to unsecured loans?

Restaurants & Cafes Takeaway Food Services /Store-Based Retailing/ Professional Services/ Hair & Beauty Salons /Accommodation/ Food Wholesalers /Auto Repairs/ Technical Services /Plumbing/Maintenance Bars/Nightlife /Clothing Wholesalers/ Trades Scientific Services/ Tiling & Carpeting Services

How long does it take to get the loan approved?

Normally it only takes 1-2 days

TSK Loans Pty Ltd is an authorized corporate Credit Representative (#528475) of Australian Credit Licence No. 384324 including our brokers:

Taranjit Singh Kahlon is an authorized Credit Representative No. 528474) – Call today (03) 8721 9989

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