Stay ahead of the game with Australia’s lowest rates and fast settlement on short term business loans —  Secured and unsecured business loans from an experienced, dependable and licensed lender. 

FAST MONEY WHEN YOU NEED IT

AUSTRALIA’S LOWEST RATES

PERSONALISED BUSINESS FINANCE SOLUTIONS

What is a Short Term Business Loan?

When businesses need cash quickly, short term finance can be arranged fast to cover your cash flow needs. 

It is just like any other loan — you borrow money for business purposes from a lender for an agreed-upon amount of time (a.k.a. the term of the loan).

The term of the loan ranges from 1 months to 30 years. But more commonly will be for between 1-5 years.

Depending on the loan, you may choose to make interest repayments each month you have the loan, or pay all the interest back at the end of the loan.


What Can A Short Term Business Loan Be Used For?

You are only limited by your imagination!

Short term business credit can be used for a range of business uses like:

  • Keep operations running.

When cash flow is tight, a business loan can provide you with cash so you can reliably pay your expenses. 

This includes overheads like staff wages, rent and inventory orders while waiting for your customers to pay you. 

Alternatively, you may wish to purchase land or build/renovate a property.

These are all common uses for short term business loans.

  • Buying stock in bulk to attract a discount.

It’s not uncommon for suppliers to give a bulk discount or early payment discount.

If the potential savings are higher than the expenses related to the loan, you could save yourself some money by taking out a loan to purchase goods. 

  • Marketing costs and other operating expenses.

A business without customers is probably not going to last very long.

This is why keeping on top of advertising and marketing is essential to keep a steady stream of people in your sales funnel. 

  • Upgrading assets and equipment.

If you’re thinking about ways to expand your business, upgrading or purchasing more equipment could increase your output capacity.

When growing your capacity is going to increase revenue, it could be a smart idea to use a short term business loan to acquire the assets until you have enough cash flow to pay back the debt.

Shop owner standing in store
A short term business loan can help your business succeed.

What Businesses Can Use A Short Term Loan?

All businesses require funds to operate.

We lend to all types of businesses, in almost any industry.

No matter what phase of the business lifecycle you are in, short term lending can suit your needs.

  • Startup.

It can be difficult to tick all the eligibility boxes in the early stages of business when looking for finance through banks and traditional lenders.

Taking out a loan could give you the cash injection needed to hit the ground running in terms of marketing, developing products, acquiring equipment and leasing a business premises.

Because we are a private lender, we have the flexibility to offer startup loans.

Your business may not have a track record just yet, but if we can see its potential, we’ll be more than happy to provide finance.

  • Growth and Establishment.

After honing your offering to suit your customers’ feedback, you’re beginning to see a lot of new and repeat business.

You may be considering how you can grow your business to become a household name.

Business loans can help you branch out to reach the next phase of expansion. 

  • Expansion.

With a solid offering available and plenty of loyal customers, the expansion phase is all about seeking new ventures to increase your offering and gain market share.

A short term business loan can help you grab hold of any opportunities as they arise. 

  • Maturity.

As a successful, mature business, you’re in a good place to secure amazing rates on business finance.

If you’d rather not focus on opportunities for more growth, you could use the cheaper finance to pay down any outstanding debt. 


Pros and Cons of Short Term Business Loans

Like everything in life, different types of finance come with various pros and cons. 

We might be a tad biased, but we don’t even think the cons of short term business finance will put you off!

 

PROS

Simple application process

Being a non-bank private lender means we don’t make you jump through hoops as other lenders do.

We understand that time is money, so we keep the application process simple to maximise efficiency.

Fast finance

Because the application process is quick and easy, you can receive your finance in as little as 24 hours — something that’s unheard of with banks or traditional lenders. 

Qualifying is easy

We are not bound by the regimented qualifying process that most lenders are.

We assess applications on a case-by-case basis and tailor a solution to suit each business’s needs.

We’re more concerned about your future than your past, so we’ve got bad credit loans available for people with a bad credit score. 

Flexibility 

We offer loan and repayment terms to suit your lifestyle and cash flow needs.

With terms ranging from 1 month to 30 years, and repayment options of monthly installments or capitalised interest, we’ve got the short term solution for your finance needs. 

 

CONS

Interest rates

The interest rates on short term finance are generally higher than that of long term business loans. 

Rates are slightly higher because it’s a quick, temporary solution that is easy to qualify for. 

If you choose a secured short term loan, the interest rate will be lower than an unsecured short term loan purely because there is less risk for the lender when an asset is offered as collateral.

We have the best rates in Australia!

You can use a short term business loan to pay your overheads.

How Does Short Term Lending Help Small Businesses?

Business finance can help a small business in a number of ways:

  • Help Manage Cash Flow.

Waiting for your customers to pay their invoices can put a strain on future operations.

Without income, how do you pay staff wages and purchase goods necessary for the next job?

Business finance is a flexible, short term solution to cash flow issues.

  • Fund Research And Development.

Remaining relevant is a major concern for businesses wanting to maintain their competitive edge.

Keeping on top of research and development can ensure you retain your customers and helps to gain market share.

When funds are tight, business loans can provide the cash flow needed to avoid eating into your working capital. 

  • Maintain Ownership And Control.

There are two types of funding; debt and equity.

Selling shares in your business is a way to raise funds without taking on any debt, but you’ll then need to share your business — and profits — with any shareholders or partner.

This works for a lot of owners and has its place when it comes to raising funds.

However, if you want to maintain control of your business, taking on debt in the form of a business loan could be the best option for you. 

  • No Long Term Commitment.

Long term loans certainly have their place in businesses when it comes to asset finance or commercial property loans. 

However, for smaller day-to-day expenses, short term finance is flexible, fast and efficient. 


What Is A Secured Business Loan?

When you take out a secured loan, you use your existing assets — such as property or machinery — as collateral for the loan.

If you default on the loan, the lender can sell the asset used as security to recoup their funds.


What Is An Unsecured Business Loan?

It is a loan given without needing to offer an asset as security.

The interest rate will be higher than a secured loan, but it’s a premium some people are happy to pay because it means they have not put one of their assets on the line.


What Can I Use As Collateral For A Secured Business Loan?

There are many business assets that can be used as collateral for business loans.

Assets such as commercial and residential property, vehicles, machinery and equipment, and even unpaid invoices that have been issued to your customers and are awaiting payment.


Can I Get A Business Loan With No Assets?

Yes! Unsecured loans are the perfect option when you need finance but don’t own any assets.

If you’re looking for a loan to purchase assets, a chattel mortgage could be right for you.

This is where the asset being purchased is used as security for the loan.

Alternatively, leasing or a hire purchase agreement may be an appropriate option if you’d like to use business assets without being the legal owner. 


Can I Get A Business Loan Against My House?

Yes. Property types including residential, commercial and rural can be used as security against your loan.


What If I Want To Sell The Asset Used As Security?

It’s your asset, so if you’d like to sell it, you’re welcome to.

However, you may need to offer a different asset to use as security against the loan.


Can I Use Short Term Finance To Consolidate Debt?

Yes! If you have multiple types of credit that are costly, debt consolidation can be achieved with short term finance.

Why Choose Diverse Funding Solutions for Your Short Term Business finance?

We’re not like other lenders – we care.

We see people as people and not as numbers, so we’ll never reject an application purely because you couldn’t tick all the boxes or meet unreasonable criteria. 

Time is money in the business world, so we strive to match you with a private lender promptly, so we don’t hold up your business operations. 

The approval process can take months with banks — but not with us. We don’t want to see you miss out on any opportunities, so we’ve streamlined our process to be as simple and time-effective as possible. 

We’re here to offer you fast finance, with the lowest rates in Australia. 

Our proven track record means we’re the experienced, licensed lender you’ll want in your corner.

We work with you to find a solution that’s sustainable, affordable and dependable.

When you succeed, we succeed — so we do everything we can to help you reach your goals. 

How do I Apply for Short Term Lending for my business?

Applying is quick and easy. Simply give us a call or submit our quote request, and we’ll find you the best finance solution on the same day! 

We don’t undertake a credit check when you submit our form, so your credit score will not be impacted at all. 

Once we’ve touched base with you, we strive to get the cash in your account as quickly as possible — in some circumstances, you will get paid the same day!