Urgent Small Business Loans
Apply for small business loans to boost your business.
No payments for up to 6 months
You can take an Equity Tap loan from 1 month, right through to 12 months. Best of all we can prepay the interest during the first 6 months.
- No valuations or financials
- Loans up to 12 months
- Funding from $50k up to $5m*
- LVR up to 75%
- 1 hour approval
- 24 hour settlement
- No repayments until maturity^
- Repay early or extend the loan FEE FREE
- No hidden fees or charges
Simple online process
It's quick, easy and secure. All designed to make your life easier.
- 2-minute application
- Same day approval
- Funding in 24 hours
- No financials or valuations required
- Aussie customer service
- Tax debts and poor credit score Ok
When would I need Equity Tap?
When you have an unexpected business opportunity & you need funds to seize the day.
When you need to settle on a property right away, but your bank finance has fallen through.
When you're selling real estate, but you urgently need the proceeds of the sale right NOW.
When your Bank approval is taking too long, and you need the funds by tomorrow!
Urgent Small Business Loans Help You To Focus More on Your Business
Small business funds allow business owners to borrow the necessary funds for covering company-relevant purchases and other operational expenditures. Whether you are just setting up a new business or trying to expand the established one, Equity Tap can assist you in accessing the necessary capital that you might need to thrive. A small business loan is a business funding source that the business owners can access to cover the related cost associated with business growth and operation.
Based on the loan type, you can use the business funds for everything from equipment acquisition to working capital for purchasing massive assets like real estate. Equity Tap issues lump sum loans to the borrowers that they can use to manage the cash flow and repay us with interest within the specified term. The small business loan depends on several factors like creditworthiness, amount to borrow, how you will use the funds and the emergency for which you need the fund.
Different Types of Small Business Loans
Below are different varieties of urgent small business loans that Equity Tap offers its customers.
Commercial Vehicle Funding
The loans for buying business automobiles are collateral-free. You do not have to live in jeopardy of any business asset getting possessed by Equity Tap if you fail in making the repayments.
SBA Loan
SBA loans are long-term funding with lower interest rates. It offers readily available working capital to serve any business purpose.
Equipment Funding
Equipment funding for a commercial purpose allows the business owner to completely buy off any essential equipment. Buying it from your revenue might affect the cash flow, and hence, the loan application is the most feasible solution.
Startup Business Funding
A business loan for a startup provides the best financial solution for entrepreneurs to begin their company. It gives the borrower the necessary funds to make their business successful from the start.
Asset Centric Loan
An asset-centric loan allows the borrower to implement unpaid invoices like collateral. It is the line of credit dependent on the invoice values.
Invoice Factoring
Invoice factoring allows the borrower to sell their invoices to the lending financial institutions. Only when a customer pays for an invoice, the borrower repays the loan amount to the lender.
Merchant Cash Advance
A merchant cash advance is a capital allocated to the borrower to cover up the company’s daily expenditures. The borrower can repay the loan amount with a particular percentage of the transactions made on the credit card.
How To Apply For Small Business Funding To Equity Tap?
The underwriting and the application process for the loan vary according to the lender. But Equity Tap follows the basic guidelines for the loan application.
Decide on The Loan Type
Before hitting the submit button, you should determine which type of small business loan you need. Also, evaluate the total loan amount you will require for smooth business operations, as it can impact your loan application.
Collect The Necessary Document
For a loan application, you should collect vital documents like a business plan, business and personal bank statement of the borrower for a minimum of 6 months and current or past loan details beforehand. You also have to submit copies of the legal database and applicable licenses, collateral details and strategies to use the funds.
Submit The Loan Application
Once you have checked and collected the above documents, you can submit the urgent small business loan application to Equity Tap. You can contact our efficient financial experts afterwards for further assistance.
Documents To Submit For Small Business Funds
The small business loans from Equity Tap come with minimum requirements like:
Credit Score
The borrower can apply for an emergency small business loan with a credit score as low as 500. However, a higher score will reduce your loan interest rate.
Total Business Time
You should be active in the industry for a minimum of 6 months to 2 years for loan approval.
Business Bank Account
The bank account meant for the business should have regular transactions to indicate the company’s cash flow.
If you also need urgent small business loans, Equity Tap is the name you should be looking for!
See if you're eligible
All types of business owners can Equity Tap!
- Sole Traders
- Partnerships
- Companies
- Property Purchases*
- Have sufficient equity in real estate
- Have a company or ABN
- Be an Australian Citizen or Permanent resident over the age of 18
- Be borrowing against a property in Australia or New Zealand
- Have a government ID, such as a passport or drivers licence
We lend in most metro and non-metro postcodes in every state and territory in Australia, and right across New Zealand. However we can’t lend in some remote areas, on huge acreages, on workings farms, or where the population or recent property sales are very low.
- A rates notice for each property
- Photo ID for each person on title
- A recent Mortgage Statement
- A certified copy of the Trust Deed
- A copy of the Contract of Sale
- Evidence of paid deposit
- Evidence of remaining funds to complete purchase
- If residential, property must be purchased in a company name
Equity Tap Loan fees
- From 1.5% per month
- Interest is Pre-Paid for up to 6 months, so you don’t have to pay a cent during the first 6 months of the loan term
- This fee starts from $2,500, and is calculated as a percentage of the total loan amount + standard legal costs.
- These costs are capitalised into the loan, so you don’t need to pay them up front.
NIL – because we do not do valuations. Ever!
All included in the legal fees.
Complete our online application to find out what fees may apply to your unique scenario.
Don’t worry – it doesn’t cost anything to apply, and we do not do a credit check on application.
Our team are here to help.
Weekdays 9.00am – 5.30pm AEDT
1300 123 024
Simply APPLY ONLINE and we will immediately commence work on your loan.