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.
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.
Below are different varieties of urgent small business loans that Equity Tap offers its customers.
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 loans are long-term funding with lower interest rates. It offers readily available working capital to serve any business purpose.
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.
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.
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 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.
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.
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.
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.
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.
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.
The small business loans from Equity Tap come with minimum requirements like:
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.
You should be active in the industry for a minimum of 6 months to 2 years for loan approval.
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!
All types of business owners can Equity Tap!
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.
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.
Weekdays 9.00am – 5.30pm AEDT
Simply APPLY ONLINE and we will immediately commence work on your loan.