A Beyond Merchant Capital Unsecured Business Loan gives approved Australian businesses access to funding between $10,000 and $300,000, depending on their average turnover. Beyond Merchant Capital aims to give pre-approval within 24 hours of the initial application, and you will generally receive your funds within 48 hours.
Since a Beyond Merchant Capital Unsecured Business Loan does not attract interest payments or ongoing fees, you will know the total cost of the loan before going ahead. You can make loan repayments on a daily or weekly basis, with loan terms typically between 3 to 18 months.
A Beyond Merchant Capital Unsecured Business Loan has the following features:
Once Beyond Merchant Capital approves your loan application, the company will offer you a one-time factor fee which it will add to the loan amount to make up the total cost of the loan. Apart from the factor fee, no other fees, charges or interest rates apply.
Beyond Merchant Capital applies risk-based pricing to calculate your factor fee, which is agreed up front. The factor fee is determined on a case-by-case basis by considering the type and age of the business, the amount of the loan, the loan term and other factors.
Beyond Merchant Capital offers a simple online application process. To start the application process, click "Go to Site" on this page. Your business will need to meet the following criteria to be eligible for a loan:
You will also need the following documents during the application process:
In some circumstances, Beyond Merchant Capital will require additional documents, including the following:
You can simply the provision of bank statements and financial documents by using the external data encryption solution Proviso, which gives Beyond Merchant Capital read-only access to your bank statements and Xero data. Otherwise, you will need to supply paper documents.
Once Beyond Merchant Capital has received all your details and documents, someone from the company will contact you within 48 hours to inform you of the outcome of the application. If approved, you will receive the funds in your account within 24 hours.
A Beyond Merchant Capital Unsecured Business Loan is a viable finance solution for established Australian businesses. Before deciding on any business loan product, compare business loans to ensure you choose the product that best fits your individual circumstances.
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