Let’s talk about a
better business loan
Credit decisions within 24 hours
Apply online in 7 minutes
Up to $250,000 with no asset required
Eligibility
Our eligibility criteria are straightforward and transparent. We perform credit checks only when we determine that we’re a suitable match to address your financial needs.
An active ABN or ACN
6+ months in business
$10,000+ in monthly sales
GST registration1
Finance that works for you
Apply for a business loan in 7 minutes and get a decision within 24 hours.
Easy to apply. Simple as 1, 2, 3.
Apply for a business loan in 7 minutes and get a decision within 24 hours.
Complete some basic business and personal information to get started.
Link your online banking or accounting data, and we’ll determine how much we can lend.
Once approved, provide us with your preferred business bank account, and we’ll have the funds to you fast.
Request a callback
Leave your details and a business lending specialist will be in touch. Alternatively, if you’d like to chat to someone right now you can give us a call on 1300 082 717.
Business Loan Basics
What do you need to consider when looking for a business loan?
Traditional bank loans vs. online business loans
Simplifying the business loan application process
Fast business finance options to meet your business needs
Hide and seek with hidden fees
What do you need to consider when looking for a business loan?
A business loan can serve various purposes, whether you aim to expand your operations, enhance cash flow, or purchase inventory.
When seeking business financing, there are several credit options to consider, such as term loans, business overdrafts, lines of credit, business credit cards, or equipment financing. Key questions to ask include:
- What is the interest rate?
- Is it fixed or variable?
- What are the loan terms?
- Are the repayment terms manageable, and can I meet them?
- What are the terms and conditions of the loan?
- Are there any hidden fees, such as early repayment penalties?
Traditional bank loans vs. online business loans
Obtaining a business loan can often be a lengthy and complicated process. For example, bank loans typically require extensive paperwork and may demand complex documents like a detailed business plan. Research shows that banks reject 74% of small business loan applications. Fortunately, there are better financing options available for businesses that have been operating for at least six months. At Tycoon Money, our application process is fully paperless and quick—apply online in minutes, and you’ll receive a decision within 24 hours. Plus, we specialize in unsecured loans, so no collateral is needed.
Simplifying the business loan application process
As a business owner, your time is valuable, and dealing with excessive paperwork and waiting weeks for a response isn’t ideal. That’s why we’ve simplified the process of applying for a business loan. Instead of submitting lengthy paperwork or a business plan, you can complete your application online in less than 7 minutes. Once you link your business data, we assess your application in real-time, providing a decision within 24 hours.
Fast business finance options to meet your business needs
Applying for a traditional bank business loan can take 6 to 8 weeks for approval, but in a fast-paced business environment, you may need funding quickly. Whether it’s to purchase discounted inventory, cover a short-term cash flow gap, or buy equipment, we provide fast access to business finance without the lengthy wait. Once approved, funds are transferred to your account by the next business day, allowing you to focus on growing your business.
Hide and seek with hidden fees
Many business lenders impose various fees, including administration fees, direct debit fees, and early repayment penalties. These costs can add up quickly and, if unexpected, can significantly increase the overall cost of your business loan. It’s important to carefully review the fine print to understand all applicable charges.
At Tycoon Money, we’re committed to transparency—there are no hidden fees. You can use our loan calculator to accurately determine your repayments, so you know exactly what to expect.