Sometimes a business loan can help ease the short-term pressures to allow your business to flourish again long-term. Talk to our team today if you need a business loan to benefit your working capital. Repayment of your merchant cash advance is handled through a holdback rate. The Holdback Rate is the percentage of daily credit card sales used to repay your cash advance. The interest rate corresponds to the cost of the advance, while the holdback rate applies to your daily payment. A personal guarantee implies the use of your own assets to guarantee the loan.


At Capital Boost, we help our customers apply with the best fit lender to considerably improve their chances of securing a loan. If you a bad credit history, it is almost certain that you will find it difficult to secure funding for your business. However, in some cases, if you are able to establish your reasons and build a strong business case, it might be possible to secure a loan.

Unsecured business loan basics

You will receive the loan quickly once the decision has been made . Access to capital for Australian small businesses drastically dried up during the pandemic. Before the SME Loan Guarantee Scheme was announced, both banks and small business lenders , rejected almost any application.

  • While lenders won’t take security over any assets of the business, it is important to be aware of the fact that some will insist on a personal guarantee.
  • If this does not work for you, we have other loan options that may better suit your needs.
  • Today’s landscape of business is changing faster than ever before.
  • Based on perceived risk, loan amounts and duration, they will offer you loan terms which include an interest rate and and a proposed offer.