Frequently Asked Questions

1. How do I apply?

Applying for a loan with Live capital is simple and only takes a few minutes, without any paperwork or queues. Simply click the ‘Apply’ button and fill out our online form to see if you qualify. We’ll ask you some basic questions such as how much you would like to borrow, your monthly business revenue and how long your business has been operating.

2. Who are your partners?

As of October 2020, Live capital partners with 7 leading Australian lenders; Prospa, Capify, OnDeck, GetCapital, Lumi, Sail and Bizcap.

3. How long does it take to get approved for a loan?
After your application has been submitted you’ll receive a decision within a few hours. Most Live capital customers receive their funds within the first 24 hours if they qualify for a loan.
4. How much can I borrow?

The total amount you can borrow depends on the unique circumstances of your business. We look at a variety of factors to determine the health of your business. Loans are then approved up to an amount of $600,000 with a minimum loan amount of $5,000.

5. How do you charge for a loan?
We will not charge you for submitting a loan application. Your application is completely obligation free and you can choose to commit to the loan at a time when you are ready.
6. What fees do you charge?

The amount due from the first day of your loan term can include an establishment fee. There can be additional fees including early repayment fees and late fees depending on the lending partner. It is a good idea to discuss any applicable fees with the lender before signing your loan agreement.

7. What can I use a Live capital loan for?
Live capital unsecured business loans can be used for any business purpose you like. Some of the common ways that small businesses use loan funds include:

  • Improving cash flow
  • Paying off expenses
  • Renovations
  • TAX or BAS payments
  • Purchasing stock
  • Marketing
  • Hiring extra staff
  • Upgrading equipment
8. Will I be penalised for a late repayment?

Early repayment and discharge fees may apply with some of our lending partners. Each application is assessed on several factors such as your business age, credit score, or loan amount.

Ask for an example of what your loan repayments would look like when speaking to a lending specialist.

9. Will I be penalised for an early repayment?

Early repayment and discharge fees may apply with some of our partners. Each application is assessed on several factors such as your business age, credit score or loan amount. Ask for an example of what your loan repayments would look like when speaking to one of our specialists.

10. How do the repayments work?
Your repayment period and instalments are arranged at the time of taking out the loan. Instalments can be weekly, fortnightly or monthly and are deducted from your nominated bank account.
11. What is an unsecured loan?

An unsecured loan is when the health of a business is used to determine the creditworthiness, without the business owner needing to secure the loan by putting up an asset as security. Banks do not traditionally offer unsecured business loans due to the arduous paperwork, higher risks, and low returns which don’t make it worthwhile. Many small businesses owners often find they are declined or faced with having to use an asset to secure a loan.

12. What is your borrowing period?
Loan terms range between 3 and 36 months and we customise daily or weekly repayments to suit your business needs.
13. What are your interest rates?
The loan amount and rates are dependant on your industry, credit history, and term of the loan. While a poor credit score will make it difficult to secure funding from a bank, our lenders look at additional data to access the health of your business and creditworthiness. The data assessed will vary for each lender, so it is best to check with our lending partners directly.
14. Do you provide loans for start-ups or to purchase a business?
At this stage, Live capital does not offer loans to start-up businesses or to purchase businesses. To qualify for a loan through Live capital, your business must have been operating for a minimum of six months.
15. What kind of business loans do you offer?

Below are the key loan types and repayment options we offer for businesses:

16. How do I qualify for a loan through Live capital?

To qualify for a loan through Live capital, your business must have a registered ABN, have been operating for a minimum of six months and have a minimum monthly turnover of $10,000. To see if you qualify, click here. 

17. Who can apply for a loan through Live capital?

Any registered business in Australia can apply for a loan through Live capital. To qualify, your business must have a registered ABN and have been operating for a minimum of six months. To see if you qualify for a loan through Live capital, click here.