Understanding Business Loans
Through
Live capital
Live capital helps your business access unsecured business finance from a panel of lenders. An unsecured business loan is typically issued and supported by a borrower’s creditworthiness, rather than by any type of collateral.
This type of loan will suit your business if you have collateral to leverage, however borrowing terms usually have a higher interest rate than asset backed loans.
Our online form allows you to see if you qualify without affecting your credit score. Once you have submitted your details into our form, we will match you with the most appropriate lender (or lenders) based on the business information provided.
Eligibility
Different factors determine whether you or not you qualify for a business loan. These include; time in business, loan amount, monthly business revenue, cashflow and credit score.
Loan approval time
Loan approval time may vary time depending on the lending partner and your business situation. Loan approvals are typically between 24 and 48 hours.
Loan terms and repayments
Loan terms vary depending on the lending partner. Different borrowing options are available depending on your business needs and credit score. Repayment terms are typically between 3 months and 2 years and can be repaid weekly, monthly, bi-monthly or even yearly.
Loan amount and interest rate
Loan amount and interest rate are typically dependent on your credit score and also vary depending on the lending partner. Your credit score is a number that helps our lending partners evaluate your business in terms of risk.
If your score is better, you will be able to access better terms and a higher loan amount. Across our panel of lenders the minimum loan amount is $5,000 and the maximum loan amount is $500,000.
The interest rate is determined by additional factors including your business health, cashflow, and loan term.
Other fees
When borrowing from one of our lenders there is often an upfront fee in the form of an origination or establishment fee. Depending on the lender this can be anywhere between $0 and 3% of the loan amount. There may also be a late payment fee or an early payment fee.
Summary
Borrowing terms vary across our panel of lenders and depend on many different factors.
Understanding
Business Loans
Through
Live capital
Live capital helps your business access unsecured business finance from a panel of lenders. An unsecured business loan is typically issued and supported by a borrower’s creditworthiness, rather than by any type of collateral.
This type of loan will suit your business if you have collateral to leverage, however borrowing terms usually have a higher interest rate than asset backed loans.
Our online form allows you to see if you qualify without affecting your credit score. Once you have submitted your details into our form, we will match you with the most appropriate lender (or lenders) based on the business information provided.
Eligibility
Different factors determine whether you or not you qualify for a business loan. These include; time in business, loan amount, monthly business revenue, cashflow and credit score.
Loan approval time
Loan approval time may vary time depending on the lending partner and your business situation. Loan approvals are typically between 24 and 48 hours.
Loan terms and repayments
Loan terms vary depending on the lending partner. Different borrowing options are available depending on your business needs and credit score. Repayment terms are typically between 3 months and 2 years and can be repaid weekly, monthly, bi-monthly or even yearly.
Loan amount and interest rate
Loan amount and interest rate are typically dependent on your credit score and also vary depending on the lending partner. Your credit score is a number that helps our lending partners evaluate your business in terms of risk.
If your score is better, you will be able to access better terms and a higher loan amount. Across our panel of lenders the minimum loan amount is $5,000 and the maximum loan amount is $500,000.
The interest rate is determined by additional factors including your business health, cashflow, and loan term.
Other fees
When borrowing from one of our lenders there is often an upfront fee in the form of an origination or establishment fee. Depending on the lender this can be anywhere between $0 and 3% of the loan amount. There may also be a late payment fee or an early payment fee.
Summary
Borrowing terms vary across our panel of lenders and depend on many different factors.