Fast Business Loans
Your business needs to act fast when urgent costs pop up or golden opportunities lay before you. When you’re cash flow is unable to meet these immediate costs, speed becomes crucial. At Cigno Business Solutions, we’re obsessed with speed of delivery!
Every stage of our short-term business loans is designed to bring you a payout as soon as possible. We know how important it is for your business to stay agile with the working capital it needs to thrive, that’s why we always aim to pay out our fast business loans within 24 hours.
Thinking about getting some much needed instant cash with a fast business loan in Australia? Here’s what you need to know:
How are these business loans so fast?
When you apply for a loan from a bank or for any common lines of credit, they’ll want to check your credit rating as well as your financial history. This process usually takes quite a bit of time because there are a lot of hoops to jump through before a candidate can be approved.
Our process is far more simple. We aim to help strong businesses that are in urgent need of cash, so we don’t base our decisions entirely on your personal credit rating or business credit. Instead, we look at your current turnover and assess your ability to repay the short-term arrangements we’ll offer you. If your business generates enough in sales or revenue ($5000 a month), we’ll be far more confident that you’ll be able to pay what you owe comfortably.
Because we have a far simpler process, we’re able to complete applications in lightning speed. Being able to apply online also means you can start your application at any time of the day and from your phone while on the move. We understand that this is the level of convenience that business owners really need to keep things moving smoothly.
How much does this speed cost?
We like to keep things very simple here at Cigno Business Solutions, which is why we offer a very clear and streamlined pricing structure. We charge a very straightforward interest rate of 1% per fortnight for all loans within our base limit.
Where a lot of other companies offering fast business loans might try and stuff as many hidden fees and penalties into their offers as they can, we believe in doing things with a far more transparent approach. Our terms will include a clear repayment structure that you’ll find very easy to work around as we’re always keen to create loan terms that fit in perfectly with your circumstances.
What documents will you need to apply for a fast loan?
Any credible unsecured business loan company will always need a few essential things before they can offer you a responsible loan. The first thing we ask you for is some basic personal information so that we know exactly who you are. We also need a look at your most recent business account statements and we’ll also ask to see your ABN or ACN. That’s it!
If you can’t provide these details, your application will be delayed. With this information we’re all set to build you an offer that we think suits your situation perfectly. Your trading history is the vital component for us. As long as we can see that you’ll be able to make the repayments without putting your business at any unnecessary risk, we’ll be happy to help!
If you have these documents collected and ready to show us, this will go a long way in ensuring your business loan is instantly approved. Our aim is to make the whole process as quick and easy as possible so that you can focus on addressing the situation right away.
When does the fast business loan agreement become legally binding?
The entire process takes just a few hours in most cases, but the crucial stage is the offer and acceptance. When you’ve sent us your application, we’ll get back to you with an offer that we think best matches your needs. If you meet the right criteria, this offer will be in-line with the exact amount you asked for.
We’ll send a loan agreement with any offer we send. As soon as you sign that loan agreement and send it back to us, the loan becomes legally binding. From this point, we’ll then do our very best to get the funds paid to the account of your choosing as soon as possible.
Have any further questions? Feel free to get in touch with our friendly team and we’ll be happy to answer any other concerns you have right away!