About Business Fuel
When working with smaller, alternative or boutique financial services providers and lenders you will always benefit from personalized service, simple application processes and flexible and less stringent qualification requirements.
Business Fuel offers Australian business owners all of these benefits and are much easier to deal with than those mega banking corporations we’ve all accepted as the standard.
A small, passionate and dedicated team
Business Fuel has a smaller team of professionals administering, approving and managing business funding and they are therefore much more dedicated, passionate and approachable than staff from large corporations and banks.
The best customer service
With these staff members, you’ll receive simply the best customer service, unparalleled attention to detail and, of course, a business loan solution that meets your needs and fits into your budget.
A simple online loan application process
When it comes to offering a simple loan application alternative lenders always outdo the traditional banks and Business Fuel’s application is no exception.
Their online loan application is simple, streamlined and can be completed quickly.
What Business Fuel can offer you
Business Fuel is an online alternative lender that offers both unsecured and secured business cash loans. They have short term loans with loan terms ranging from 3 to 12 months, equipment and car finance loans which offer loan amounts of up to $100,000 and invoice funding up to $250,000.
Equipment and vehicle finance
If you need to buy a van or company vehicle for your small business a secured vehicle loan from Business Fuel can help you get it sorted fast. These loans offer you up to $100,000 and you will not pay any early repayment penalties if you decide to repay the loan early.
Business loans to fund an expansion
Business Fuel also offers business term loans which offer you up to $250,000 in secured or unsecured loans with repayment terms from 3 to 12 months. They allow businesses to redraw when necessary and offer a quick, 48-hour turnaround.
A business loan 100% online
One of the best things about Business Fuel is that unlike so many mutual banks, trade unions and traditional banks they have a complete online loan application process.
This means you can take care of the application, upload your supporting documents and sign your loan contract without ever stepping out of the office!
Business Fuel Product Details
- Loan Type Business loans
- Interest Rate from 6.78%
- Loan Amount up to $250,000
- Repayment 90 days to 12 months
- Decision 72 hours
Enjoy business loans in as little as 48 hours
To be able to apply for business finance with Business Fuel your business must meet the following requirements:
- Have been in operation for a period of 9 months or more
- Have been trading in the same location for the same period of time
- Have never been declared bankrupt
- Have a monthly turnover of $10,000 or more
- Have 12 months left on your business lease
- Rental payments must be up to date
How much you can obtain with Business Fuel
As mentioned on their official website, they offer loans and finance options ranging from $5,000 to $250,000 but, will generally only approve loans in amounts of 100% of a business’ monthly turnover.
Furthermore, it’s important to determine whether you’re looking for a short-term loan, equipment and vehicle finance or invoice funding to determine how much you’ll be able to borrow from them.
You will need to provide the following documents when applying for credit with them:
- Bank statements for 6 months
- Your lease
- The identification documents of all directors and shareholders
Financial maturity goes a long way
Should you apply for a certain amount and you find that you actually qualify for an even bigger amount, please stick to the original amount you had applied for. It makes it better when you have to pay your business loan.
In essence, this is where financial maturity comes into play. There should always be a determining factor between what you want your business to achieve in the long run or whether you are willing to pay for an unnecessary credit plan.
Stick to your amount and don’t go overboard. There is no telling what your business might need tomorrow so it is best to do all that you can to protect your credit profile.
Can I apply for two business loans at the same time?
After undergoing the same process that you did when you applied for your first business loan and we find that you qualify for a secondary loan, we will approve your loan.
It is the responsibility of the client to ensure that all your business loans are paid well and on time. Any late payments will result in extra charges and a negative stain towards your credit profile and loan record.
Customer Reviews & Testimonials
Business Fuel gave me and my business our big break.
— Broome —
Without the financial assistance from Business Fuel, I don’t know where my business would have been.
— Perth —