Working capital, sized to what the business actually takes in.
This page sets out what the funding is, how it is repaid, how we decide how much, and what we look at. If something here is not clear, it is our fault, not yours, and the contact page is the place to say so.
The funding
An amount up front, repaid over a set term.
Most of what we arrange works the same simple way. The business receives a lump sum, and pays it back in a fixed schedule of payments over an agreed period. The total you repay, the cost of the funding and the schedule are all set out in plain figures on the agreement, before you sign anything.
- How the amount is set
- From the business's own deposits over the last three months, not from a fixed menu. A business depositing $20,000 a month is looked at differently from one depositing $200,000, and the amount offered is the one the statements can carry comfortably.
- How it is repaid
- In regular payments over the term, taken from the business account. The schedule is written into the agreement and does not move once signed.
- What it costs
- A fixed amount, shown in dollars on the agreement alongside the total to repay. No fee to apply, and nothing to pay for finding out where you stand.
- When a different shape fits better
- Some businesses are better served by a longer fixed term, or by a line they can draw on as needed. Where that is the case, we say so and arrange that instead. The answer you get is the one that fits, not the one that is easiest to sell.
What we look at
Four things, in this order.
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01
Deposits over three months
The single biggest factor. Consistent money coming into the business account, month after month, is what carries an application. This is why we ask for statements rather than a summary.
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02
How long the business has been trading
An approximate month is fine. Typically we are looking for at least six months of operation, because that is the point at which the statements start to say something reliable.
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03
Anything still outstanding
If the business is still paying off an earlier advance or loan, we ask so that the new repayment can be sized around it. It does not count against you on its own.
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04
Credit, as context
We ask for a score range, not a number, and we do not run a hard check to give you an answer. A score in the 500s is not the end of the conversation when the deposits are steady.
Who it suits
Established businesses, in most lines of work.
A good fit
A business that has been trading for a while, banks through a business account, and has deposits arriving every month. Sole proprietors, partnerships, LLCs and corporations all apply the same way.
Not a fit, and we will say so
A business that has not started taking money in yet, and anything personal. The funding is for commercial purposes only. It is not a consumer loan and cannot be used for personal, family or household expenses.
The application asks which of these the business is closest to. If yours is not on the list, choose the nearest and tell us more in your own words.
What it is used for
The ordinary reasons.
- —Payroll that lands before the invoices are paid.
- —Stock bought ahead of a busy season, or at a price that is only good this week.
- —A machine, a vehicle or a fit-out the business cannot do without.
- —A tax bill, an insurance renewal, a lease deposit.
- —A second location, or a contract that has to be staffed before it pays.
- —Bridging a slow month without letting a supplier relationship slip.
Ready when you are.
Five minutes for the form, three months of statements as PDFs, and you will have an answer you can read. Applying commits you to nothing.
Apply for funding