We are your partner in financial services

Broc Finance is committed to small business owners with the financial support they need to succeed. Our team of lending experts understand the challenges faced by SMEs today and is dedicated to providing innovative financial solutions that meet their unique needs. Whether you need a Secured Business Loan, Refinancing or any other type of financing, Broc Finance can help. We are experts in getting flexible repayment terms, competitive interest rates, and fast approval times to ensure that your needs are met in a timely manner. The success in facilitating the funding and refinancing of the property is a testament to the importance of having access to expert financial services. In today’s competitive market environment, it’s crucial for homeowners to have access to funding that can help them refinance their property, seize new opportunities, and grow their businesses.

Meet the business

The client was into door repairing services and was looking to get a small business loan for its business expansion without making a hole in his pockets. His ideal funding solution was not only a small business loan with max lend approval but equally competitive pricing as well.

Business & Trade industry

SA, Australia

The challenge

Our senior lending specialist looked into the application and pitched the deal to a lender who can offer both. He presented the case by highlighting some great merits in the deal like long trading history, no existing cash flow loan, impeccable credit history which added great comfort to the lender.

The solution

Date

Mar 2022

Funded

$43,000

Turnaround Time

48 hours

Product

Small business loan

Within 48 hours, we got the client funded with a loan which was 3x his monthly turnover at the sharpest pricing even for a smaller amount which is very rare. The client was thrilled with the outcome and gave us 5 stars review on Google with a phenomenal testimonial to our lending specialist. At Broc Finance, being a small business ourselves, we not only understand our client’s requirements and their ideal funding solutions but also pitch it to the right lender to meet his expectations. If you have a scenario to discuss, contact us on 1300 253 041 or get an indicative quote

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Learn more about unsecured business loans

What do you need to be eligible?

Be an Australian Business operating in Australia with an active ABN

Turning over more than $5,000 per month

Operating for more than 6 months

Read more or speak to an expert!

Learn More

What are the benefits of Small Business Loans?

Benefits

No need of security to get an unsecured business loan.

Unsecured business loans are the quickest way to access funds.

Low Doc Approval: You can get an unsecured business loan based on last 6 months bank statements and Identification proof in most of the cases.

No risk of losing any asset owned.

Timely repayment of your unsecured business loan helps build a strong credit history, which will help get competitive interest rates in the future.

Unsecured business loans are a major cash flow booster for the overall growth of the business.

Real results with real people.

Niteesha Nagowah

Niteesha Nagowah

We had an incredible experience working with Saroj from Broc Finance. He is incredibly knowledgeable, responsive, and guided us through the purchase of our company vehicle with expertise. The attention to detail and commitment to finding the best possible options truly set him apart. Highly recommend his services for anyone navigating the complexities of obtaining a finance. Thank you again for outstanding assistance.
vishal srivastava

vishal srivastava

We have used Broc Finance over last 2 years for various business line of credits and vehicle loan. Broc finance have been very professional in this journey. They have understood our needs as business and catered the solutions as per requirement . They look around in market and get one the best financial solution for the business be at vehicle of line of credits . I would strongly recommend the business for there services
Nasir sabiry

Nasir sabiry

Thank you very much in helping me with financing a car SAS. You have been very professional and responsive every time I needed information. Fully recommend to any looking to finance a car.
Ajay Kanumuri

Ajay Kanumuri

I would strongly recommend. Saroj Shah helped to get my loan with in span of three days. He was very supportive and clearly explained the loan process.
Atulkumar Patel

Atulkumar Patel

I don't want to miss this opportunity to say About Saroj Work that he just made it impossible job into possible , I have got loan of 1.5 million event though I have very low credit score . Great work , and highly recommend for any kind of loan issues.
Tajinder Kumar

Tajinder Kumar

For those seeking a trustworthy and dependable financial broker, I would like to recommend Broc Finance. While their fees may be slightly higher compared to other brokers, I found that their personalized approach made it worth it. Broc Finance took the time to understand my specific needs and goals and tailored their services accordingly. Additionally, their prompt availability to answer any questions or concerns was greatly appreciated. Overall, if you're in search of comprehensive and professional financial advice, Broc Finance is an excellent option to consider.
Scott Filby

Scott Filby

Excellent experience with the service of Saroj! He did all the hard work and helped me find what I required. Saroj offered excellent suggestions and went the extra mile with his advice, which won my respect and helped in achieving the outcome required.
Mai Yang

Mai Yang

Absolutely wonderful service! Saroj was amazing with keeping us up to date with our loan application which was approved quickly without any hassle. I would definitely recommend Broc Finance!

Have questions? Talk to a specialist!

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FAQs about Small Business Loans

With the advent of technology, the small business loan application has become simple and paperless without any hassle to take any printouts. All you need is to submit some basic details related to your business by completing the online application form and last 6 months bank statement of your business through a secured link provided by us. Additional documents may be requested depending on the type of small business loan you are applying for.

To get a secured small business loan, all you need to have is an ABN and free equity in your property. 

To get an unsecured small business loan, you need to meet some basic qualification criteria such as:

  • Have an active ABN;
  • Be operating for more than 6 months; and
  • Be turning over more than $5,000 per month in the last 6 months.

In most of the cases, for a small business loan up to $150,000 you just need to submit a 6 month bank statement and a valid Identification proof to get an approval. For complex or large ticket loans above $150,000, you would generally be required to submit the financial statements, BAS and ATO transaction statements.

The lenders understand the nature of urgency for small business owners. You may get the funds into your account within 3-4 hours as well. On average it generally takes 24-48 hours to get an unsecured business loan approved.

There is no mandatory need to have security to get a small business loan. Small business loans can be obtained as a secured as well as unsecured facility. However, for a new or start-up business operating for less than 6 months, you would require security to get funded.

Yes, possible. However, to get a small business loan for a new or start-up business, you need to pledge a security against the loan.

The interest rate charged by the lenders differs from case to case depending on various risks associated with the business, like Industry, scale of operation, cash flow, credit history, asset ownership and term of the loan. For e.g. A borrower with poor credit history would be charged a higher rate of interest as compared to a borrower with a good credit history. However, in general the interest rates typically range between 10-20% p.a.

Generally, small business loans are for shorter terms and can be anywhere between 3 months – 36 months. In most of the cases, small business loans are offered for a 12-month period.

Traditional Banks do offer small business loans, but they always maintain a strict and lengthy screening process which makes it a difficult and time-consuming process for a small business owner.

Opposed to Banks, there are various non-bank lenders and fintech companies who specialize in providing business loans to small businesses. Broc Finance is dedicated to assist small businesses with an easy and streamlined process to obtain a small business loan through its panel of non-bank cash flow lending partners with possibilities of financing within 24 hours. Please get in touch to know more.

Lenders would run a credit check only after obtaining a consent from you.

The loan application is obligation free and there are no application costs involved. You’ll be charged an origination fee only after your loan is approved and disbursed into your account. The origination fees differ from lender to lender and generally ranges between 2%-5% of the loan amount. The origination fee is a one-off fee and is on top of normal interest charged on the loan amount. Please contact us if you wish to know more details.

We have lenders on our panel who generally lend to almost every sector, so essentially there are no restrictions (barring a very few industries). In case you are sceptical about whether you can get funded in your industry or not, please let in touch for a free consultation with one of our lending experts.

With advancement in technology, submitting a bank statement has become super quick and easy without compromising the security. On receipt of the loan application, we would provide you with a safe and secure link to share your bank statement with us. This process makes the loan approval smooth and fast as we can receive your bank statement within minutes and proceed with the loan approval process instantly. Please note: With increasing fraud and forged documentation, lenders are no longer accepting PDF bank statements.

Generally, lenders consider the cash flow of the business to arrive at your borrowing power. They look into various other fields such as your credit score, past bank dishonours, industry, number of years in the business, age of the promoter/directors, existing personal asset/liabilities etc. to make a lending decision on the file.

Getting a small business loan with bad credit history could be tough and expensive; however, it’s not impossible. We have tie up with lenders who are happy to look at businesses and give them a second chance who had bad credit history in the past but have robust cash flow at present. Please get in touch with us for a free consultation.

At Broc Finance, we endeavour to get the most adequate facility suitable to the business requirements of our clients. In most of the cases logged in through us, we try to get an indicative offer from the lender for our client’s consideration before proceeding with formal application and consent to credit check. This approach helps our clients to avoid unwanted rejections and credit checks which can significantly impact their credit score.

We would be happy to answer, if you have any other questions. Please contact us.