A small business loan can be used to fund most business related purposes, for example buying stock or equipment, covering ongoing running costs, business expansion or cash flow.  There may be an unmissable opportunity or an unexpected bill whereby funds are needed quickly, unsecured loans offer flexibility and are quicker and simpler to get than secured loans.

You can apply for most small business loans online but the process itself will differ from lender to lender, with some requiring a lot of information and documentation upfront.  Making an application with Same Day Business Loans is streamlined and only takes about 10 minutes to complete. You’ll just need to provide some basic information about your business such as shareholder details, top level financials, and purpose for the funding. 

Before applying for a small business loan, you should take some time to work out whether a loan is your best option. Thoroughly assess your business's financial needs and explore different lenders to find the best loan product that aligns with your goals and circumstances. You shouldn’t take out a loan if you’re worried if you can't meet the repayments. It’s important to consider how much you can afford to repay each month and how long you’ll be making repayments for.