Move the sliders to see weekly and daily repayments and the total cost of short-term business funding. Then see what lenders would actually offer your business.
An example only, not a quote. Real offers depend on the lender and your business. We compare what comes back and walk you through every repayment before you sign.
See my real optionsAnswer 3 quick taps and we compare what lenders offer your business.
Short-term business funding from $5K to $500K. An answer in hours, funds in as little as 24 hours.
Most short-term business funding is quoted as a factor rate: a single multiplier on the amount you borrow. It is simple to work out and the total cost is fixed from day one, but because the term is 3 to 12 months, the yearly interest equivalent is higher than a bank loan.
Lenders price it on how the business trades today, mostly through recent bank statements, so two businesses asking for the same amount can get very different offers. That is why we send your statements to more than one lender and compare what comes back.
Want the full picture? Read our guide to short-term business loans.
Short-term business funding is usually priced as a factor rate. Multiply the amount by the factor to get the total you repay, then divide by the number of repayments. For example, $50,000 at a factor of 1.25 is $62,500 repaid; over 6 months of weekly repayments that is about $2,400 a week.
A factor rate is a fixed multiplier, such as 1.2 or 1.3, applied once to the amount you borrow. Unlike an interest rate it does not compound, and the cost is known on day one. Because the term is short, the yearly interest equivalent is higher than a bank loan.
It depends on the lender, how long the business has traded, its monthly revenue and its bank statements. Banks are cheaper but slower and usually want property. Short-term lenders cost more and decide in hours. We send your statements to more than one lender and compare the offers that come back.
No. It is an example to help you plan. Your real repayments come from the lender's offer, and your specialist walks you through every repayment before you sign, with no obligation to go ahead.
Zupo arranges short-term business funding from $5,000 to $500,000. Lenders usually size an offer around the business's monthly revenue, which is why they look at recent bank statements.
Australian businesses with an active ABN, trading for 3+ months, with $10K+ in monthly revenue. The funding is for business purposes only.