Quik Loans offers an unsecured loan of $5,000 to $250,000. The term of the loan is between 3 and 24 months and the cash flow friendly repayments are either daily, weekly or fortnightly.

You can apply for the Quik Loans Business Loan in under ten minutes and receive a fast response – often as little as one hour. Application is 100% online and funds can usually be provided the same business day. Traditional business loans reference an interest rate per annum plus other fees and charges. The Quik Loans Business Loan details the total amount payable upfront inclusive of any interest, fees or charges that is then broken down into either a daily or weekly repayment figure.

We’ve made it easy and fast. Simply click the apply button and complete our online form. All you need to have ready is your driver’s licence number and your business ABN.

We know growing your business is important, so we will work hard to get money to you as soon as possible. If you apply before 4pm on a business day and you application is approved, we can usually have money in your account the same or next business day.

We can often provide a response in one hour – if you apply during standard business hours

The total amount of your loan will depend on the specific circumstances of your business. We look at a variety of factors to determine the health of your business and based on this information, we may be able to provide you a loan amount up to $250,000 for unsecured loans, and depending on the equity in real estate, up to $2,000,000 for Secured Short Term Business (caveat) Loans.

We don’t charge interest because terms are usually less than 24 months. Instead we offer a factor rate. A factor rate is expressed as a decimal figure not a percent. It varies based on your industry, how long you have been in business, the health of your cash flow and other factors. When a factor rate is used, interest is charged to the principal when the loan is originated, it doesn’t compound.

These loans are a charged in monthly blocks, as they are only for a short term. The rate varies depending on the loan amount, security location, loan term , etc. However you can be assured that with Quik Loans, there are NO hidden costs. We are fully transparent with our costings, once we have seen the loan application. Within 2 business hours of receiving your application, we will come back to you with the exact costs for the amount and loan term that you have asked for.

We know fees can be confusing so we made it simple and transparent – there are no hidden fees and the amount due from day one includes the establishment fee. There are no additional fees (excluding any late payment or default fees) and no penalties for early repayment.

There are no fees for early repayment and no balloon payment at the end of your loan. We are totally transparent with our customers about the total amount due and the date of the final payment. Once you make the final payment your balance will be $0.