Moula

Getting funding for businesses used to be a hard task. As much as they may have a bright idea that has been turned into a gold mine, it used to be a mission to get business finance for that great invention.

Moula has realised the problem that potential businesses face when they're looking for advances and they've seen to it that they come with a change. They've seen to it that they have an easier loan application that doesn’t involve endless paperwork and a hefty waiting period. The faster they answer your online loan applications, the quicker your business will start making money. This way, all parties win.

Moula’s partners in financial success

• Officeworks
• Liberty
• Xero

Transparency is the name of the game

They're as clear as they come. They'd never leave you in the dark or do procedures that aren’t according to the book. Everything they do is easy to understand for the client and they go out of their way to ensure that they explain everything in fine detail.

They take their business seriously

Every loan application that they approve is one way of changing the life of somebody’s business prospects. Knowing that they're accountable for the success of organisations gives them a lot of sweet dreams at night. Therefore, never doubt your presence when you're in their humble abode.

You're required to apply online for a long or short-term loan. The online application takes minutes to complete.

In this section, you'll be asked for personal information such as your credentials, financial information such as balance sheets and income statements of your company and proof of residence. They'll never use your private information for other matters other than the purpose of your loan application. You can rest assured that everything is safe and secured with them.

Business loan verification and assessment

After you've applied for the business loan, you'll need to submit the relevant documentation that they need to process your loan application. They can’t continue with the assessment until you submit your documents to them.

The money will be deposited in your account

Once they're happy with the application, they'll send the money to your nominated bank account. Depending on the time you applied for the loan, your money will be available on the same business day or the next.

Are you eligible for a business loan?

You need to meet the following requirements in order to be eligible for a business loan:

• You need to be an ABN or ACN
• You need to have an operation longer than a period of 6 months
• The business needs to at least make $5000 in profits on a monthly basis