TruCap

TruCap, unsecured business loans in Australia

TruCap is a lender specialising in unsecured business finance operating in Australia. The firm presents itself as an alternative to traditional bank loans and targets businesses across a wide range of industries. According to the company itself, its lending team has more than ten years of experience in business finance in the country.

Products and financing conditions

The main product is unsecured business loans, with amounts ranging from $5,000 to $1,000,000, depending on the strength of the applicant business. The company states that it does not require collateral and applies competitive rates. Repayment terms can range from 3 to 12 months, with instalments tailored to each client's cash flow model.

Funds can be used for a wide variety of business purposes, such as purchasing equipment, acquiring stock, expansion or covering working capital needs. The company states that approval can be granted on the same day and that the money can be available in the client's account within the following 24 hours.

Requirements and application process

To submit an application, TruCap requires a quick application, six months of bank statements and a copy of the ID document. The company notes that most businesses are eligible and that the process is based on credit history, with a reduced volume of paperwork.

The procedure is structured in three steps: submitting the application online or contacting the lending specialists, receiving approval after providing the required documentation and obtaining the funds, which can be deposited within 24 hours.

Differences compared with traditional bank loans

The company contrasts its model with that of conventional banking. Among the differences it highlights are the eligibility of most businesses, the online application, lower documentation requirements, the possibility of using the funds for almost any business purpose and the speed of access to capital, which can occur within one business day. By contrast, it points to the usual bank requirements: extensive business plans, restrictions on the use of funds, access times that can stretch to months, fixed repayments and the requirement of at least three years in business.

Client profile and team experience

TruCap serves a wide variety of industries in Australia. The company emphasises that its lending team has experience in business finance and supports the client throughout the entire process. Its website features the testimonial of a client who appreciates the attention received from a member of the team and their colleagues.

Contact and opening hours

The company is open Monday to Friday, from 9:00 to 17:30. Its office is located in Bella Vista, in the state of New South Wales.

318/5 CELEBRATION DRIVE, Bella Vista, NSW 2153 · Phone: 1300 261 154