Max Funding Review
This review of Max Funding will help to outline what makes their business model unique, how their business is structured, and what you’ll need as a lender to qualify for a loan.
Max Funding Review in Numbers
|Australian Business Number (ABN):||39 616 549 725|
|Australian Credit License:||616 549 725|
|Loan amount:||from $1,000 to $500,000|
|Loan term:||maximum 3 years|
|Unsecured Loans Offered?||Yes|
|Easy Online Application:||Yes|
|Response Normally Within:||24 Hours or less|
|Documents Required to Apply:||Online bank login information to obtain bank statements, proof of assets (like a motor vehicle), proof of reasonable credit history|
|Requirements to Apply:||Reasonable credit history|
|Minimal Interest Rates:||1.8%/month|
|General Feedback from Clients Online:||Although there are many positive reviews listed on Max Funding’s own website, it’s difficult to find any positive reviews anywhere else online for this lender.|
|Awards and Recognition:||None found.|
Max Funding is an Australian Lender that focuses on speedy response time to your loan application. They claim to offer a pre-approval decision within 5 minutes or less – and you complete your application from there. Max Funding has some positive reviews online, and their flexibility with “reasonable” credit scores is significantly more forgiving than a traditional bank or lender. To apply, all that Max Funding asks is that you have a reasonable credit score – they don’t have any minimum business requirements.
Founded in 2011, Max Funding has consistently worked to create a better business loan process for Australian small business owners. Australian Fintech touts them as one of the fastest, most reliable business lenders for new business owners. Additionally, Max Funding has been mentioned as a possible method for small business owners to get cash to fund their new business in The Sydney Morning Herald.
In addition to their lending business, Max Funding openly supports Kiva – a non-profit organization that works to build opportunities for individuals in poverty on a global scale. They are an official Kiva sponsor as part of their ongoing effort to support people around the world financially.
Max Funding Reviews by Clients
-TrustPilot Australia MaxFunding Reviews: 3 Reviews, 33% Positive, 67% Negative.
Analysis of Client Reviews:
It was incredibly difficult to find any reviews about either Max Funding or Max Finance. They had been mentioned in news articles listing lenders for small businesses, but otherwise appeared to have no internet presence. The 3 reviews we did find are generally negative.
Max Funding Loan Compatibility
- Startup: Yes, Max Funding accepts clients who are new to business.
- Bad credit: Yes, Max Funding works with clients who have bad credit.
- Sole trader: Yes, Max Funding accepts sole traders.
- Established business: Yes, Max Funding will accept any established business.
Max Funding Alternatives in Australia: