Business Fuel Review
This Business Fuel review is intended to guide borrowers as they select their preferred small business loan lender. We will go over Business Fuel’s background, their lending practices, and their application qualifications. As always we delve into the existing Business Fuel reviews so we can see exactly what customers think of them too. Read on to learn more about Business Fuel.
Business Fuel Review in Numbers: 2020 Updated
|Loan Amount||$10,000 – $200,000|
|Loan Term||3 months – 12 months|
|Min. Requirements||Trading for at least 6 months|
|Turnover greater than $10,000 per month|
|Client Reviews||100% Positive|
|ABN||90 135 483 626|
|Credit License:||135 483 626|
|Easy to Apply?||Yes|
|Response Time:||24 hours.|
|Documents:||Six months of bank statements|
|Photo ID of directors/borrowers|
|If security required may ask for documents related to this|
|Minimal Interest Rates:||Generally 20-30%. Establishment and draw-down fee applicable but can be included as part of the weekly repayments|
|General Feedback from Clients Online:||Unanimously positive from over 200 reviews, praising the professionalism and efficiency of the team at Business fuel.|
|Awards and Recognition:||2019 Finalist – Excellence in Business Lending – Australian FinTech Awards “Finnies”|
Editorial Business Fuel Australia Review Summary:
Small business owners often need funds quickly to grow their business to its real potential and manage any cash flow differences along the way., Many believe that there’s been something inherently wrong with the Australian bank lending process that puts business owners through a lengthy application and even longer wait. Business Fuel offers a solution. Their applications are generally approved in 24 hours or less – giving you access to your funds faster. They provide both secured and unsecured loans, and they offer a wide range in loan amounts for businesses with varying needs.
Submit an Expedited Application to Business Fuel through Become using the link below.
Business Fuel Client Reviews
-TrustPilot Australia – 204 Reviews – 94% Excellent, 6% Great – 4.9 / 5 TrustScore
Currently, at the time of writing (November 2019) every single Business Fuel review on TrustPilot rates Business Fuel as either ‘Excellent’ or ‘Great’. Not only is there no negative feedback to be found, there isn’t even a customer who has reviewed the service from Business Fuel as ‘Average’. Some of the positive reviews state:
Analysis of Client Reviews:
Business Fuel has a very solid number of reviews for an online lending company in Australia. In fact, with over 200, they have one of the highest amounts in the industry. .
Customers regularly praise the friendly and professional team at Business Fuel, as well as the speedy turnaround for customers to receive their loan. Many customers are also keen to point out through their Business Fuel reviews how refreshing it is to work with a small business lender who actually understands how small businesses operate.
There are no negative reviews for Business Fuel on TrustPilot and when we consider there are over 200 reviews, this is no mean feat. For every 100 reviews you would usually expect at least a handful of unhappy clients so in this regard Business Fuel have been providing an excellent service. Their 4.9 / 5 Trustscore even matches the industry leader, Prospa.
Business Fuel Loan Compatibility
- Startup: No, but Business Fuel only requires that you are a business with 6 months experience.
- Bad credit: 80% of Business Fuel loans are unsecured but in some cases they may ask for security to increase approval rate.
- Sole trader: Yes, Business Fuel accepts sole traders.
Established business: Yes, Business Fuel works with established businesses.
Business Fuel Review Summary
Credibility - 90%
Ease of Registration - 91%
Website - 85%
Compatibility - 85%
Business Fuel is a veteran in the small business lending space in Australia, and any business standing on its two feet for so long deserves our utmost recognition. Whilst Prospa has been grabbing the headlines, Business Fuel has quietly gone about its business and boasts an incredible 50% return customers, with excellent online reviews describing the company as flexible and trustworthy.
The solution is focused on providing a straightforward cash advance that businesses can use for a whole host of different purposes. This simple approach, combined with its professional and slick service, is what we believe gives Business Fuel such a good book of repeat business. With such a strong vote of confidence from its customer base we absolutely believe Business Fuel are worth applying to – it’s quick and won’t impact your credit score.