Suitable for cashflow
Live capital Review for Potential Borrowers
Live capital Review for Potential Borrowers
This review of Live capital will help you to better understand the Australian SME lender, Funda business loans. We look into the history of Funda, including when Funda launched and the growth it has enjoyed. We delve into the different lending solutions offered by Funda and we understand what’s required for businesses to be eligible for a Funda business loan. Read on for the full Funda review and learn if they’re a good fit for your financing requirements.
Live capital Review – Basic Figures for 2022
Website
Logo
ABN
11 150 373 069
Loan Amount
$5,000 to $600,000
Loan Term
3 months to 3 years
Unsecured Loans?
Unsecured Loans are Available
Lender Requirements
Enter the age of your business
Add some personal details, such as a phone number you can be contacted on and a working email address.
- Enter in your monthly business revenue
Required
You do not need to provide any documents with this loan application.
Response Time
within 1-2 business days.
Easy to Apply
Yes, fully online (expedited application here)
The Nitty-gritty
Online Reviews
None
Awards and Recognition
None
Minimal Interest Rates
Interest on owed amount only
Credibility & Company Story
Live capital is a member of Live group, one of Australia’s leading payment solutions providers, servicing the taxi and SME markets. Established by Macquarie Bank in 2006 and privatised in 2008, Live Payments restructured as Live group in 2010.
Live group now services over 9,000 customers across the country, providing payment solutions, a corporate taxi booking platform as well as brokering business lending and insurance.
Live capital was established in 2015 with the goal of further helping small and medium businesses grow their revenue with Live group’s suite of easy-to-use products.
Credibility Score:
5/5
Live capital Loan Compatibility
- Fixed Term Business Loans – Repay your loan over a set period of time with regularly timed repayments
- Merchant Cash Advance – Utilise your credit card and EFTPOS sales to pay back your business loan
- Business Line of Credit – Manage your loan repayments with flexibility and convenience
- Vehicle and Equipment Finance – Take ownership of your new asset from day one and repay over an agreed loan term
Compatibility Score:
5/5
Live capital Rates & Pricing
The loan amount and rates are dependant on your industry, credit history, and term of the loan. While a poor credit score will make it difficult to secure funding from a bank, our lenders look at additional data to access the health of your business and creditworthiness. The data assessed will vary for each lender, so it is best to check with our lending partners directly.
Interest Rate Score:
5/5
Live capital Review Summary
Name: Live capital
Summary
Live capital matches applications for business loans with 7 lenders on their panel, including Prospa, Capify, OnDeck, GetCapital, Lumi, Sail and Bizcap. You can borrow from $5,000 up to $600,000, with terms from 3 months to 3 years . This loan is unsecured and does not require an asset as collateral. The loan amount you’ll be approved for and interest rates depend on your industry, credit history and loan term. This means that if you have a poor credit score, you can still apply, but you’ll likely get higher rates and lower borrowing amounts than if you had good credit. There will also be an establishment fee. Fees and charges will depend on the lender, and will be disclosed by the lender you’re matched with.
Overall
77%
77%
-
Credibility - 78%
78%
-
Client Reviews - 73%
73%
-
Website - 75%
75%
-
Compatibility - 83%
83%
Pros
- Straightforward application process
- Unsecured loan
- Flexible repayments
- Quick approval process
- Interest on owed amount only
- Pay back at your own pace
-
Cons