The unsecured business form is the commercial form without the asset section.
Start one
Go to the Applications tab.
Select New Application.
Choose Unsecured business loan as the Application Type.
The form opens with the lender panel on the right.
What the form asks for
Loan details - the amount and term, with brokerage and origination fee
Business - found by ABN search, plus the annual turnover - see Search ABN and ASIC details
Guarantors - the directors, brought in by the ASIC extract, and any beneficial owners the lender wants - see Add guarantors and beneficial owners
Other Documents - anything the lender asks for that Financeable doesn't pull in - see Upload supporting documents
Checks to run
Run the ASIC extract on the business first - with PPSR, if you want registrations against the business - see Search ABN and ASIC details.
Then get signed privacy consent from the business and each guarantor - see Send privacy consent - before you run:
A credit check on the business - see Run a company credit check
A credit check on each guarantor - see Run an individual credit check
Bank statements, where the lender asks for them - see Review bank statements
ID verification, where the lender asks for it - see Complete ID and privacy verification
Before you submit
Commercial deals don't use the Customer disclosure document. Check the lender's required fields, guarantor by guarantor - see Required fields in an application.
