Frequently Asked Questions

These are the questions we often get asked. If you have any more then contact us 24/7

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What is Loanblaster?

In 2016, Loanblaster was founded to help Aussie businesses get access to capital while they were being ignored by the banks. Loanblaster is changing how your business experiences financial services, continuously developing new solutions across lending and payments. With Loanblaster, you can apply online in 7 minutes, and get a decision within 24 hours.

We’ve accelerated access to capital by turning business data into an asset. This involves a light touch application and linking to banking or accounting data. But it’s more personal than that. We take a ‘heads and hearts’ approach, where we balance the data, automation and tech, with the human touch. We have a team of real people who will get to know you and your business, and will be there for you whenever you need us.

What information do you need from me to apply?

Not much. Once you’ve permissioned us into your banking or accounting data, we can make our decision fast. As in, 24 hours fast.
To comply with relevant law, we’ll also need your ABN or ACN, and we’ll also collect some personal, business and credit information along the way.

Do I need an ABN or ACN to use Loanblaster?

Yes, we’re all business. It’s nothing personal! This means you’ll need to have an ABN or ACN in order to apply for funding with Loanblaster.

If I'm not eligible, can I re-apply in the future?

Yep, don’t hesitate to re-apply when the time is right. You may have fallen short on time in business or transaction volume, so feel free to re-apply when circumstances have changed.

Do I need to put up my house or other assets to access funding?

Nope, you don’t. We don’t ask for asset security. For most of lenders no property security is needed. Sometimes to secure a larger amount or a cheaper rate you may chose to use a property as security.

Will you run a credit or identity check?

Yes, our lenders will. But only after you give us permission, and only when we are prepared to lend and subject to an acceptable credit check.

Am I eligible for a loan?

To be eligible for a Loanblaster loan, you will need to have:

  • An ABN or ACN
  • Been in business for at least 6 months
  • At least $5,000 in monthly sales

How much can I borrow?

You can borrow between $5,000 and $1000,000. When you apply, we’ll let you know how much we’re able to lend based on your business’ data.

What are the loan terms?

Our terms can be up to 35 months, and you can select your preferred loan term when you apply.

How long does the whole process take?

You can apply online in less than 7 minutes, and we’ll give you a decision within 24 hours. If your application is approved, the funds will land in your account within 24 hours.

How is a Non Bank Lender different from a traditional bank?

By linking your business’ data to Loanblaster, we can make a decision on your application within minutes. Banks can take up to 6-8 weeks to even get around to processing an application.

Our platform is also built for small and medium businesses, which means we’re able to approve thousands of businesses which banks often otherwise overlook. We make timely credit decisions based on financial merit, and serviceability, rather than relying on assets to determine your suitability.

Unlike a traditional loan, we’ve also eliminated the fine print, hidden fees and paperwork. This means you understand what’s going on at every stage, and know exactly what your loan agreement means. We’re here to help grow your business, not hold it back.

Why do I need to disclose the purpose of my loan?

Loanblaster’s here for the business community, not for the consumer. As such, we’re not licensed to provide consumer credit and need to be certain that any funds provided are for business purposes.

What’s a personal guarantee?

If you are applying on behalf of a company, we require you to provide a personal guarantee that the company will make its loan repayments. If you are a sole trader, there is no personal guarantee required.

At what point in the application process do I enter a legally binding loan agreement?

Once we’ve received all the application details, we’ll confirm how much we can lend your business and the interest rate. You’ll then select the amount you wish to borrow, enabling us to confirm a repayment schedule for that loan amount.

The final step is the loan agreement, which you’ll need to sign electronically, making it a legally binding document. We’ll then transfer the money to your designated bank account.

Why do I need to share my accounting or banking data?

Aside from saving you hours in your application, it allows us to make a fast, informed decision without the hassle of physical documents and statements.

With view-only access, we review your online accounting information, or banking history, to give you a decision on your application within 24 hours.

We only access data that helps us make a decision regarding your application, which includes balance sheet performance, profit and loss statements, invoices and payments

What data do you view?

Once you link your online accounting or banking information, we only view your primary and linked accounts.

We have view-only access and take a few minutes to securely review your business transaction information. While we may review all linked accounts, your primary business trading account is used to determine how much we can lend. If you don’t have online accounting, we can review your business banking information too.

Can you see my account login details?

No. Never.

We never view, access or store your login details or information.

What kind of access do you have to my accounts?


We only need access for a few minutes. We never view any passwords, account login details or any personal information. We simply review your trading history and cash flow to determine how much we can lend.

Can you transact on my account?

No. Never. We only have view-only access.

We only view your accounting or banking history for a few minutes. We never have permission or the capacity to touch your funds, make transactions, or access any login information.

Do you get a live feed of my data?

No. We only access your data for about five minutes.

Our unique underwriting technology takes a few minutes to review your financial history – it’s not a live feed.

We needed finance to renovate our cafe. We couldn’t get a loan from the banks in time to pay for our reno. We found Loanblaster on Google and filled int the form. Within 1 hour We had 3 written quotes from 3 top Unsecured Loan providers. We selected our lender and we had the funds in our bank the next day.


Cafe Owner, Perth

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Business owners trust us to look after the needs of their business. We are specialists committed to delivering the very highest service in Business Finance and Insurance.