Helping small businesses grow. loans. Powered by

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1 Helping small businesses grow loans Powered by

2 Fast, flexible and personalised business loans With MYOB Loans, businesses could receive funding in as fast as one business day Did you know? % of small businesses can t get funding from a bank? That s 4 out 5 businesses Three simple steps to getting funded 1. Apply online A simple and quick 10 minute online application + + On average it takes a small business in Australia 20 hours to apply for a loan with a bank. That s 20 hours away from their core business operations % of small businesses say they missed an opportunity because of lack of funding. What are MYOB Loans? MYOB Loans are fast, flexible and personalised business loans that help small businesses get ahead. Loans from $10,000 to $150,000 are available, with repayments over 6-24 months. 2. A quick decision Funding based on the health of the business 3. Get funded Receive funding in as fast as one business day Funds can be used to: + + buy work vehicles or equipment + + hire new employees to keep up with growth + + advertise or develop a website + + expand, renovate or relocate a business; or + + handle a temporary cash flow situation. 2

3 96% of MYOB customers who used OnDeck recalled a positive experience Getting an MYOB Loan through OnDeck was a really easy process. I would recommend MYOB Loans to other businesses and we will continue to use MYOB Loans in the future. Siobhan Belmore Tree Access Owner, MYOB Customer We started Tree Access about 4 years ago. When we started, we didn t actually think that we would be where we are today. We re a small but rapidly growing company that focuses in tree removal and tree pruning. I run the business with my husband Dale Belmore. Dale is a qualified consulting and climbing arborist and looks after the operational side of the business. We ve got five employees, a large truck, an 18-inch chipper, and a smaller 4WD truck with a 12-inch chipper, so we can do small pruning works as well as large removals. There d been a large storm event in Melbourne and we were doing a lot of insurance clean up works. We probably had about six to eight weeks of just clean up works. Not only did we have to hire additional contractors during that time, but we had to hire in cranes, excavators and tipper trucks, and all sorts of plant machinery to get the work done quickly and efficiently. And we needed to keep our cash flow going to pay our employees and our contractors. Dealing with traditional banks can be a frustrating process. If you don t have all the information that they require at the time, you need to go and source that. You get put on hold a lot and you get put through to many different departments. The application process and approval process can take up to two to three weeks. Getting an MYOB loan through OnDeck was a really easy process. I was able to speak to one person at OnDeck and the process took only about two days before we had funds in our account. We felt comfortable going through that process, considering we already had an existing relationship with MYOB. I would recommend MYOB Loans to other businesses and we will continue to use MYOB Loans in the future. 3

4 Know your business credit score 90% of businesses didn t know their credit score. Credit scores are important for businesses as all lenders traditional and online - use this to assess the likelihood of you paying back a loan. A lender s risk appetite will drive credit related decisions, such as whether they will approve your loan. Typically, in Australia, each time a business checks their credit score through a lender or bank, their score is negatively affected by this inquiry. Apply today at myobloans.com. There s no application fee and no obligation. All you need is three months of bank statements. For more details, visit myobloans.com or call to speak to your Australia-based loan specialist. However, our partner OnDeck has a fast and free Know Your Score tool that allows SMEs to check their business credit score and establish the health of their business without the risk of lowering it. You can check your business score at myobloans.com/kys. 4

5 loans Powered by Loans are issued by OnDeck Capital Australia Pty Ltd ABN MYOB holds a 30% stake in OnDeck Australia and has a referral agreement under which it earns a commission on loans referred to OnDeck Australia. myob.com ASME