Frequently Asked Questions
Answers to Your Top Queries
Clear, concise responses to help you navigate our range of business financing solutions.
What types of financing does Capitron offer?
We offer a comprehensive range of business financing options including unsecured business loans, secured business loans, equipment loans, invoice finance factoring, business lines of credit, and merchant cash advances. Each solution is tailored to meet different business needs—whether you’re looking to boost cash flow, invest in equipment, or leverage assets for larger funding.
How quickly can I get approved for a loan?
Our streamlined application process is designed for rapid approval. In many cases, you can receive a decision within 24 to 48 hours, with most approvals completed within a few days. The speed of approval depends on your application completeness and the documentation provided.
What are the eligibility requirements for applying?
To qualify for our financing solutions, you generally need to have an active ABN with valid ID, a minimum trading history of 6 months, at least $5,000 in monthly turnover, and 6 months of bank statements to verify your cash flow. These criteria help us assess your business’s financial health and tailor the best funding options for you.
What documents are required during the application process?
Typically, you’ll need to submit your business registration details (e.g., ABN), a valid government-issued ID, recent bank statements covering at least 6 months, proof of your trading history, and documentation showing your monthly turnover meets our criteria. Additional documents may be requested based on your chosen financing option.
Are there any hidden fees or charges?
Transparency is a cornerstone of our services. All fees and charges are clearly disclosed during the application process. We ensure you understand the cost structure upfront, so you can make an informed decision without any surprises later on.
How does the repayment process work?
Repayment terms vary with each financing option. For secured and unsecured loans, you typically repay through fixed monthly installments. For a business line of credit, interest is only charged on the funds you draw, and the available credit replenishes as you repay. In the case of a merchant cash advance, repayments are automatically deducted as a percentage of your daily or weekly sales. We work closely with you to structure repayment plans that fit your business’s cash flow.
Is my personal and business information safe with Capitron?
Absolutely. Protecting your data is our top priority. We adhere to strict privacy and data security standards, ensuring all information is securely stored and processed in compliance with relevant laws and regulations. Our Privacy Policy provides detailed information on how we safeguard your data.
What should I do if I encounter difficulties with repayments?
We understand that business conditions can change. If you foresee any challenges with your repayments, contact our team immediately. We’re committed to working with you to explore flexible repayment options or restructure your payment schedule to help ease the financial burden.
Get In Touch
If you have more questions or need personalized advice, please don’t hesitate to reach out.