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Could a NAB QuickBiz loan help your business?No security neededApply online with MYOB or XERO: decision <60s>Fast business finance <1 business day>NAB QuickBiz at a glance A NAB QuickBiz loan () simplified loan conditions that make it easier for small businesses to access the finance they need quickly. Here is an outline of what you need to know.No security needed12 or 24-month termYou need to use MYOB or Xero accounting packagesBorrow $5-$50KPay a fixed and competitive interest rate of 13.85% p.aNo upfront or ongoing fees Is a NAB QuickBiz loan right for my business?NAB QuickBiz’s short payback time frame can make it a good option for building your business or for covering cash flow hiccups that can arise when you need to: Hire more people to meet rapid business growthSmooth over short-term or one-off cash flow problemsFund marketing and promotion drivesBuy equipment Other business need.Simplifying your business banking.Business vs personalIt might appear simple to combine your personal and business expenses, but it makes keeping track of incomings and outgoings for budgeting and tax purposes more complex than they need to be. Separating your personal and business expenses by establishing a separate business transaction account and business loan makes managing your business finances easier and will help set you up for success. Fast accessA NAB QuickBiz loan gives your business fast access to money. The loan doesn't use bricks and mortar security and instead looks at the value in your business. Unsecured or secured business loan?An unsecured loanYour home and business possessions don’t need to be provided as security.No asset evaluation to slow down the application process. Easier for businesses operating for over a year to access the finance.A secured loanSuitable if you need more than $50K.Useful if you need more than 24 months to pay back the loan.Business and property assets to act as security.How do I apply for a QuickBiz loan?Step 1: You need to have been in business for over twelve months.Step 2: The business needs to turnover more than $100,000 p.a.Step 3: Apply online using the last 12 months of your financial data from Xero or MYOB.Step 4: Share your ABN or ACN (+ ID if you’re new to NAB).Step 5: Get an answer in 60 seconds.Step 6: Have the money in your account one business day after NAB receives all your signed paperwork.To find out more and to apply for a NAB QuickBiz loan online, visit .au/quickbizOr if you’d like to learn more about the other ways NAB could support your business, visit .au/business Please consider if the products mentioned are right for you by reading the product terms and conditions, available from NAB, before making any decisions regarding the products. ? 2017 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 ................
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