Beyond Merchant Capital Review

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Our review of Beyond Merchant Capital

Beyond Merchant Capital is a lender in Australia offering unsecured business loans from $10,000 to $300,000 and merchant cash advance facilities. Applications can often be approved within 24 hours, and funds released within 48 hours

Beyond Merchant Capital was established in Australia in 2016 as a specialist lender for small and medium-sized enterprises. The lender is backed by Merchant Capital, Capricorn Capital Group and RMI Holdings Ltd, and aims to offer fast approval and simple financial services to Australian small businesses. 

Suitable if your business: Suitable for businesses considering:
  • Has a monthly turnover greater than $10,000
  • Has been trading for at least six months
  • Unsecured business loans
  • Cash Advances
  • Low-Doc Business Loans

Beyond Merchant Capital Loan Information

Loan TypeUnsecured Business Loan
Loan Amount$10,000 - $300,000
Loan Term9 - 12 months
Approval Time24 hours

Beyond Merchant Capital Overview

Beyond Merchant Capital offers unsecured business loans between $10,000 and $300,000. The funds can be used for business purposes such as:

  • Buying stock 
  • Paying employee wages 
  • Buying equipment 
  • Managing cash flow 
  • Paying invoices 
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Unsecured business loans cannot be used for personal purposes.

You can apply for an unsecured business loan with Beyond Merchant Capital online:

  • Applications take 10 minutes to complete 
  • Approvals are given within 24 hours 
  • No security required 
  • Uses your bank statements to provide fast assessment and approval 

Beyond Merchant Capital uses a factor fee in place of a standard interest rate on their unsecured business loans, to give borrowers a clear understanding of their total repayments. This business loan structure includes:

  • Origination fee 
  • Upfront factor fee in place of an interest rate 
  • No penalties for early repayments 
  • No ongoing fees 
  • Fixed or variable payment structure 

Beyond Merchant Capital Unsecured Business Loan Review

Loan FeatureLoan Details
Approval Time24 hours
Minimum Loan Amount$10,000
Maximum Loan Amount$300,000
Minimum Loan Term9 months
Maximum Loan Term12 months
Collateral RequirementsNone required
RepaymentsFixed or Variable payment structure
Interest RateFactor Rate
FeesOrigination Fee

Learn more about Unsecured Business Loans.

How to apply for a Beyond Merchant Capital Business Loan

You can apply for a Beyond Merchant Capital unsecured business loan online. Applications take 10 minutes to complete and approvals can be made in under 24 hours. When applying for an unsecured business loan with Beyond Merchant Capital you will need to supply the company with the following information:

  • Proof of identification (Driver Licence or Passport) 
  • Proof that the business has operated for more than six months 
  • Bank statements showing a minimum turnover of at least $10,000 per month 

Beyond Merchant Capital Approval Criteria

Minimum Monthly Gross Turnover$10,000
Minimum Trading History6 months

How much does a Beyond Merchant Capital loan cost?

The cost of a Beyond Merchant Capital Business Loan will include:

  • The principal amount - between $10,000 and $300,000 
  • Origination Fee
  • Factor Fee in place of an interest rate

Beyond Merchant Capital Business Loan Cost Example:

  • A business applies for an unsecured business loan on a 12-month term 
  • Beyond Merchant Capital approves a small business loan amount of $100,000 
  • An origination fee of 3% ($3,000) is added to the total loan amount 
  • A factor rate of 1.1 is applied to the loan principal 
  • The total amount to repay is $103,000 plus the factor rate over 12 months 
  • The total amount paid over the term is $113,300 
  • Interest paid over the term equates to $10,300 
  • The converted annual percentage rate is 19.03%

Want to compare business loan repayments? You can use our business loan calculator.

Beyond Merchant Capital Merchant Finance Review

Loan FeatureLoan Details
Approval Time24 hours
Minimum Loan Amount$10,000
Maximum Loan Amount$300,000
Collateral RequirementsNone required
RepaymentsVariable payments
Interest RateCalculated daily based on drawn balance
FeesOrigination Fee

How much does it cost?

Merchant finance is repaid automatically as a percentage of the business's daily EFTPOS sales. This allows businesses to repay more when business is booming and less when business is slow. 

For merchant financing, there is a single fee with no ongoing monthly charges. There are no hidden costs or need to offer collateral.

How to apply for Beyond Merchant Capital Merchant Finance

Applying for merchant finance is quick and can be done online. Approvals can take just 24 hours and companies can receive funds within 48 hours. Businesses can borrow up to 100 per cent of their average monthly EFTPOS transactions as a cash advance.

When applying for Merchant Finance between $10,000 and $300,000 with Beyond Merchant Capital, you will need:

  • Photo identification 
  • Proof that the business has operated for more than six months 
  • Proof that the business has turned over at least $10,000 each month Beyond Merchant Capital Summary

Beyond Merchant Capital offers merchant finance and unsecured business loans to small to medium-sized businesses. Lending amounts range between $10,000 and $300,000, which makes the lender suitable for small businesses looking to cover costs, along with those wanting to finance expansion and growth. 

To complement the company’s core lending business lines, Beyond Merchant Capital also operates a partner program that encompasses several commercial objectives. Prospective partners can join as a company affiliate, broker, or strategic partner to promote Beyond Merchant Capital’s services to their business networks. 

Beyond Merchant Capital is also part of numerous industry groups, such as Australian Fintech, First Data, and AFIA, and has been featured extensively in media publications such as the Sydney Morning Herald, Financial Review, Australian Broker, and The Courier Mail.