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What is an unsecured loan?

A loan without the need of security such as a property is considered unsecured. This means there
are no caveat, or a charge listed on the personal property register (PPSR) against your property for
the loan.

This is a great advantage as it would not hinder your opportunity to get a loan with major banks.

“Often we have clients referred to us by brokers who need unsecured funding quickly to seize an
opportunity without jeopardising their current loan application with their bank” – Yuan Chong, Sqale

There are multiple benefits to an unsecured loan.

  1. It gives the business owner the comfort of not placing the family home at the risk of the
  2. It does not affect your ability to obtain a loan with the major banks.
  3. It mitigates any internal issues between business partners, Directors and Shareholders based
    on security contribution.
  4. It gives you quick access to finance needed to cashflow an opportunity and/or growth.

“We delivered a loan for a celebrity restaurant in NSW where there were 3 directors. They opted for
unsecured finance so they can mitigate any future issues within them if they had taken a secured
bank loan. They believe issues could arise particularly when some directors had higher valued assets
at risk to be considered for a bank loan” – Yuan Chong, Sqale Finance

Ultimately, the usage of the term “unsecured loans” essentially means there has been no property
formally been taken as security and major lenders can still review your business for a secured loan.

  • "Dedicated"


    I was really impressed by Yuan's dedication and professionalism. One thing makes him standing out from others is he genuinely trying to help you, not only a one-way or once off sales push.

  • "Trustworthy"


    Yuan is a trustworthy professional who takes the time to nurture relationships and who takes his service seriously. He has strong expertise in his field and I look forward to doing more more business together.

  • "Pro-active"


    In my dealings with Yuan I always found him to be pro-active with his dealings for our clients and his ability to help find solutions was second to none.

  • "Reliable"


    Yuan has been a reliable source of information in the SME business lending space. He has always been very good at communicating, whether it’s discussing additional requirements, new product offerings or alternative solutions for a number of my clients. Highly recommended

  • "Memorable"


    Yuan is memorable and worthwhile. I love working with Yuan as I feel a genuine passion, energy and desire for connection. Looking forward to each and every interaction with Yuan for a long time ahead!

  • "Fantastic"


    Yuan is fantastic to deal with and always has time for his clients. Nothing is ever too much and he will always make you feel appreciated.

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*Our reviews are conducted internally without a credit check. This does not guarantee a full approval by a lender. All final approvals are subject to a formal application and assessment by our panel of lenders.

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