"What's the process," "Who can apply for a Bigstone loan," and "What are the fees," are questions our current partners have asked so we've pulled them all together. You can find the answers to these questions, and others, here.
Bigstone lends to Australian businesses, that have been trading for at least two years, to buy new assets. Bigstone does not lend to individuals, or for consumer purposes.
Because the advertising of interest rates in the business lending space is unregulated, telling you an interest rate won’t make it any easier for you to compare your options. Instead, we’ll tell you the total cost of the loan.
The cost is based on the product selected, the asset, term and loan size. The first step in the application process is an estimator tool that will give you a good indication of your final pricing.
We charge a one-off upfront $250 fee and no ongoing fees. There are additional fees in the event of a default.
Repayments are made monthly via direct debit.
We will take security over the asset(s) of the borrower and for bigger loan amounts, a General Security Agreement over the company. Director(s) Guarantees are taken for all loans.
We assess each loan application using a rigorous proprietary risk assessment approach. Depending on the size of the loan, this may include:
• current debt capacity
• historical financial performance
• the likelihood of default of similar businesses
• directors’ creditworthiness
• the business’ past behaviour towards financial obligations
• the potential for us to collect on the debt in the event of default.
Asset finance. We help businesses get accessible, fast finance for new assets and equipment to help fuel growth.
We offer equipment loans, equipment rentals and finance leases (hire purchase).
Purchase the equipment and use its value as collateral. You can adjust your repayment amount by choosing how much residual (leftover amount) you pay or refinance at the end of the term. You own the equipment throughout its useful life.
Keep up with the latest tech changes and industry developments without shelling out a large lump sum every few years. At the end of the rental term, give the asset back and you can upgrade to the latest version. We own the equipment and you rent it from us during the rental agreement.
We own the equipment during the finance term, and at the end of the term, ownership transfers to you.
If you're unsure about what loan type you need, give us a call on 1800 244 786 and we'll be happy to help.
Also known as peer-to-peer lending, marketplace lending brings together investors who have money to lend, with borrowers who are looking for a loan. Our online platform matches borrowers to investors providing better outcomes for both parties. Borrowers get more accessible financing and investors are able to diversify their portfolios.
We have invested heavily in capabilities that allow us to predict the creditworthiness of small business borrowers.
And, because Bigstone loans are funded directly from investors, and we make our loans over the internet, we cut out the middlemen that make getting a loan difficult for businesses.
The Bigstone marketplace is owned and operated by Bigstone Capital Pty Ltd ACN 603 289 658.
Bigstone Capital Pty Ltd is an authorised representative (number 001240521) of Primary Securities Ltd ACN 089 812 635, which holds Australian Financial Services Licence number 224107.
Bigstone provides access to the loan marketplace to investors in the Bigstone Loan Fund.
The Bigstone Loan Fund is an unregistered managed investment scheme and is compliant with the obligations on those schemes in the Corporations Act 2001.
Primary Securities Ltd is the trustee of the Bigstone Loan Fund.
Of course! Simply call us on 1800 244 786 between 9am and 5pm (AEST).
Please contact us on 1800 244 786 and our friendly, Australian based customer service staff will assist you.
We use commercial grade information systems, similar to many banks and traditional financial institutions, to make sure that our systems are secure and in keeping with accepted business practice.
Whether you are a business in need of funds to grow, or an investor looking for better returns on your money, we can help.