Velociti Capital vs Traditional Banks
See why over 500 Australian businesses choose Velociti over traditional bank loans
Why Businesses Choose Velociti
Lightning Fast
Get approved in 2 hours instead of waiting 2-8 weeks with banks
Minimal Paperwork
Just 6 months bank statements vs extensive documentation banks require
No Security Required
No property security needed for loans up to $150,000
100% Online
Apply from anywhere, no branch visits required
Performance Focus
We assess your business performance, not just credit scores
Flexible Terms
No early repayment penalties, pay off anytime
Detailed Comparison
| Feature | Velociti Capital | Traditional Banks |
|---|---|---|
| Approval Time | 2-24 hours | 2-8 weeks |
| Documentation Required | 6 months bank statements | 2+ years financials, tax returns, business plans |
| Minimum Trading History | 6 months | 2+ years typically |
| Credit Score Focus | Holistic assessment | Primary deciding factor |
| Property Security | Not required up to $150K | Often required |
| Application Process | 100% online, 2 minutes | Branch visits, lengthy forms |
| Funding Speed | Within 24 hours | 1-4 weeks after approval |
| Early Repayment | No penalties | Often have penalties |
| Interest Rates | Competitive for speed | Lower rates |
| Loan Terms | 3-12 months | 1-5+ years |
When to Choose Velociti
- You need funding within days, not weeks
- Your business is less than 2 years old
- You don't have property to use as security
- You need short-term working capital
- You want a simple, fast application process
When Banks May Be Better
- You need very large amounts (>$250K)
- You want long-term loans (>12 months)
- Interest rate is your only concern
- You have months to wait for approval
- You have extensive financial documentation ready