Frequently Asked Questions
Everything you need to know about Velociti Capital business loans.
FAQs
Find answers to common questions about business financing and loans.
About Velociti Capital
What is Velociti Capital?
Velociti Capital is an Australian fintech lender specializing in fast, not asset backed business loans from $10,000 to $350,000 for small and medium businesses.
Where is Velociti Capital located?
Velociti Capital is based in Melbourne and serves businesses across all Australian states and territories through our online platform. No branch visits are required.
Is Velociti Capital a legitimate business lender?
Yes, Velociti Capital Pty Ltd (ABN 31 672 096 928) is an Australian business lender. All interest rates and fees are disclosed upfront before you sign any agreement.
About the Application Process
How long does the entire process take?
The application takes about 2 minutes to complete. Approval decisions are made within 2-4 hours during business hours, and funds are transferred within 24 hours of acceptance.
What happens after I submit my application?
You'll receive an immediate confirmation email. Our team reviews your application and bank statements, contacts you if needed, then provides a decision with loan terms. Upon acceptance, funds are transferred within 24 hours.
Will applying affect my credit score?
We perform a soft credit check during initial assessment which doesn't impact your credit score. A full credit check is only conducted after you've reviewed and accepted our loan offer.
General Questions
What documents do I need to apply for a business loan?
For loans up to $150,000, you only need 6 months of business bank statements. For larger amounts, we may request additional documents like tax returns or financial statements. The application process is designed to be simple with minimal paperwork.
Do I need to provide security for a Velociti Capital business loan?
No property security is required for business loans up to $350,000. We offer not asset backed business loans based on your business performance and cash flow. Directors may need to provide personal guarantees as standard practice.
What industries does Velociti Capital serve?
We serve all major Australian industries including construction, retail, hospitality, healthcare, professional services, transport, manufacturing, and more. As long as you have a registered Australian business with consistent revenue, we can help.
How do repayments work?
We offer flexible repayment options - weekly, fortnightly, or monthly - tailored to match your cash flow. Repayments are automatically deducted from your nominated business bank account. You can choose the frequency that works best for your business.
What's the difference between Velociti Capital and traditional bank loans?
Unlike banks that can take weeks or months, we approve loans in hours and fund within 24 hours. We have more flexible eligibility criteria, require less documentation, and focus on your recent business performance rather than just credit history. Our process is 100% online with no branch visits required.
What's the difference between a business loan and a line of credit?
A business loan provides a lump sum upfront with fixed repayments over a set term (e.g., 3-24 months). A line of credit gives you access to a revolving limit you can draw from as needed, paying interest only on what you use. Business loans are better for one-off purchases or projects with known costs. Lines of credit suit businesses with ongoing, variable funding needs. Velociti Capital offers business loans with fixed terms and transparent repayment schedules.
What happens if I can't make a repayment?
If you're experiencing difficulty making a repayment, contact Velociti Capital as early as possible. We work with borrowers to find solutions, which may include restructuring repayment schedules or temporary arrangements. Communication is key — reaching out before a missed payment gives us the most options to help. Persistent non-payment may result in additional fees and could affect your credit rating.
Still Have Questions?
Our team is here to help. Get in touch for personalized advice about your business financing options.