Why speed matters here
Every hire has a ramp-up period when you're paying before you're earning. Businesses that wait until cash has built up often lose the contract or the candidate. A short-term loan smooths that ramp.
How we can fund it
Property-secured
Bigger expansions, such as a new crew, a new site or a new division, can be funded against property with flexible repayments.
Up to $5M · as little as 24 hrs · no financials
Cash-flow loan
A cash-flow loan sized to your turnover covers the first few months of a new hire's wages, tools and onboarding.
From bank statements · as little as 2 hrs
What helps us move fastest
- Number of hires and start dates
- Expected revenue from the new work
- Recent bank statements
- Property details (larger expansions)
A cleaning company taking on a hospital contract
A Newcastle commercial cleaning business won a hospital contract that needed eight extra staff from day one. A $95,000 cash-flow loan covered the first six weeks of wages and equipment until the monthly contract payments began.
Frequently asked questions
Can I get a loan to hire employees?
Yes. Hiring is a common and sensible use of short-term business finance.
Can I fund an apprentice?
Yes, including tools, a vehicle and wages during the early training period.
How much should I borrow?
Typically the wages and on-costs until the new hire pays their way, usually two to six months. We'll help you size it.
Does it cost anything to apply?
No. There's no cost to apply or check your eligibility. All costs are set out in writing in your loan offer before you sign anything.
