As per our company policy and responsible lending standards we cannot give out a loan to a SME who has an active loan with an alternative online business lender such as prospa, ondeck, moula, get capital, business fuel, spot cap, and waddle loans. It would be irresponsible for us to provide you another loan co-existing with a competitor as the serviceability of the loan may not be supported by your daily cash flow or monthly turnover.
Please keep in mind if you have a loan from the big banks like ANZ, Westpac, Commonwealth or nab, we do not consider them direct competitors or part of the unsecured alternative online lending space. This means if you have a bank loan Capify can still help you access unsecured business funds.
If you would like more information about this topic call 1300439157 to speak to your account manager or email email@example.com