Your business is your pride and joy, we understand that. For some businesses, the process of getting a loan can be daunting. Finding the right type of loan for your company is like buying the right pair of shoes. You want something that makes you feel comfortable and confident, maybe some loafers?

The Lumi process has been refined to give both consumer and business the fastest, most seamless approach to SME lending possible. In order for you to comprehend our way of working, we’ve put together a step-by-step guide to the Lumi application process - a transparent perspective on how to receive a business loan through us:

1. Our website is the shining face of our company, here you’ll find lots of information ranging from who we are to what we do, and how we conduct ourselves. Once you’ve learnt a little more about Lumi and the different types of loans we offer, you’re then able to inquire.

2. Simply enter a few details about your business, how much you’re looking to borrow (we offer loans from $5,000 to $200,000), the period of time you wish to pay over (anywhere from 3 to 18 months) and you’re set.

3. We will then contact you in due course to let you know we’ve received your inquiry, and proceed to ask you a few more questions regarding your business. This is just to ensure you meet the criteria required, so we know we’re the right fit for you.

4. Once you’re happy with our terms, we will transfer your application through to one of our consultants. They will talk you through the rest of the process, answer any questions you might have relating to your application and begin the document capture.

5. You’ll then be asked to provide our credit team with certain documents to prove your eligibility. If you prefer, we can check your eligibility against our criteria without touching your credit file, just let us know that you’d prefer to wait.

6. Once approved, we will endeavor to get your contract sent out the same working day. This way, your funds can be in your account within 24 hours of submission.

7. When it comes to repayment, there’s no need to worry about early fees, we reward you for being prompt instead!

… And there you have it, a business loan without the guesswork.

If you’re wondering how much you might be able to receive through us, don’t hesitate to inquire here. We will be more than happy to help!