Saasu streamlines small business loans

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Saasu streamlines small business loans

The cloud accounting provider now offers an integrated small business lending service.

One of the trends in small business lending is to use live access to the borrower's accounts to help determine its creditworthiness. We've already seen tie-ups between Xero and Moula, and MYOB and OnDeck.

Now Saasu – the 'other' Australian cloud accounting system – has joined forces with Germany-based small business lender Spotcap.

The integration between Spotcap and the potential borrower's Saasu and bank accounts means the lender can quickly and accurately determine how much it is prepared to offer and on what terms.

Spotcap provides unsecured loans between $5,000 and $250,000 over one to 12 months.

As an introductory offer, Saasu customers will be given "a discount of 1.5% on the origination fee for their first Spotcap loan" until 31 July 2016.

Borrowing is not for every business, but where it is appropriate to take out a loan it makes sense to compare the options.

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