Know your number before you decide. No broker calls — just your bank statements.
Eligibility in about a minute. No financials pack, no credit enquiry by us, no property security, no phone calls.
Amount, trading history, the basics. No financials pack, and no credit enquiry by us.
The secure, read-only link appears the moment you apply — 12 months of statements, two minutes, done. We email it to you as well.
Typically 24–48 hours after statements are linked.* Amount, term, total cost and your fixed weekly or fortnightly repayment — in plain English. Nobody rings you.
Your application is assessed by Wayflyer — a global business-finance provider that sizes facilities on revenue, backed by investors including J.P. Morgan, that has deployed more than $6 billion to over 6,000 businesses worldwide. Backed packages your application properly, submits it, and keeps everything moving by email.
You’re quoted a single total repayment amount before you commit. It doesn’t move with rates, there’s no compounding interest, and the repayment is the same every week or fortnight for the whole term.
One flat fee, full stop. No setup fee, no origination or drawdown fee, no early-repayment fee, and nothing payable to Backed — we’re paid by the lender only if your deal funds. You’ll know exactly what you owe and when, from day one.
Funds in days instead of months. No property security. No personal guarantees. No weeks of paperwork and nobody asking for your house. That’s what fast, no-guarantee finance costs — and you’ll have the exact number before you decide.
Planning a move — a vehicle, a hire, a fit-out? Check the cost before you decide. Wayflyer prices as one flat fee — a factor of roughly 1.15 to 1.30 per year of term. So $100,000 over 12 months repays about $115,000–$130,000 in total, in fixed weekly amounts. Move the slider for your indicative numbers; the real ones come with your offer.
Indicative only. Pricing is set by the lender and varies with the strength of your business, your bank data and the term you choose — stronger businesses price at the lower end. The fee is fixed on day one: paying early doesn’t reduce it, and there is no early-repayment fee. This is an estimate to help you decide whether to apply, not an offer or a quote. Your exact amount, term, fixed repayment and total cost are confirmed in writing in your offer, with no obligation to accept.
One flat fee, agreed upfront. Wayflyer prices with a factor rate — roughly 1.15 to 1.30 per year of term — so $100,000 over 12 months repays about $115,000–$130,000 in total, in fixed weekly or fortnightly amounts. It is not a moving interest rate, there is no compounding, and the fee doesn’t change if you pay early. There’s no setup, drawdown or early-repayment fee, and Backed charges you nothing — we’re paid a referral commission by the lender if your deal funds. Because it’s priced on 12 months of bank data with no property or personal guarantee on the line, it sits above a secured bank loan — what you get for that is speed and your house staying out of it. No obligation to accept. Applying through Backed puts no enquiry on your credit file; if you go ahead, the lender may run its own checks before it funds you.
The amount is set from your revenue rather than your assets. Wayflyer reads twelve months of bank statements, sees what comes in each month, and lends up to about 1.5 times your average monthly revenue, to $250,000. You repay one agreed total in fixed weekly or fortnightly amounts — a factor rate, not a moving interest rate. It suits businesses paid steadily every month; it doesn’t suit lumpy, cash-only or pass-through businesses.
By Wayflyer, not by you. If your facility funds, Wayflyer pays Get Backed a referral fee. You pay us nothing, and it doesn’t change your cost. We introduce to Wayflyer only — we don’t compare lenders, and we don’t give credit advice.
Fixed repayments, weekly or fortnightly — set upfront in your offer and unchanged for the whole term. You know the total cost before you accept. No balloon payments, no surprises at the end, and no daily debits eating your cashflow.
Because that’s what keeps it fast. Up to $250,000, the whole assessment runs off 12 months of bank data — no financials, no tax portals, no business plan, no security over your home and no call with an underwriter. Above that, lenders want two years of management accounts, ATO portal data, a security agreement and usually a conversation with the owner, and the whole thing slows to weeks. We only handle facilities up to $250,000, and we do that end properly. If you need more, a traditional broker is the right path.
You’ll use illion BankStatements, a service run by illion, one of Australia’s major credit-data companies. You pick your bank and log in once. illion encrypts your login, passes it to your bank, then discards it. It’s never stored, and we never see it.
It downloads 12 months of statements, one time only. It can’t move money, change anything or set up payments. The statements go straight to Wayflyer for assessment. That’s it.
The secure link appears the moment you finish applying, and we email you the same link, so you can do it on the spot or later. If you don’t get to it, we’ll send one reminder, then leave you alone.
Once your statements are linked, decisions typically come back within 24–48 hours,* and funding follows shortly after acceptance. The slowest step is usually linking statements — which takes about two minutes.
Yes — no personal guarantees and no property security. That’s our lending partner’s own policy, not just our experience. Some approvals include a standard security agreement over the business itself (not your house, not you personally), and if so it’s stated plainly in the written offer before you decide.
A company, trust or partnership (not a sole trader) trading for 2+ years, with at least $20,000 a month and five or more deposits a month going through the business account, in good standing with the ATO and with no material legal action in the last five years. Lenders also look for clean recent conduct — no more than three dishonours in the last 30 days, and no more than three cash advances taken in the last 90 days. If that’s you, the bank data does the rest.
No. Existing facilities are often consolidated into the new offer rather than declined — we’ve seen approvals where the lender paid out two existing lenders as part of funding. Just list them honestly in the application.
Bank-data access is secure and read-only through a bank-feed provider — nobody can touch your money. Your details go to our lending partner for assessment and nowhere else. Privacy questions: privacy@getbacked.com.au.
No. You link your statements straight after applying, and everything after that — confirmation, your offer, settlement — happens by email. It’s faster for you and it’s how we prefer to work too.