# Propell

> Australian SME lender offering fast, easy and affordable unsecured business loans from $20k to $250k. Assessed using bank statements, not financial statements. Same-day funding possible.

## Company

- Legal entity: Propell Holdings Limited
- Operating entity: Propell Services Pty Ltd
- Loan issuing entity: BC Fund 2 Pty Ltd
- ABN: 22 615 100 840
- Founded: 2016
- Headquarters: Level 2, 15 Mayneview Street, Milton QLD 4064, Australia
- Website: https://propell.au
- Email: support@propell.au
- Phone (customer service): 1300 804 091
- Phone (sales): +61 482 082 709

## Leadership

- Michael Davidson: Executive Chairman
- Gary Hazelwood: CEO
- Khai Liew: Chief Commercial Officer
- Dan Owen: Head of Credit
- Ken Zheng: Head of Engineering
- Ben Harrison: Non-Executive Director (Founder, Altor Capital)
- Jeremy Loftus: Non-Executive Director (Founding Executive, Radium Capital)

## Product

### Unsecured Business Loan
- Loan amount: $20,000 to $250,000
- Term: up to 24 months
- Security: Personal guarantee from directors (no asset security required)
- Repayment: Weekly or monthly, fixed level-pay (principal and fees combined)
- Pricing: 2% to 2.6% per month, fixed fee on loan amount (simple interest)
- Origination fee: 3% to 6% (capitalised)
- No early repayment fees, no ongoing account fees
- Assessment: Real-time bank statement analysis — no financial statements required
- No credit check until a loan offer is accepted
- Conditional approval typically within 24 hours; same-day funding possible

### Document Tiers
- Low Doc ($20k–$150k): 6 months bank statements
- Mid Doc ($150k–$250k): 12 months bank statements, ICA statement, property backing (not taken as security)

## Eligibility

- Australian registered business (ABN required)
- $100k+ annual revenue
- 12+ months trading history
- Profitable over the assessed period
- GST registered (unless exempt)
- Directors provide personal guarantee
- Business must not be in administration, receivership, or liquidation

## Channels

- Broker referral network (primary acquisition channel)
- Direct application via website
- Broker registration: https://propell.au/#partners
- Borrower application: https://app.propellme.com/reference?channel=direct
- Business owner dashboard: https://app.propellme.com

## Key Facts

- Credit methodology refreshed May 2025, based on bank statement analysis
- No consumer credit (NCCP-regulated products excluded by design)
- 100% digital application and assessment process
- Australian-owned and operated
- Can refinance existing loans and ATO debt within the approved loan limit
- Considers the context of past defaults — reasonable circumstances do not automatically disqualify

## Links

- Home: https://propell.au
- How it works: https://propell.au/#how
- Product details: https://propell.au/#product
- About: https://propell.au/#about
- For brokers: https://propell.au/#partners
- For business owners: https://propell.au/#business-owners
- Contact and FAQ: https://propell.au/#contact
- Privacy policy: https://propell.au/privacy
- Extended context: https://propell.au/llms-full.txt