How long does it take to receive funds from a Tyro Business Loan?
Just so long as you’re eligible*, you will either receive your funds within 60 seconds or a few business days.
The difference? Whether you settle your daily takings into a Tyro Bank Account or into an account with another bank.
1: Tyro Bank Account
If you are set up so that your daily takings^ are deposited into your Tyro Bank Account, your Tyro Business Loan funds will be deposited into that same account within 60 seconds.
2: Another bank
If your daily takings are settled into an account with another bank, you will receive your Tyro Business Loan funds within a few business days.
More answers, articles, and links:
Tyro Payments Limited ACN 103 575 042 AFSL 471951 (Tyro) is the issuer of its own financial products. As Tyro does not take into account your personal circumstances, please consider if these products are suitable for you.
*Tyro loans are subject to Tyro’s eligibility and credit criteria. A personal guarantee is required and loan repayments are subject to minimum repayment amounts. Other conditions may apply.
^Takings include all transactions processed on the Tyro EFTPOS and eCommerce facilities.