A merchant cash advance provides convenient funding that is easily repaid using a percentage of your cashflow.
Get easy access to the funds your business needs today to help you grow.
After years of operating in the international business lending space, seasoned entrepreneurs Jaco Gunter and Guy Hosking set out to find a partner who understands businesses, to help them launch a unique working capital product.
That partner is Attvest; and the product is a Merchant Cash Advance for businesses who believe in a bigger future. Attvest’s customer obsession, innovation and courage matches their own and the result is the BiiGGA brand.
Attvest has been working with businesses for over eight years as one of the largest insurance premium funding businesses in Australia; and is the preferred choice for countless business owners.
Applying for a BiiGGA merchant cash advance couldn’t be simpler:
Simple. With BiiGGA you pay as you trade. We get paid when you get paid.
BiiGGA offers you flexible repayments in line with your daily EFTPOS turnover.
At BiiGGA, we believe in businesses.
We also understand how difficult it can be for any business to access funding. The endless document requirements and prolonged delays in getting an answer back from lenders, only to be told “No!”
We get it…and we want to offer you a better alternative.
Jaco Gunter
Co-Founder and CEO
Relentless in supporting business owners
Jaco Gunter has over 20 years of experience in banking, consumer finance and SME lending. He was one of the Co-Founders of one of the largest alternative SME lenders in Africa.
Guy Hosking
Co-Founder and CFO
Passionate about product driven growth
Guy Hosking is a Chartered Accountant with over 20 years of experience in the banking, consumer finance and SME lending and most recently was the CFO for one of the largest alternative SME lenders in Africa.
… and if you still have questions, please get in touch with the BiiGGA team and we’ll do our best to help.
Who is BiiGGA?
BiiGGA supports Australian businesses by providing accessible working capital through a merchant cash advance. The BiiGGA merchant cash advance provides the funds your business needs today, to help you grow your business.
Our simplified application process, flexible cashflow-based repayments and high approval rates allow us to make a BiiG difference to your business.
BiiGGA is majority owned by Attvest Finance, one of Australia’s largest insurance premium funders.
Why did I get an email from BiiGGA?
BiiGGA is offering working capital finance to selected Attvest customers who would be suitable for a merchant cash advance. Simply follow the secure online process to access your working capital offer.
How is BiiGGA different from a bank?
BiiGGA makes it easy for business owners to access working capital. We have removed the lengthy application process and the need to supply endless documentation. We won’t waste your time and we won’t keep you waiting.
A BiiGGA merchant cash advance also does not require you to put up any of your assets as security. This makes it easier for you to access the finance you need to grow your business.
Will BiiGGA run a credit or identity check?
BiiGGA will make reasonable enquiries to verify your identity, and about your ability to service your cash advance. This will include credit checks on both the business and its owners.
We are also required by law to establish your identity and follow a KYC ‘Know Your Customer’ process. We do this through an easy-to-use online verification process, which is quick and does not require documentation.
Am I eligible for a merchant cash advance?
If you have received an email from BiiGGA inviting you to access your merchant cash advance offer, then you are eligible! Follow a simple online 5 step process and the funds will be made available to you within 24 hours.
How much funds can I access?
If you have received an email from Attvest inviting you to access your merchant cash advance, the email will explain the amount you can access immediately. Should you require a different amount, you will have the option as part of BiiGGA’s online application process to request a different amount. We will require some information from you to assess how much you could qualify for, and we will get an answer back to you within 24 hours.
How long does the whole process take?
The BiiGGA online application process takes less than 5 minutes, and we will get an answer back to you within 24 hours. Once approved, the funds will be made available to you shortly thereafter.
How can I use the funding?
At BiiGGA we believe that you as the business owner are best placed to decide how to use your merchant cash advance in your business. That is why we do not place any restrictions on the funding you receive.
The funds may be used in your business as you see fit, whether it be to replenish stock, purchase equipment, marketing or expansion.
What is a merchant cash advance?
A merchant cash advance is a funding product used world-wide to fund small and medium size businesses. It is different from a loan in that there is no interest payable; a flat fee is charged which does not change over the duration of the advance.
The repayment of a merchant cash advance can be linked to the turnover of your business, making these repayments more affordable when your cash flow is tighter.
A merchant cash advance is also unsecured, meaning you don’t have to put up your personal assets to secure funding.
How do payments work?
A BiiGGA merchant cash advance is paid in small daily repayments. These repayments will be debited against your bank account using direct debits, so there is no administration needed from you, allowing you to focus on running your business.
BiiGGA can also match your daily repayments to your turnover, to help ease your cash flow cycle.
Is there a late payment fee?
There is no late payment fee. Should it take longer to repay your merchant cash advance, unlike an interest based loan, there will be no additional fees charged. You only pay the original fee agreed upon upfront.
Do I need to provide security?
A BiiGGA merchant cash advance does not require you to put up any of your assets as security. This makes it easier for you to access the finance you need to grow your business.
Why do I need to share my bank statement data?
BiiGGA will use your bank statement data as part of your application for a merchant cash advance. We need to make reasonable enquiries about your ability to service your cash advance, and the bank statement data is part of this underwriting process.
By providing BiiGGA with your bank statement data electronically, it allows us to speed up the processing of your application.
What data does BiiGGA view?
By giving BiiGGA access to your bank statement data electronically, we can view current and historic transactional information only. This will allow us to assess your ability to service your merchant cash advance.
Can you see my account login details?
No, never. Your account login details are encrypted using 248-bit encryption, secured by 2048-bit keys. This is the same security level that your bank uses. Your login details are never stored and are discarded after they have been encrypted and passed to your bank.
What kind of access do you have to my accounts?
BiiGGA can only access current and historic bank statement data at a transaction level. BiiGGA cannot do anything more than view your banking transactions, much like if you provided a bank statement to us.
How is my data protected?
Your login details are never stored and are discarded after they have been encrypted and passed to your bank. Your bank statement data is stored on a secure server which only BiiGGA can access. For more information on how we treat your data, please see our privacy policy.
Who is illion?
Illion is the leading independent provider of trusted data and analytics products and services in Australia. They offer a secure and trusted way of providing your bank account data to BiiGGA, without compromising your security.
What happens if I do not wish to provide my internet banking details?
If you do not want to provide BiiGGA with access to your electronic bank statement data, you can send us your bank statements via email. Please be aware that it will take us longer to process your application this way, as we will manually review your bank statements.
We discourage our customers from sending bank statements via email communication on the basis of security.
How much does it cost?
It’s a completely free service to you. Allowing BiiGGA to access your electronic bank statement data will speed up the processing of your merchant cash advance application.
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