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How the Australian Business Securitisation Fund could help your business

The fund should make it easier if you’re struggling to get finance for your business.

Thomas Stelzer
Thomas Stelzer

Updated

The government recently announced plans to inject $2 billion into the small business lending market to help small- to medium-enterprises (SMEs) that are struggling to get capital.

The policy is called the Australian Business Securitisation Fund and will be introduced to address the ongoing credit squeeze for small businesses looking for funding.

Read our guide below to see how it could help your business.

What is the Australian Business Securitisation Fund?

It’s a taxpayer-backed fund that aims to increase competition in SME lending by boosting alternative lenders. It will be administered by the Australian Office of Financial Management.

How does it work?

The securitisation fund will purchase secured and unsecured loan packages from smaller banks and non-bank lenders, which can then use the funding to lend to SMEs and potentially lower borrowing costs for small business owners.

The big four banks currently account for over 80% of small business lending and often charge more on rates compared to non-bank lenders. The fund aims to level the playing field between traditional and alternative lenders and make it easier for owners to secure a loan.

How can I apply?

There is currently no official word on when or how SMEs can apply for or use the fund. We will keep updating this guide as more information is announced.

In the meantime, if you're considering a loan from a non-bank lender, read our guide to alternative bank loans.

What are my other options?

If your business needs funding soon and can't wait for the launch of the fund, you can compare fast small business loans now.

You can also prepare for the launch by reading our guide to how business loans work.

Data indicated here is updated regularly
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Valiant Finance Business Loan Broker
Valiant Finance Business Loan Broker
$5,000
$1,000,000
3 months to 5 years
$0 application fee
A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 70 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
Enquire now
Prospa Business Loan
Prospa Business Loan
$5,000
$300,000
3 months to 3 years
3% origination fee
Small business loans are available from $5,000 - $300,000 on terms of up to 3 years. At least six months trading history and a monthly turnover from $6,000 is necessary.
Go to site
More Info
Max Funding Unsecured Business Loan
Max Funding Unsecured Business Loan
$2,000
$300,000
1 month to 1 year
$0 application fee
An unsecured business loan from $2,000 that offers convenient pre-approval and no early repayment fees.
Go to site
More Info
OnDeck Business Loans
OnDeck Business Loans
$10,000
$250,000
6 months to 2 years
3% of loan amount
Apply for up to $250,000 and receive your approved funds in one business day. Minimum annual turnover of $100,000 and 1 year of trading history required.
Go to site
More Info
Westpac Business Loan
Westpac Business Loan
$5,000
$1,000,000
1 to 30 years
$0 application fee
Purchase a new vehicle, equipment or support your cash flow with a business finance solution from Westpac.
Enquire now
ANZ Secured Business Loan
ANZ Secured Business Loan
$10,000
$10,000,000
Up to 15 years
$600
Benefit from a low rate when you secure this loan with property and/or business assets. Loans from $10,000 available.
Enquire now
ANZ Unsecured Business Loan
ANZ Unsecured Business Loan
$10,000
$1,000,000
Up to 15 years
$600
Apply for a loan from $10,000 with no security required and benefit from flexible repayment terms.
Enquire now
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Compare up to 4 providers

Picture: Shutterstock

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