Non-bank lender business loans
Some non-bank business lenders can let you borrow more than the big banks and have lower interest rates.
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Compare a range of non-bank business loans
More guides on Finder
- Heritage Bank Equipment Loan
Purchase, replace or upgrade new or used equipment up to $500,000.
- Stratton Finance Business Car Loan
Stratton Finance offers a business car loan with high borrowing amounts and fixed interest rates.
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- Propell Line of Credit
Fund your business needs with Propell’s line of credit, providing up to $100,000 with fees based only on what you use.
- ANZ Business Loan under the SME Recovery Loan Scheme
This ANZ business loan aims to help businesses recover from the Coronavirus pandemic with a special, low interest rate. Rates will vary based on your situation. Find out if you're eligible to apply.
- Westpac SME Recovery Loan
This loan from Westpac has secured and unsecured options to help your business recover from the Covid-19 lockdowns. Its variable rates are based on your circumstances and can be repaid over 10 years. Find out if you're eligible to apply.
- NAB Business Recovery Loan
This business recovery loan from NAB lets you choose between secured and unsecured options to help your business after the Covid-19 lockdowns. Interest rates will vary based on your situation. Find out if you're eligible to apply.
- CommBank SME Restarter Loan
You can borrow up to $5 million to help your business recover from the coronavirus pandemic or the March 2021 floods.
I have researched a business idea for 2 years which is new to Australia, done research, ran figures and would like to start. I need to lease land, buy equipment and build one hall. I have found a great property in good location to lease, but how do I go about the financing. $$400,000 would give me enough to pay wages for the first year as well as covering the start up costs. I just don’t know how to go about financing. I have no assets in my name. I researched grants, but for those my business needs to be running for about 9 months before I can apply.
Hi AMB,
Thank you for getting in touch with Finder.
Many lenders have strict requirements regarding the amount of time a business needs to have been operating. However, people looking to start a new business can also access funding without the need to offer security. You may find out more about startup loans. I suggest that you speak to your chosen lender regarding your loan application as they can provide options that would suit your business needs most.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
I have a startup/early stage online and offline clothing business with patented phone pocket invention that is developed in all respects except sales, which will soon grow through online and offline marketing. Trading for more than 9 months. How can I please get a working capital business loan of $50K-$100K in spite of current very low turnover?
Hi Peter,
Thanks for getting in touch with finder. I hope all is well with you. :)
It is true that having a very low turnover would decrease your chance of getting approved for a business loan. However, you may still want to check the non-bank business loan providers on this page. They are less strict compared to traditional banks that follow a meticulous application process.
Moreover, decreasing your business loan may also increase your chance of getting approved. $50K-$100K is a big amount considering that you have low turnover. Moreover, you can use properties that can serve as securities to convince lenders to give you the money.
Ultimately, it is the lenders who will assess your application. You might also ask the lender, given with your situation, your other possible options.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua