Bigstone Small Business Loan

Borrow from $10,000 up to $5,000,000 from multiple investors. Interest is calculated on the risk your business presents.

Bigstone is a marketplace lender connecting businesses to investors. Once a match has been made and the loan is granted, Bigstone manages the loan and collects payments. Small businesses pay interest rates based on how much risk they represent. The better and more creditworthy your business, the lower the interest rate. If your credit score is less than perfect, the rate you receive could be higher. Terms range from 1 to 5 years. Apart from interest charges, you will also have to pay an application fee of $250.


Upfront Fee


Max. Loan Amount

1 to 5 years

Loan Term

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Product NameBigstone Small Business Loan
Min. Loan Amount$10,000
Max. Loan Amount$5,000,000
Loan SecuritySecured
Upfront Fee$250
Loan Term1 to 5 years

How does a small business loan from Bigstone work?

Bigstone loans are granted and managed online. Once an application is submitted and approved, the loan is listed on Bigstone's marketplace for up to 14 days. Investors can set filters and choose borrowers that fit their criteria.

Businesses can apply for up to $5,000,000 to be repaid over a period of between 12 to 60 months. No fees are charged for early repayments. The interest rate is calculated on how much risk your business represents. The interest rate is calculated on your declining balance, meaning a better deal, and Bigstone is the only brand to do this. Borrowers pay a market access fee once the money has been deposited.

Features of a small business loan from Bigstone

If you’re interested in getting a business loan from Bigstone’s marketplace, here are some of the features you’ll have access to:

  • Interest rate discounts. Businesses that use cloud accounting software will save 1% on their final interest rate.
  • Interest charged on your declining balance. Bigstone is the only small business lending brand to charge interest on your loan's declining balance, helping you to save.
  • Quick process. Filling in the application takes a few minutes. Following approval, the loan is listed on the marketplace and investors can start funding it immediately. Borrowers can have approved funds deposited into their accounts within two days.
  • Faster funding for smaller loans. Loans up to $100,000 can be approved within one hour.
  • Flexibility. Loans can be used for any business purpose. However, Bigstone will not approve loans to invest in real estate or for non-business purchases.
  • Security. Bigstone won’t take your home as security but you are required to be a homeowner for one-hour loan approval. There will be a general charge taken over company assets and any asset you purchase with the loan will be used as security. Each loan must also be personally guaranteed by the business’s directors.
  • Early repayments. No fees are charged for early repayments.
  • No upfront fees. Borrowers pay no application, facility or annual fees, and no management fees until the loan has been funded. Investors pay no upfront fees, and no management fees until the loan has been repaid.
  • Choice. Investors can filter loans by risk grade, interest rate, loan amount and other criteria. This way they can choose the loans that best correspond to the kinds of investments they’d like to make. Borrowers have the option to cash out the loan if the minimum loan amount has been funded.

How much does the loan cost?

Certain fees and charges apply to Bigstone business loans.

  • Application fee. You will pay a one-time fee of $250.
  • Collections fee. A fee of $10 per day will be charged for defaulting on payments, along with penalty interest.
  • Failed direct debit fee. If your direct debit fails, you will be charged a fee of $30.
  • Management fee. Investors pay this fee once the loan has been repaid.
  • Annual, facility and application fees are waived. No fees are charged for early repayments.

How to apply for a Bigstone business loan.

If you want to apply for a small business loan from Bigstone, click “Go to Site” to get your application started. Small businesses can click on “Rate Calculator” to get an idea of repayments, fees and interest rates for the amount they’d like to borrow.

Your business needs to meet the following criteria to apply for a loan:

  • An Australian company, trust or sole trader
  • Operating for at least 24 months
  • Directors have good credit
  • Business has no prior bankruptcies

If you're looking to borrow, the following details will be required. This information is the minimum; the more details you provide on your application form, the lower your rate may be.

  • The company’s ACN or ABN
  • Equipment invoice
  • For loans over $100,000, Bigstone will need access to financial statements
  • Two pieces of government identification per director

The loan will be listed on the marketplace for a maximum of 14 days. If not funded before the expiration date, the listing will be removed and the borrower can relist with a different interest rate.

If you’re looking to invest, the following documents must be provided:

  • A certificate proving status as a Wholesale Client in accordance with Australia’s Corporations Act
  • Two forms of government identification
  • Bank details

Once accepted, investors can deposit money into their Bigstone accounts via BPay or bank transfer. Funding and loan allocations cannot be cancelled as long as the loan is still listed.

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