Business Cash Advance Loans in Melbourne

Information verified correct on April 30th, 2017

For a small business owner in Melbourne, a fast cash business loan can help cover the cost of emergency expenses.

Melbourne is home to some of Australia’s largest companies and yet 80% of the businesses in the Victorian capital are small businesses. These shops, restaurants and service providers are fulfilling the day to day needs of the millions of residents of this growing city.

Any number of issues can come up unexpectedly for these small enterprises, often necessitating a quick influx of cash to help bail them out. Business cash loan providers are available in Melbourne to help those small business owners stay afloat even during an emergency.

NAB QuickBiz Loan

NAB QuickBiz Loan Offer

The NAB QuickBiz Loan allows you to borrow up to $50,000 for your business needs. The loan is available for new or existing business needs and features no upfront fee and tax deductible interest repayments. Link your accounting software directly into the application.

  • Interest Rate From: 13.85% p.a.
  • Interest Rate Type: Fixed
  • Application Fee: $0
  • Minimum Loan Term: 1 year
  • Maximum Loan Term: 2 year
  • Minimum Loan Amount: $5,000
  • Maximum Loan Amount: $50,000

Compare a range of personal short term finance options

Rates last updated April 30th, 2017
Min Loan Amount Max. Loan Amount Loan Term Application Fee
NAB QuickBiz Loan
An unsecured business loan from $5,000 that can be processed in 1 business day.
$5,000 $50,000 1 to 2 years $0 Go to site More
Prospa Business Loan
Apply for a business loan from $5,000 and enjoy a shorter loan term up to 12 months.
$5,000 $250,000 0.25 to 1 years $0 Go to site More
Bigstone Small Business Loan
Take advantage of a tailored rate and competitive financing from Bigstone’s business loans marketplace
$10,000 $250,000 2 years $0 until funding Go to site More
OnDeck Business Loans
Apply online for up to $150,000 with OnDeck and receive approved funds in one business day.
$10,000 $150,000 0.5 to 2 years $0 (2.5% origination fee) Go to site More
Moula Business Loan
Small business loans of up $250,000 approved and funded within 24 hours. Transparent fees and rates.
$5,000 $250,000 0.5 to 1 years $0 Go to site More

Warning about Borrowing

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

How do business cash loan providers in Melbourne work?

When a business owner has a need that demands cash quickly, the services of a business cash loan provider can help. This type of lender offers quick solutions to small business problems by providing loans ranging from $1,000 to up to $500,000.

In most cases, the qualifications to be approved for a business cash loan in Melbourne are easy. So long as you run an established business that can show a certain amount of revenue from sales in a month, an approval can be given in just minutes. There are even lenders who will fast track the cash so that the small business owner can access the funds in the same day.

Business cash loan provider comparison

  • Loan amount.
    You can find business cash loans being offered for a wide range of amounts. Look for the ones that will be able to meet your needs and don’t borrow more than you require.
  • Interest.
    Compare the different rates that these lenders are promoting.
  • Fees.
    Check for application fees and monthly maintenance charges. It is also good practice to know beforehand what kind of penalty you may be charged if you are late or miss a repayment.
  • Terms.
    You will want to make sure that the terms your lender offers won’t put your business into financial distress.

In what areas in Melbourne are business cash loan providers available?

The city of Melbourne and all of its suburbs are teeming with small businesses that can benefit from the services that a business cash loan provider can offer. The city centre is thriving with an abundance of larger companies who enjoy the products and services that these small businesses are providing.

The outlying suburbs are home to individuals and families who are also taking advantage of the services of small businesses. Here you find great ethnic diversity in a growing number of small shops and restaurants that are catering to their growing migrant populations.

  • City Centre.

    City Centre refers to the central business district of Melbourne. This serves as a major financial hub for all of Australia and the entire Asia-Pacific region. Here you find the central headquarters for many major companies conducting business in Australia and a large community of smaller businesses that serve them.

  • Docklands.

    This inner-city suburb is located only 2km west of the City Centre. It is here where well-known companies like ANZ and Myer have set up their headquarters. This an easily accessible part of the city with a major highway system plus train and water transport.

  • Carlton.

    2km north of the City Centre is Carlton, an inner-city suburb that is known for its Little Italy precinct. Here you will find a large array of Italian restaurants and a booming café culture.

  • Jolimont.

    A very small area in Melbourne, this suburb consists mainly of the important Melbourne Cricket Ground and Yarra Park which surrounds it. One single block of residential and commercial buildings exists and is recognisable for its Victorian terrace houses and offices.

  • Sorrento.

    This seaside resort area on the Port Phillip shore is an hour and a half drive south from Melbourne. This quiet seaside township is a bustling resort area for the upper class during the peak holiday months.

  • Dandenong.

    30km south of the City Centre is the suburb of Dandenong with a high immigrant population. With over half of the residents having been born outside of Australia, Dandenong is an area rich in shops and small stores from a variety of ethnic groups.

Pros and cons


  • Fast processing time. In many instances, you will know whether you have been approved for the loan in only a few minutes or at least on the same day.
  • Flexible repayments. Most of these lenders will offer you options to set up a repayment plan that won’t hurt your business’ budget.
  • Purpose. You can use the funds from these types of loans to help with a sudden repair, add stock to your shop or to help you through a slow period.


  • Rates and fees. If you are not careful, you could end up having to pay for a loan that you cannot afford. Shop for the lowest rates and fees you can find and only borrow the amount of money you need at that time.

Questions to ask your provider

  • Loan amount.
    What are the maximum and minimum amounts allowed for a borrower?
  • Rates.
    What type and how much interest will I have to pay?
  • Fees.
    Are there monthly charges added to my loan amount?
  • Repayments.
    What options do I have if I want to pay the loan off ahead of schedule?

The multitude of differing small businesses in and around Melbourne makes for a market that gets great benefit from the products that a business cash loan company provides. Compare those providers that are local to your Melbourne neighborhood to find a loan that is going to give you and your business the money you need at terms you can afford.

Picture: Shutterstock

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