Compare Business Loans

Business Loan Finder™ will help you find and compare business loans.

Moula Business Loan Offer

Moula Business Loan Offer

  • Borrow up to $500,000
  • Flexible lending criteria
  • No hidden fees
Security Logo

100% confidential application

Moula Business Loan Offer

An unsecured business loan with online application and no upfront or early repayment fees.

  • Interest rate type: Fixed
  • Application fee: $0
  • Minimum loan amount: $5,000
  • Maximum loan amount: $500,000
Go to site
Promoted

Business loans comparison table:

Updated May 22nd, 2019
Name Product Min. Loan Amount Max. Loan Amount Loan Term Application Fee
$5,000
$500,000
6 months to 3 years
$0
A loan of up to $500,000 that can be approved and funded within 24 hours. Available to businesses with 6+ months operating history and $5,000+ monthly sales.
$5,000
$500,000
3 to 18 months
$0
Borrow up to $500,000 and receive funding in up to 48 hours. You pay a one-off factor fee at the start of the loan, with no ongoing fees or interest payments required.
$5,000
$300,000
3 months to 2 years
$0
A business loan available up to $300,000 that can be funded in 1 business day. Must have a turnover of $6,000+ per month and provide 6 months of trading history, 3 months history for existing business purchases.
$5,000
$1,000,000
3 months to 5 years
$0
A Small Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 60 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
$5,000
$100,000
3 months to 2 years
$0
Borrow up to $100,000 on a secured or unsecured business loan or line of credit. Applications can be approved on the same day, with rates starting at 9.9% p.a.
$10,000
$100,000,000
Up to 25 years
0.75%
Borrow from $10,000 with multiple repayment options including optional fixed rate periods.
$5,000
$500,000
6 months to 2 years
Initial draw down fee
A business loan up to $100,000 for unsecured loans, or $500,000 for secured loans that you can use for any business purpose. Transparent costs and redraw facility available.
$10,000
$250,000
6 months to 2 years
2.5% origination fee
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.
$2,000
$300,000
1 month to 3 years
$0
An unsecured business loan from $2,000 that offers convenient pre-approval and no early repayment fees.
$10,000
$500,000
6 months to 2 years
Initial draw down fee
A flexible business loan up to $500,000 with convenient top up and redraw facilities. Business must have been operating for 9 months+ and have monthly sales of $10,000+

Compare up to 4 providers

Compare business loans from these lenders in Australia

  • NAB
  • Prospa
  • Moula
  • Spotcap
  • Bromleigh Capital
  • Ondeck
  • Max Funding
  • Businessloans.com.au

Learn about different types of business loans and finance

How does a business loan work?

A business loan is a popular business finance options offered by both banks and non-bank lenders. Businesses are lent a lump-sum payment, which is then repaid, with interest, over an agreed term (generally anywhere from three months to five years).

Business loans come as either secured or unsecured loans and allow businesses to borrow from $5,000 to $1,000,000. Most business loans come with a fixed interest rate and you will need to make repayments on a daily, weekly or monthly basis.

  • Secured business loan

    You will need to use an asset, generally a residential or commercial property, as security against the loan. In return, you will generally receive a lower interest rate, have the ability to borrow a larger amount and are more likely to be approved by the lender.

  • Unsecured business loan

    You do not need to use an asset as security on an unsecured loan. As an unsecured loan represents more of a risk to the lender, you will generally be offered a higher interest rate and may be less likely to be approved for a loan, depending on the strength of your application.


Compare the following business lenders

NAB QuickBiz Loan

Bigstone Logo

Max Funding Logo

Business Fuel

Spotcap Logo
Prospa Logo
OnDeck Logo
Moula Logo

business loan growth

Quick guide to business loans

Are you eligible for a business loan? How do I compare business loans? How do business loan applications get approved? We take you through your business loan application to help you get it across the line.


Is your business eligible for a loan?

  • Age of the business. You'll need to have been operating for at least one year for most unsecured business loans offered by alternative lenders and banks, but some do offer unsecured startup finance. Invoice factoring and equipment loans have less stringent criteria on business age, but you'll need to have been operating for at least one year for business overdrafts or a line of credit.
  • Turnover. Your business may need to be making a certain amount of turnover in order to be eligible for a loan. This revenue may be monthly or yearly and can range from $50,000 to $200,000+ p.a. Other lenders simply require you to connect your business's accounting software or financials as part of the application process so they can calculate a loan your business can afford.
  • Credit profile. The lender may check the personal credit histories along with the company's credit (unless you're a startup). If the business has unpaid defaults or tax debt, you may need to find a bad credit business loan.
  • ABN/ACN. You'll need to have an Australian Business Number (ABN) or Australian Company Number (ACN).

How can you compare business loans?

  • Do you meet the eligibility criteria? Checking whether you meet the minimum eligibility criteria before you apply is the first step in your comparison process. This will help you narrow down choices that are the most suitable for you.
  • How much will the business loan cost? If you know what loan you need, the next step is deciding what your business can afford. Look at your incomings and outgoings to see what you could comfortably repay without putting too much strain on the business. If it's a loan for a startup, you'll need to rely on cash flow projections.
  • Compare business loan interest rates and fees. Once you've determined what you can afford to borrow, you should compare the rate and any fees or charges for a variety of business loans to find the one that represents the best value for your business.
  • Do the repayment terms meet your business's needs? Lenders offer repayment terms of varying flexibility. Some will allow you to repay daily, others weekly and some will require you to repay your loan monthly. Work out which will best meet your business's needs in terms of your cash flow.


How do lenders judge your business loan application?

Lenders use a variety of criteria to see if you fit their risk profile and ensure your business can repay the loan.

  • Age and turnover of the business. Startup finance is harder to find and be approved for, so if your business is established, you will find it easier to get a loan. The business turnover is also considered and lenders usually have a minimum requirement for monthly or annual turnover. They may also use your turnover to determine what the business can afford to repay.
  • Credit profile. The lender will assess the company directors' personal credit scores as part of the application process, and if the business is established, the lender will also check the company's credit score.
  • Credit card volume. If you receive credit card payments in your business, lenders may use the volume of these payments to judge your ability to repay the loan. The assumption among some new lenders is that you will use this volume to repay the loan.
  • Accounts receivable. Similar to credit card volume, lenders may factor your accounts receivable value into their asset ratios to help them make a decision.
  • Company structure. Lenders will check what company structure you have and how long you have been in the existing structure. If you have recently undertaken a restructure or are applying for finance in the middle of restructuring, lenders may not want to finance you at this time.
  • Existing debt. Does your business have an existing debt with another lender? This will be considered as part of your application.
  • Profitability. For a revolving line of credit, your business will usually need to be profitable to be approved.

Read our guide on how to get approved for a business loan


Where in Australia can I get a business loan?

No matter where in Australia you're looking for business finance, there are loan options available. Take a look at the map below to see what some of your options could be.


Other questions you may have

What should I avoid when applying for a business loan?

There are a number of mistakes that applicants make when applying for a business loan, from choosing the wrong loan option to submitting an incomplete application. You should always understand what you'll need to provide to the lender before beginning your application.

See the common mistakes to avoid when applying for a business loan


Why was my application rejected?

There are a number of reasons why a lender may reject a business loan application. It is important to ask for feedback from your lender if they do reject your application. This feedback will give you insight into what you did wrong, which you can improve on for the next time you apply. If the lender is unable to provide this feedback, you may want to review your application and see if you can spot any red flags yourself.

Read our guide on why your business loan application may have been rejected


Is my personal credit file checked or my company credit file?

The lender will specify which credit history they will need to check, but generally, the lender will want to verify the company directors' credit histories. Your business's financials may also be checked using accounting information that you connect as part of the application process.

Read the guide on business loans and your credit file



What other business financing options are available?

Business finance is split into two main categories: debt finance and equity finance. Equity finance is provided by an owner or an external investor, whereas debt finance is provided by a bank, credit union or business lender. Below, you can find out more information about the different types of short-term and long-term business debt finance that are available.

Business line of credit

You have a set limit and can use up to that limit when you need to. Repayments are flexible as long as you keep the account in good standing.

  • Draw on an account balance up to an approved limit
  • Line of credits can be secured or unsecured, and more non-traditional lenders are starting to offer them
  • Interest is usually charged monthly and repayments include interest plus fees

Short-term business loan

You can get funds that you are required to pay over a set term, which is usually between 3 and 12 months.

  • Repay what you owe quickly
  • Repayments are usually daily or weekly to mitigate the impact on a business's cash flow
  • Interest may be charged on the principal or the outstanding amount depending on the lender, and fees may apply

Credit card

This works just like a personal credit card except it's for business expenses, and you can add multiple additional cardholders.

  • Opt for personal or business credit cards to fund your business's immediate cash flow needs
  • Benefit from interest-free days, rewards and additional cardholders
  • Interest can range from 8-20% if balance is not paid back monthly

Invoice financing

If you have outstanding invoices and you need them to be paid, you can sell them to an invoice financing company and receive what you're owed minus a fee.

  • Use your outstanding invoices as finance
  • Receive up to 85% of the invoice amount and choose which invoices you want to finance
  • You'll need to pay a percentage of the invoice amount

Business vehicle finance

This is a secured loan available for businesses of all sizes with leases also being available.

  • Various types are available to sole traders as well as small and medium-sized businesses
  • Depending on the cost of the car and how it's used, there are tax benefits available
  • Repayment terms vary depending on the type of finance selected but competitive rates are on offer if the loan is secured

Equipment finance

There are various options available to let you purchase or lease equipment.

  • Options include commercial loans, equipment hire purchases, finance leases and novated leases
  • Have your choice of purchase or lease depending on your business needs
  • Compare costs and rates to select the right financing option for the equipment you need

Business overdraft

Business overdrafts are attached to your business banking account and allow you to overdraw up to a specified limit on that account. You only pay interest on your outstanding balance.

  • A pre-determined limit that you can overdraw up to on your business bank account
  • Suitable to manage a business's day-to-day cash flow fluctuations
  • Usually come with an application fee, line or facility fees and interest is paid monthly when the overdraft funds are used

Fully-drawn advance

This is a long-term business loan that allows you to borrow a set amount of money and repay it in pre-determined repayments.

  • Long-term financing available to purchase a business, property or equipment
  • A longer loan term of up to 10 years is usually available
  • Repayments are usually made monthly with both fixed and variable rates available

Cash flow lending

This type of lending allows you to use your expected cash flow as collateral for the loan.

  • Use your working capital assets as security for a loan
  • Drawdown on funds as required, with your cash flow determining your loan
  • Interest is charged on the balance outstanding and fees may apply

Trade finance

This type of finance allows you to fund the purchase of goods from domestic or international suppliers.

  • Various types are available, such as letters of credit or bank guarantees between the buyer and seller
  • Fill large orders without putting a stop to your cash flow
  • You'll be charged interest on the amount provided for each trade as well as fees

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

34 Responses

  1. Default Gravatar
    June 26, 2018

    i am recently retired man. i am on aged pension. i need business loan to purchase established business. i want to put some $25000 –$ 35000/ in to it from super annuation funds. i am regularly getting aged pension from centrelink.please guide me the lenders who are liberal in granting business loan to me.

    • Avatarfinder Customer Care
      NikkiJune 27, 2018Staff

      Hi Vinod!

      Thanks for reaching out to us.

      To apply for a business loan, generally, you will need a summary of your business’ financials, a business plan, financial forecasts (including cash flow forecasts) and your personal information. However, many new lenders simply request to log into your business’ accounting software to get this information for themselves.

      You can visit these pages to help you choose the lenders for your business.

      Business loans receiving Centrelink payments.

      This page shows all business loans but doesn’t sort our pension applicants.

      Hope this helps. Feel free to read through and message us should you have further questions.

      Regards,
      Nikki

  2. Default Gravatar
    claireApril 7, 2018

    my question is l am looking for information for a business online banking account, what will be the monthly fees be to have this online account? l have obtained information from NAB and CWB that the account will be zero a month for an online account when you do not use the branch, all banking is done online. to have an OD attached to this online banking business account the fees are below for an unsecured amount.
    for OD facility NAB is 14.5% with 1.75% annual fees
    for OF facility with CWB 14.75% with 1.75% annual fees
    what is will the account fees be with ANZ and Westpac
    l cannot see where l find these on your site.
    also how long back did a zero fee for online banking start with an online banking account, what year?

    • Avatarfinder Customer Care
      MayApril 9, 2018Staff

      Hi Claire,

      Thank you for your questions.

      1. l am looking for information for a business online banking account, what will be the monthly fees be to have this online account?
      Depending on the type of account, some banks have nil monthly fees, others may charge as much as $20. The business bank accounts you can compare in the market is listed here. Most banking accounts these days can be done easily through online.

      2. What is will the account fees be with ANZ and Westpac?
      You can find more information about ANZ business accounts and its fees on this page. For Westpac, Depending on the account, they charge $10 monthly account fee for their Westpac Business One Account – Low Plan and $20 for Westpac Business One Account – High Plan

      3. How long back did a zero fee for online banking start with an online banking account, what year?
      I’m afraid we don’t have information in that regard. But most banks offer cheaper if not zero fees on some of their online bank accounts to their customers helping them save money on monthly charges.

      Hope this helps.

      Cheers,
      May

  3. Default Gravatar
    TomFebruary 13, 2018

    small business unsecured loan of 300,000. to buy an existing profitable business , with low fixed interest , no early payout fee ,over 5years approx. Have financial statements of business and $800,000. assets of my own , so could be secured loan.

    • Avatarfinder Customer Care
      RenchMarch 4, 2018Staff

      Hi Tom,

      Thank you for your inquiry. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.

      Whilst we can’t really recommend a specific lender to you as we are a comparison website, you may like to check our guides on these pages:
      Secured business loans
      Unsecured business loans
      Secured vs. Unsecured business loans

      You’d be best to confirm directly with the lender about your loan options and eligibility.

      Best regards,
      Rench

  4. Default Gravatar
    MikeAugust 31, 2017

    Hello,
    Just wondering if there are any finance options available for me. Right now all I have is my business plan and projections from my account. That’s it, no assets, no defaults on my credit score however I do have 3 inquiries(Business related). I’m looking for funding for my equipment, without the equipment we can’t start. Is there any chance at all for me?

    Regards,
    Mike.

  5. Default Gravatar
    TrevorAugust 30, 2017

    Is there a possibility of being funded without collateral and a guarantor? Low doc, etc..?

    • Avatarfinder Customer Care
      HaroldAugust 31, 2017Staff

      Hi Trevor,

      Thank you for your inquiry.

      You may want to consider the following low doc loans.
      Low Doc Personal Loans
      Low Doc Home Loans

      I hope this information has helped.

      Cheers,
      Harold

  6. Default Gravatar
    GunJuly 20, 2017

    A lot of small businesses sell on the basis of sec-52 statement? I want to obtain a business loan on that basis. Please help me.

    • Avatarfinder Customer Care
      RenchJuly 23, 2017Staff

      Hi Gun,

      Thanks for your inquiry.

      You’re actually already on the correct page on where you can compare your options for business loans. They also cater to small businesses. Please click on the name of your preferred loan to see more details, then you can click on the ‘Go to Site’ button to submit an online application.

      This page will also be helpful. You can make use of the business calculator and get more information.

      Cheers,
      Rench

  7. Default Gravatar
    jossAugust 5, 2016

    I want to invest in a business and I want to know how much I can borrow

    • Avatarfinder Customer Care
      MayAugust 5, 2016Staff

      Hi Joss,

      Thanks for your question.

      The amount you can borrow would depend on the assessment of the lender of your income, assets, credit history, etc. You can discuss your loan options with a lender featured above. Be sure to review the criteria and requirements before you apply.

      Hope this helps.

      Cheers,
      May

  8. Default Gravatar
    ashimJune 22, 2016

    I’m an international student. I want to open a fancy clothing store here in perth.
    what i really wanted to ask is, can i get loan? and what should i have to do for that? please help me through this.

    • Avatarfinder Customer Care
      ElizabethJune 22, 2016Staff

      Hi Aashim,

      You can find out more about temporary resident loan options on this page but I’m unaware of any lenders that can offer business financing if you’re on a student visa. However, you may be eligible for a personal loan. If you’re looking to purchase property or already own property you may be eligible for a secured loan with a bank – you can find out some more information on this page.

      I hope this helps,

      Elizabeth

  9. Default Gravatar
    JHJune 13, 2016

    seeking an unsecured (start up) business loan of $60,000.00 over 6 years. The proposed business is the same type of business I have been establishing in shopping centers since 1984 (experienced) and have never defaulted.
    your thoughts?

    • Avatarfinder Customer Care
      ElizabethJune 14, 2016Staff

      Hi JH,

      The only lender we have available for comparison that will allow you to fund a new business venture is Max Funding – you can find out more about its loan here.

      Hope this helps,

      Elizabeth

  10. Default Gravatar
    SamApril 29, 2016

    Hi,

    I’m a new migrant on PR, wanting to buy land to build houses to sell. As I currently do not have a job, could you advise avenues that I can utilize to get loan to purchase the land and loan for construction too. Thanks

    • Avatarfinder Customer Care
      ElizabethMay 2, 2016Staff

      Hi Sam,

      The business loan available on this site are outlined on the page above, but the only one available for new businesses is Max Finance. You’ll need to get in contact with them directly regarding your current situation and eligibility.

      Hope this helps,

      Elizabeth

Ask a question
Go to site