Guide to finance at every business stage

From startup to stagnant

Getting your financing right is as crucial as any other aspect of running a business.

With the rise of peer-to-peer lending and digital banks, the business finance industry has never been more competitive, but it can still be difficult to secure the financing you need.

Use this guide to learn your business financing options, regardless of the type and size of your business.

Ways to use business financing

Upgrading or purchasing assets

Increasing stock levels

Funding marketing and advertising

Improving business infrastructure and technology

Expanding your workforce

Funding renovations


Things to keep in mind

Credit score. Both your personal credit history and business credit history can affect your chances of getting finance. It’s important to regularly keep track of your credit score and build a good credit history whenever possible. You can do this by making sure you meet any loan repayments on time.

Working out how much you need. Before you seek financing, it's crucial to understand how much your business needs and your ability to repay the loan. If you borrow more than you need, you may struggle to make repayments and pay more in interest and fees. Your business may even become over-leveraged.

Cash flow. Depending on the industry, your business may experience regular peaks and troughs in revenue. You can use business finance to help cover you in periods when cash flow may be an issue, but you should always have a plan for how you will pay it off.

Choosing the right financing option. You have a lot of choices when it comes to business finance. Read the guides below to work out which option may be right for your business.


Types of business finance

Compare business finance options below

Rates last updated January 17th, 2019
Name Product Min Loan Amount Max. Loan Amount Loan Term Application Fee Product Description
NAB QuickBiz Loan
$5,000
$100,000
1 to 3 years
$0
Apply for up to $100,000 and get a response within 60 seconds. No upfront or ongoing fees and a transparent fixed rate.
Lending Express Business Loans
$5,000
$500,000
0.25 to 2 years
$0
Apply online for up to $500,000 and get access to over 25 lenders through Lending Express.
Prospa Business Loan
$5,000
$250,000
0.25 to 2 years
$0
A business loan available up to $250,000 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.
Valiant Finance Business Loan Broker
$5,000
$1,000,000
0.25 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.
Moula Business Loan
$5,000
$250,000
0.5 to 2 years
$0
A loan of up to $250,000 that can be approved and funded within 24 hours. Available to businesses with 6+ months operating history and $5,000+ monthly sales.
Spotcap Loans
$10,000
$400,000
0.25 to 2 years
$0
Benefit from a fixed interest rate and no upfront fees with a loan available up to $400,000. Must have been operating for at least 18 months and have turnover over $200,000.
GetCapital Flexible Business Loan
$10,000
$500,000
0.5 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+
businessloans.com.au Flexible Business Loan
$5,000
$500,000
0.5 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.
OnDeck Business Loans
$10,000
$250,000
0.5 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.

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2 Responses

  1. Default Gravatar
    LorenzoAugust 18, 2017

    I need help finding finance for my Business .

    • finder Customer Care
      HaroldAugust 18, 2017Staff

      Hi Lorenzo,

      Thank you for your inquiry.

      Your business may be required 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 p.a. to $200,000+. Other lenders simply require you to connect your business’ accounting software or financials as part of the application process so it can calculate a loan your business can afford. The options here might be helpful.

      I hope this information has helped.

      Cheers,
      Harold

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