In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.
TruePillars Business Loan
Upfront Fee
from 4% Establishment fee
Max. Loan Amount
Loan Term
1 to 5 years


Get a business loan of $30,000 up to $250,000. Loan terms are short, from 1 year to 5 years, and interest rates are personalised.

TruePillars is a marketplace lending platform that connects approved investors to borrowers. Upon application, your business will be given a risk rating based on the information provided. This risk rating will determine the interest rate you’ll be charged varies from 8% p.a. and 24% p.a. The online enquire form takes less than 5 minutes to complete, after which you will receive a follow up call which will take around 30 minutes. Loan auctions take between 4 to 7 days. This loan comes with an establishment fee of 4% to 6% of the loan amount. There are no ongoing fees. Loan terms are relatively short, ranging from 1 year to 5 years.

In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question


Product details

Product Name TruePillars Business Loan
Min. Loan Amount $30,000
Max. Loan Amount $250,000
Loan Security Secured
Upfront Fee from 4% Establishment fee
Loan Term 1 to 5 years

How does the TruePillars Business Loan work?

TruePillars rates your application with a risk assessment, which is used to calculate the interest due on repayments. Investors also see a summary of your business profile, including information about turnover, operating costs and assets.

During the loan auction period, which lasts 4 - 7 days, investors bid to finance units of your loan until the amount is fully funded. Once the auction ends, you can sign off on the loan and the money will be transferred into your account as early as the next business day. You do not have to commit to the loan until the conclusion of the loan auction. If you're unsure, you will have 2 further business days to consider your decision. If you decide not to proceed, no fees will be payable.

Repayments are made monthly over a maximum loan period of 5 years.

Features of a business loan from TruePillars

If you're interested in securing finance on the TruePillars marketplace lending platform, here are some of the features available:

  • Transparent application process. You can complete an online enquiry form in less than 5 minutes. After your enquiry, TruePillars will follow up with a call to find out whether the loan is a good fit for your business. This call will last around 30 minutes.
  • Quick auction process. The loan auction lasts between 4 and 7 days and, once funded, your loan is available just one business day after the auction completes.
  • On your terms. If you do not like the terms of the loan upon conclusion of the auction, you have 2 days to decide not to proceed further, and no fees will be payable.
  • Anonymous. Investors only see a summary of your business profile on the lending marketplace. TruePillars doesn't disclose your name or your business's name to investors.
  • Loan amounts. You can apply for loans of between $30,000 and $250,000 to be repaid over 1 to 5 years.
  • Loan purpose. This loan can be used for any business-related purpose.
  • Risk rating. Once you submit an application, TruePillars gives your business a risk rating based on the information provided. This gives investors an idea of your business's financial health and the interest rate you should be paying.
  • Fixed interest. Once your loan is funded and you accept its terms, the interest rate is fixed for the loan period.
  • Early repayments. While you can't make early partial repayments, you can repay your loan in full (including outstanding interest) before the end of the loan term. No fees are charged.
  • Security. In some cases, TruePillars will require security as part of your application. This could be a personal guarantee from another party or a security deed over some or all your business's assets. Property is not required as security.

How much does the loan cost?

If TruePillars approves your application and posts it on the platform, you will be liable for the following fees:

  • Establishment fee. This is charged as a percentage of the loan amount, varying between 4% and 6% based on the loan term.
  • Interest. In addition to repaying the principal, you will also be charged interest due with each repayment.

How to apply for a business loan from TruePillars business

You can apply for a TruePillars Business Loan conveniently online. It takes about half an hour to complete the form. You can also call the customer service line if you'd like more information about the loan.

You'll need to meet the following criteria to be eligible for a loan:

  • Your business must be at least two years old.
  • Annual turnover must be a minimum of $100,000.
  • Your business must be recognised as a company, an unincorporated partnership or a sole trader.

Documents can be uploaded along with the application, so it's a good idea to have electronic copies available. These will include:

  • Financial statements
  • Tax returns
  • Information about assets and liabilities

While signing up for marketplace lending is an interesting alternative, it's still important to compare options from other lenders, even traditional ones. You may not know your investors, but agreeing to loan terms still implies a financial commitment.

Business lenders you can compare

Whilst we don't compare the TruePillars Business Loan directly, use the table below to see how they compare against other loans.

Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Lumi Unsecured Business Loan
3 months to 3 years
2.5% establishment fee
Apply for up to $300,000 from Lumi and benefit from short loan terms, no early repayment fees and once approved receive your funds in just one business day.
Valiant Finance Business Loan Broker
3 months to 7 years
$0 application fee
A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 80 lenders. Loans between $5,000 and $20 million are available. Request a call – your loan can be funded in 1 business day.
ebroker Business Loan
1 month to 30 years
$0 application fee
Small business loans available between $5,000 and $5,000,000. Get access to 70+ non-bank lenders on this independent platform.
ScotPac Boost Business Loan
3 months to 3 years
$0 application fee
A business loan for any industry. Borrow between $10,000 and $500,000, with approved loans funded within 24 hours. Minimum monthly turnover of $10,000 and 1 year of trading history required.
Max Funding Unsecured Business Loan
1 month to 1 year
$0 application fee
An unsecured business loan from $3,000 that offers convenient pre-approval and no early repayment fees.
Prospa Business Loan
3 months to 3 years
3.5% origination fee
Small business loans are available from $5,000 - $500,000 on terms of up to 3 years. At least six months trading history and a monthly turnover from $5,000 is necessary.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question

Elizabeth Finder

Lead Editor

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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
Accept and continue

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 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site