Compare ecommerce business loans

Thanks to an explosion of ecommerce sites, it's never been easier to quit your day job to make a living selling custom T-shirts or whatever strikes your fancy. However, given the balancing act that is small business cash flow, you may find yourself in need of a business loan to help cover revenue gaps or to fill orders. This guide will take you through your options.

How do ecommerce business loans work?

An ecommerce loan is a type of financing for small online retailers. Because online lenders tend not to hold physical assets, such as retail stores, these loans are generally unsecured and are available for amounts less than $500,000. They can come as a lump-sum payment or as a line of credit.

What kinds of loans are available to ecommerce businesses?

The first step to finding a loan is learning about the options that are available for a unique business like yours.

• Unsecured business loan. This is a loan that delivers funds to you as a lump-sum payment and requires you to repay them over a set term. You will usually have two years to repay the loan and you can generally borrow between $5,000 and $500,000. Compare unsecured business loans using the table on this page.
• Lines of credit. If you want funds to support your cash flow or are not sure how much you will need and when, a line of credit may be an option to consider. These loans give you a total credit limit that you can draw on when you need. You only repay what you borrow and you are only charged for what you use.
• Business credit card. You can also consider a small business credit card to support your online business. This is a good option if you have expenses to manage across multiple team members or you are looking to take advantage of business rewards programs. Remember that charge cards require you to pay the entire amount back in full at the end of the statement period so ensure this will work for your business's budget.

Online business loans you can apply for today

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Name	Product	Min. Loan Amount	Max. Loan Amount	Loan Term	Upfront Fee	Filter Values
Moula Business Loan		$5,000	$250,000	1 to 2 years	2% Establishment fee		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.	Go to site More Info	Compare	loading Fetching your data...
Zip Business		$10,000	$500,000	6 months to 3 years	No Establishment fee		Borrow up to $500,000 with loan terms of up to 3 years. Flexible weekly, fortnightly and monthly repayment options available with no early repayment fees.	Go to site More Info	Compare	loading Fetching your data...
ebroker Business Loan		$5,000	$5,000,000	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.	Enquire now	Compare	loading Fetching your data...
Lumi Unsecured Business Loan		$5,000	$300,000	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.	Go to site More Info	Compare	loading Fetching your data...
Max Funding Unsecured Business Loan		$3,000	$30,000	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.	Go to site More Info	Compare	loading Fetching your data...
Valiant Finance Business Loan Broker		$5,000	$1,000,000	3 months to 5 years	$0 application fee		A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 70 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.	Enquire now	Compare	loading Fetching your data...
Octet Trade Finance		$200,000	$8,000,000	1 month to 2 years	Transaction fee 2.5%		Access a line of credit to pay suppliers in over 65 countries. Borrow from $200,000 up to $7 million.	Go to site More Info	Compare	loading Fetching your data...
OnDeck Business Loans		$10,000	$250,000	6 months to 2 years	3% of loan amount		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.	Go to site More Info	Compare	loading Fetching your data...
Heritage Bank Fully Drawn Business Loan		$20,000	No maximum amount	1 to 25 years	Application fee is available upon application		Get access to a loan from $20,000 with no maximum limit with Heritage Bank. Loans can be secured by residential and non-residential property and have terms of up to 25 years.	Go to site More Info	Compare	loading Fetching your data...
Prospa Business Loan		$5,000	$300,000	3 months to 3 years	3% origination fee		Small business loans are available from $5,000 - $300,000 on terms of up to 3 years. At least six months trading history and a monthly turnover from $6,000 is necessary.	Go to site More Info	Compare	loading Fetching your data...
Westpac Business Loan		$20,000	$1,000,000	1 to 30 years	$0 application fee		Purchase a new vehicle, equipment or support your cash flow with a business finance solution from Westpac.	Enquire now	Compare	loading Fetching your data...
ANZ Secured Business Loan		$10,000	$10,000,000	Up to 15 years	$600		Benefit from a low rate when you secure this loan with property and/or business assets. Loans from $10,000 available.	Enquire now	Compare	loading Fetching your data...
ANZ Unsecured Business Loan		$10,000	$1,000,000	Up to 15 years	$600		Apply for a loan from $10,000 with no security required and benefit from flexible repayment terms.	Enquire now	Compare	loading Fetching your data...

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How do I compare options for ecommerce business loans?

There are a few things to keep in mind when finding the right ecommerce business loan for you:

• Repayment amount. Consider the interest rate and fees to see how much your ongoing repayments will be. Look at this in terms of your past sales and see if these will be affordable.
• Repayment flexibility. Are the repayments flexible? Are you able to repay the loan ahead of schedule or change your repayment amounts?
• Loan amount. Make sure you are able to borrow as much as you need – no more, no less. There is no need to take out additional funds that may make the loan unaffordable or to end up with a loan that is insufficient for your needs.
• Loan type. Is the loan you're opting for a line of credit or a term loan and will it suit your needs?

What do I need to apply?

The documents you'll need vary depending on the lender and loan you're applying for, but you'll likely need to provide the following:

• Your business's financial records including monthly revenue and expenses
• You may need to attach your business accounting software as part of the application
• Your personal information including contact details and business ownership verification

Are there other ways to fund my ecommerce business?

Yes. Business loans are a common way to finance ecommerce businesses, but they aren't your only option. Here are some alternatives:

• Investors. Get funding in exchange for ownership of a percentage of your business from venture capitalists, angel investors or investment corporations.
• Crowdfunding. Set up a page on a crowdfunding campaign to collect donations from your social circle and fans of your business.
• Friends or family. You probably won't have to pay interest or fees when borrowing money from a wealthy acquaintance or relative — but you risk serious social consequences if you can't pay them back.
• Personal loans. Consider taking out a personal loan to fund minor business expenses. This could be an option to consider for a business that doesn't meet the age or revenue requirements for a business loan.

Compare business loans now

Have more questions?

• Will I have to put up security for my ecommerce loan?

  You might, depending on the type of loan you take out. You will be able to borrow more and you will have more loan options if you have residential or commercial security to use for a secured business loan, but if you don't, there are still unsecured business loans available.

• What happens if I can't repay my loan?

  If you can no longer make payments on your loan, call your loan provider as soon as possible. You might be able to work out an adjusted repayment plan.

• Can I get an ecommerce loan when my business is struggling?

  You can, but it's not usually a good idea. Aside from running into trouble qualifying for a loan, if you can't make your payments on time, you'll pay any number of fees — and potentially dig your business into a hole of debt.