Loans for Established Businesses

How to find financing when your business has cemented its position.

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Business borrowing guide stage 4

It's not only startups that need financing. If you've worked hard to establish your business and have had the ball rolling for some time, you still might find periods where cash flow fluctuates or times when you need to make a purchase or investment to increase your profits. This guide is for finding the right financing for those needs.

How do you define an "established" business?

Established businesses are well past the startup phase and have found a position for themselves in the market. These businesses have an existing customer base and are earning a profit that has allowed them to expand their operations. The product or service these businesses offer has been tested and is in demand in the market.

Common funding needs for established business

Established businesses have different funding needs to startups. These businesses are already earning a profit, so the funds they're looking for are usually to fund a new venture, invest in expanding their operations or ease cash flow fluctuations.

  • Cash flow. Each business has cash flow challenges at one time or another, and depending on the nature of the business, established businesses can go through periods of big fluctuations that affect their profitability.
  • Investing. The investment could be to refurbish your office space, develop a new product or expand your marketing activities. Established businesses need to be able to grow just as much as startups, and financing can help businesses achieve this.
  • Expanding. If the business is growing, owners might need funds to hire new staff, purchase new equipment or move to a new business location. Business expansion funds can also be used to purchase an additional storefront location.

Compare the established business loans below

Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Swoop Finance Business Loan
$1,000
$100,000,000
1 to 20 years
Depending on your loan contract
Apply online and borrow between $1,000 and $100,000,000. Options for good and bad credit borrowers.
Zip Business Loan
$10,000
$500,000
Up to 5 years
No establishment fee
Borrow up to $500,000 with loan terms of up to 5 years. Flexible weekly, fortnightly and monthly repayment options available with no early repayment fees.
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.
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.
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.
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.
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.
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.
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.
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.
Octet Trade Finance
$100,000
$7,000,000
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.
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.
Westpac Business Loan
$20,000
$3,000,000
1 to 30 years
$0 application fee
Purchase a new vehicle, equipment or support your cash flow with a business finance solution from Westpac.
BOQ Business Term Loan
$10,000
$100,000,000
1 to 30 years
0.75% application fee
Borrow from $10,000 with multiple repayment options including optional fixed rate periods.
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Compare up to 4 providers

If your business has a few outstanding invoices, invoice financing can help manage your cash flow. It's a type of business loan that is secured by the unpaid invoices and comes with reduced risk, no asset requirements or interest payments.

Compare invoice financing products below.

Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Waddle Invoice Finance
$10,000
$4,000,000
From 1 month
$0
Apply to borrow up to $4 million against your unpaid invoices and receive your approved funds within 48 hours.
Timelio Invoice Finance
$10,000
$100,000,000
Up to 4 months
$0
Get up to 100% of the value of your invoices without having to wait for customer payments, and with no minimum turnover or operating history required.
ScotPac Invoice Finance
$10,000
$150,000,000
From 1 year
No set amount
Improve your business cash flow by financing your outstanding invoices. No minimum trading history required, but minimum 12 - month term and $10,000 in invoices.
ScotPac Selective Invoice Finance
$10,000
$1,000,000
1 to 3 months
$500
Finance your unpaid invoices on demand with terms of 1 - 3 months. 95% of invoice is paid upfront, with no minimum trading history required.
Earlypay Invoice Finance
$50,000
$15,000,000
From 1 month
No set amount
Access a revolving line of credit that grows in line with your accounts receivable. Funding available from $50,000 to $15,000,000+.
Octet Invoice Finance
$100,000
$10,000,000
1 month to 2 years
No Set Amount
Convert up to 85% of your company's receivables into cash flow. The value of your receivables need to be worth at least $250,000 to be eligible.
Earlypay Trade Finance
$20,000
$15,000,000
1 month to 15 years
No set amount
Get finance for 100% of your outstanding supplier invoices. Borrow from $20,000 to $15,000,000 with Earlypay.
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Compare up to 4 providers

What types of finance are available for established business loans?

There are three main types of financing that an established business can consider using: debt finance, equity finance or funding from internal funds (business profits).

FeatureDebt financeEquity financeInternal funds
Where to find it
  • Banks
  • Credit unions
  • Alternative business lenders
  • Angel investors
  • Family and friends
  • Venture capitalists
  • Public float
  • Business cash flow and profits
How much you can borrow$1,000 to $1,000,000However much the business can raiseDepends on business profitability
What happensYou pay the debt back over the loan term with fees and interestThe financiers may hold part of your business or get a say in decision-makingYour business cash flow will be affected
Pros
  • You don't give up control in the business
  • Established businesses are more likely to meet eligibility criteria
  • There's a range of loan types available
  • You may be able to raise higher amounts than debt finance
  • You don't need to repay the funds
  • Your business doesn't take on debts
  • Investors may provide strategic benefits
  • You don't give up any control in the business
  • You don't need to repay the funds
  • Your business doesn't take on debts
Cons
  • You may need to provide security for the loan
  • Business profits need to be used to repay the debt
  • Finding equity finance can be a slow and difficult process
  • You may be required to give up some control of the business
  • You may have conflicts with investors
  • You may not get the funding you require
  • This will affect your business cash flow
  • If you experience a downturn you will not have the same level of cash to fall back on

How to compare business loans

There is a range of business loan types to compare, and it's important to compare them and find the right one for you. Use the points below to guide your comparison:

  • Does it have a fixed term? Fixed term loans are a great option if you only want to borrow a lump sum and want to make regular repayments. If you aren't 100% sure on how much you need to borrow, a line of credit might be more suitable.
  • How much will your repayments be? Business loan interest rates are calculated in a few ways. Find out how the lender will calculate your rate and also what ongoing costs apply to determine your repayments. This will help you compare a loan's competitiveness.
  • What loan amounts are available? Lenders usually have a set minimum and maximum amount. Make sure the loan you need is within that range.
  • How quickly will you receive funding? Depending on why your business needs the loan, you may require funding by a certain time or date. Most new alternative lenders can give you funds in 24 hours, while banks usually take longer.

Is my business eligible for a loan?

Each lender will have its own set of criteria that will determine your business's eligibility for a loan. While lenders use the various details included on your application to work out if your business can afford the loan, it also has minimum criteria. Here are the criteria your business needs to meet with the following lenders:

LenderEligibility criteriaFind out more
Banjo
  • Be a registered Australian business or an Australian citizen or permanent resident
  • Have been operating for two years
  • Have a minimum annual turnover of $500,000
  • Directors have a Equifax Score greater than 510
More
Bigstone
  • Be an Australian company or trustee
  • Have more than one employee
  • Be operating for at least 9 months
  • Make at least $250,000 in revenue
More
Business Fuel
  • Have been operating for at least one year
  • Have been trading in the same location for one year
  • Make at least $10,000 per month in total sales
  • You have 12 months left on your lease and the rent is up to date
More
Capify
  • Have been operating for at least six months
  • Have a minimum turnover of $10,000 per month
More
GetCapital
  • Have been trading for at least nine months
  • Make $10,000 in sales per month
More
Kikka Capital
  • Be an Australian sole trader, partnership, business, company or trust
  • Have an ABN that's been registered for at least 12 months
  • Have a monthly turnover of $10,000
More
NAB
  • Have been operating for at least 12 months
  • Be a sole trader, a partnership with up to two partners or a company with up to two directors
  • Have a valid ABN
  • Be at least 18 years old and an Australian citizen or permanent resident
  • Have an Australian business and residential address
More
MaxFunding
  • Own an asset OR
  • Be trading for at least six months AND
  • Have stable monthly turnover of $6,000
More
Merchant Cash
  • Have been trading for at least 12 months
  • Make at least $5,000 in monthly sales
More
Moula
  • Have been operating for at least 12 months
  • Have a fair credit history
  • Make monthly sales of at least $5,000
More
OnDeck
  • Have been operating for at least 12 months
  • Currently be operating in Australia
  • Have had an annual revenue of at least $100,000 in the past 12 months
  • Not be operating in a restricted industry (check OnDeck's website)
More
Prospa
  • Your business will be evaluated on its viability using the ProspaScore
More
SpotCap
  • Have been operating for at least 12 months
  • Have made at least $100,000 yearly revenue
More
ThinCats
  • Be a corporate SME
  • Be borrowing to grow the business
  • Startup companies must have industry-experienced directors and have a tangible net asset position
More

What fees and rates should I expect?

Each business loan product will come with a separate set of fees and a different type of interest rate. Here are some costs to watch out for:

  • Interest rate. The rate may be structured as a standard rate, that is, charged on your outstanding balance, or it could be a factor rate, which is a decimal figure that's charged on your principal and doesn't compound. Check whether the rate is fixed or variable, as well.
  • Upfront costs. See whether you will be charged an application or establishment fee, which will likely be a few hundred dollars.
  • Ongoing fees. These can be daily, monthly or annual fees and are charged as a cost for servicing the loan.
  • Late and default fees. If you fail to make a repayment on time, your direct deposit fails or you default on the loan, you will be charged a fee.
  • Other fees. See if you will be charged to repay the loan early, make additional repayments, top-up the loan or redraw additional payments.

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