Guide to loans for high-growth businesses

Is your business growing more quickly than you can keep up with? This is your guide to the specific funding your business might need.

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Business borrowing guide stage 3

Being in a stage of high growth is the aim of every business owner, but it can also make business operations more difficult. High-growth businesses still encounter cash flow issues and have new needs for expansion and hiring. If you don't want to put a strain on unpredictable cash flow, there are financing options you can consider.

What is a "high-growth" business?

A high-growth business is a business of any size that is in a period of rapid growth. This type of business usually has a few employees and is past its initial stages, which are usually marked with high costs and uncertain profits. High-growth businesses can also be larger companies that are experiencing growth after restructuring or launching a new product or service.

What funding requirements will a business experiencing high growth need?

Businesses in this stage of growth have very specific funding needs:

  • Flexibility. Businesses in rapid growth stages rely on flexibility to continue growing. This includes flexibility in the funding they choose.
  • Variable loan amounts. While a high-growth business might need $10,000 today, they might need $50,000 tomorrow. Opportunities for large orders and expansions occur quickly, and these businesses rely on being able to change their funding needs.
  • Tailored repayments. What works for a start-up business may not work for a business that is growing quickly. Tailored repayments help keep cash flow fluctuations manageable and put less of a strain on businesses.

Compare the business loans below

Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Swoop Finance Business Loan
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
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.
Moula Business Loan
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.
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.
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.
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.
Valiant Finance Business Loan Broker
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.
OnDeck Business Loans
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.
Heritage Bank Fully Drawn Business Loan
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.
Capify Unsecured Business Loan
3 to 13 months
3% origination fee
An unsecured business loan up to $300,000 for eligible businesses. Businesses operating for a minimum of 6 months and having turnover of at least $10,000 a month can apply.
Octet Trade Finance
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.
Prospa Business Loan
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 Secured Business Loan
Up to 15 years
Benefit from a low rate when you secure this loan with property and/or business assets. Loans from $10,000 available.
ANZ Unsecured Business Loan
Up to 15 years
Apply for a loan from $10,000 with no security required and benefit from flexible repayment terms.
Westpac Business Loan
1 to 30 years
$0 application fee
Purchase a new vehicle, equipment or support your cash flow with a business finance solution from Westpac.

Compare up to 4 providers

The types of finance that are available

Lenders prefer businesses that can demonstrate they're able to repay the loan, so if your business is in a high-growth phase you are in a good position to borrow. There are a range of financing options available so it's important to review your options and find the one that best fits your needs.

Loan typeLoan amountRepaymentsFeatures
Line of credit$10,000–$1,000,000Make the minimum, regular repayments on your outstanding balance
  • Allows for a flexible borrowing amount
  • Generous loan terms (usually up to 25 years)
Term loan$10,000–$500,000Regular repayments based on a fixed or variable interest rate or a factor rate
  • Regular, automatic repayments
Business overdraft$10,000–$100,000,000Make the minimum repayment on your outstanding balance
  • Only pay for the funds you use
  • Attached to your business bank account
Equipment loansCost of the equipmentRegular repayments based on a fixed or variable interest rate
  • Lease and loan options are available
  • Gets you quick access to equipment without using cash reserves
Credit cards$500-unlimitedPay the minimum balance, or pay the entire balance if it's a charge card
  • High credit limits
  • Only use as much as you need
  • Earn reward points and other perks
Invoice financing80% of the invoice amountPay fees to receive the loan
  • Reduce waiting time for invoices to be paid
  • Invoice financing can be confidential

Compare invoice financing products

Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Waddle Invoice Finance
From 1 month
Apply to borrow up to $4 million against your unpaid invoices and receive your approved funds within 48 hours. Note: Only available to incorporated companies.
Timelio Invoice Finance
Up to 4 months
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
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
1 to 3 months
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
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
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
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.

Compare up to 4 providers

Useful guides for high-growth businesses

How to compare high-growth business loan options

  • When you will receive the funds. If your business is experiencing high growth, chances are you need the funds quickly. Many business lenders can provide funds within 24 hours, but some may take longer. Find out when you can expect to receive it.
  • How much you can apply for. Loan amounts differ between lenders. Some might offer a maximum of $50,000 while others will offer more. Ensure the lenders you are comparing are offering the amount of money you need.
  • How flexible is the loan? Can you repay the funds early without penalty? Can you top-up your loan? When will your business be required to make repayments? Make sure the loan is as flexible as you need it to be.
  • Is there a fixed term? This depends on the type of loan you're looking for. Fixed term loans will mean your ongoing repayments pay back the loan at the end of the term, but a non-fixed term loan, such as a line of credit or overdraft, will be more flexible with topping up the loan.
  • How is interest charged? Will interest be calculated on the principal or on how much you have left to repay? Will the rate be fixed or variable? This has a huge impact on the cost of your repayments so make sure you check this.

Will my business be eligible?

LenderTime in operationAnnual turnoverOther minimum criteriaFind out more
Banjo2 years$500,000
  • Be a registered Australian business or an Australian citizen or permanent resident
  • Directors have a Equifax Score greater than 510
Bigstone9 months$250,000
  • Be an Australian company or trustee
  • Have more than one employee
Business Fuel Loans1 year$120,000
  • 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
Capify6 months$120,000
  • Accept credit card/EFTPOS sales if applying for the merchant cash advance
  • Be able to provide merchant/bank statements for the last four to six months
GetCapital9 months$120,000
  • Be using the loan for 100% business purposes
Kikka Capital12 months$120,000
  • Be an Australian sole trader, partnership, business, company or trust
NAB12 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
Max Funding6 months$72,000
  • If you cannot meet the turnover and operating time criteria, you need to own an asset
Merchant Cash12 months$60,000
  • Have property or a vehicle to use as security if you need a term longer than 12 months
Moula12 months$60,000
  • Have a fair credit history
OnDeck12 months$100,000
  • Currently operating in Australia
  • Not be operating in a restricted industry (check OnDeck's website)
  • Your business will be evaluated on its viability using the ProspaScore
Spotcap12 months$100,000
  • Have an online Australian bank account
  • Are registered in Australia
  • Have online accounting software or financial documents for the last two years
  • Be a corporate SME
  • Be borrowing to grow the business
  • Start-up companies must have industry-experienced directors and have a tangible net asset position

How much the loan will cost

Each lender will set different interest rates and fees for your loan. Keep an eye out for the following:

  • Interest rate. If the loan type you choose charges an interest rate, you need to check whether it is fixed or variable. It may also be a factor rate, which is expressed as a decimal figure and doesn't compound.
  • Upfront fees. You may be charged an establishment fee or application fee. These will be added onto your loan amount and you don't need to pay these unless you are approved and sign the loan contract.
  • Ongoing fees. Monthly and annual fees are common with business loans, so remember to incorporate these into the overall cost of your loan to see how much your repayments could be.
  • Other fees. You may be charged for making additional repayments or repaying your loan early, there could be a documentation fee, a direct deposit fee or a fee for topping up your loan.

Questions to ask before applying for a loan

How will the repayments affect your business cash flow?

By answering this question you can find out how manageable the loan payments will be and if you should adjust the amount you are borrowing or the term.

Is your ability to repay the loan based on your current level of growth?

It's easy for a business to stagnate, so if you're relying on your increasing cash flow to repay the loan, you need to consider how reliable those projections are.

How is your credit position?

Have you checked your business credit score or credit file? It will give you an idea of your financial stability as well as the likelihood of your business being approved.

Do you have property or a vehicle to use as security?

Many lenders give more competitive rates or terms for secured loans, and you may increase your chances of being approved if you offer an asset.

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