Working Capital Loan

With flexible repayment terms and an easy online application, you can get fast working capital for your business.

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With a working capital loan, you can get fast funding for your everyday business operations. Even if your business isn't making enough to cover operational expenses, you're still covered. This can be useful if your business experiences reduced activity or sales during certain times of the year.

Business loans you can apply for today

BOQ SME Recovery Loan Scheme Business Loan

BOQ SME Recovery Loan Scheme Business Loan

  • Government backed
  • No fees
  • General use
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100% confidential application

BOQ SME Recovery Loan Scheme Business Loan

This Australian Government backed business loan is designed to help your business recover from COVID19 lockdowns. Eligibility requirements apply.

  • Loan security: Secured
  • Upfront fee: No approval or administrative fees
  • Minimum loan amount: $20,000
  • Maximum loan amount: $5,000,000
  • Maximum loan term: 1 year
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1 - 15 of 17
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
BOQ SME Recovery Loan Scheme Business Loan
Up to 10 years
No approval or administrative fees
This loan only applies to businesses eligible under the SME Recovery Loan Scheme. An Australian Government backed business loan to help businesses recover from the Coronavirus pandemic.
Swoop Finance Business Loan
3 months to 30 years
Depending on your loan contract
Apply online and borrow between $18,000 and $90,000,000. Options for good and bad credit borrowers.
Zip Business Loan
6 months 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.
Westpac Business Loan
No maximum amount
1 to 30 years
Subject to Negotiation
Purchase a new vehicle, equipment or support your cash flow with a business finance solution from Westpac.
Heritage Bank Equipment Loan
Up to 5 years
This business loan is designed to buy new or used equipment and has borrowing amounts between $20,000 and $500,000. No monthly fees and the loan is secured against the assets purchased.
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. Note: Loans settled by 30 June 2022 are eligible for a no repayment period for the first 6 weeks of the loan.
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.
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.
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.
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.
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.
Westpac SME Recovery Loan
3 to 10 years
upon application
This loan only applies to businesses eligible under the SME Recovery Loan Scheme. An Australian Government backed business loan to help businesses recover from the Coronavirus pandemic. Borrow up to $5,000,000 over 1 years with this low interest rate loan.
NAB Business Recovery Loan
Up to 10 years
No approval or administrative fees
An Australian government backed loan with competitive rates to assist businesses after lockdowns. Borrow up to $5,000,000. Variable rates from 4.5% p.a. up to 3.95% p.a.
Prospa Business Loan
3 months to 3 years
3% 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. Note: Loans approved by 30 June 2022 are eligible for no repayments for the first 8 weeks of their term.
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 $100,000 up to $12,000,000.

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What is working capital finance and how does it work?

A working capital loan can provide funding to cover operational costs, helping you run your daily business activities. You can use the funds to cover cash flow gaps, pay bills and staff, purchase inventory or pay for marketing expenses. This type of finance is useful if your business has seasonal sales.

Loan terms are also short, ranging from a few months to 2 years. Repayments terms are also flexible, allowing you to tailor it to the ebbs and flows of your cash flow. These loans are also easy to apply for, with most applications online. They also feature fast turnaround times, and you could receive funding within 1 business day.

How much you can borrow will depend on the lender and your ability to repay the loan.

What are the pros and cons of working capital finance?


  • Quick and easy funding. These loans generally have easy applications and fast turnaround times. This means that you don't have to wait to get finance.
  • Unsecured options available. You can choose an unsecured option and not put up business or personal assets.
  • Match repayments with cash flow. This takes off the pressure of repayments when business is low.


  • Can be more expensive. The interest rate may be higher than for a standard business loan. The loan can also be risk-based, so interest rates will depend on your credit score. The better your score, the lower the rate and vice versa.
  • Short terms. Loan terms are generally short, so it may help you in the short run. But if you need finance again, you'll have to reapply or find a longer term solution. Additionally, if you borrow a large amount, short terms means large monthly repayments.

What should I consider before I apply?

Here are a few things you need to consider before you apply:

  • How much does the loan cost? As useful as the loan is, you also have to pay it back. Take into account the interest rate and also loan term. WIll you be able to pay back the loan and most importantly, can your business afford it?
  • How much do I need to borrow? Consider how much you need to borrow and borrow only what your business needs. You'll have to pay it back with interest, after all, and you may end up borrowing more than what you can afford.
  • Is it secured or unsecured? The loan can be either secured with an asset or unsecured. You could put up an asset and borrow more, or go for an unsecured option. Unsecured loans generally come with lower borrowing amounts.
  • Are repayments flexible? Make sure you check if the lender offers flexible repayment terms. This can help you manage repayments during the ebbs and flows of your business cashflow.
  • How does it compare against other options? There are other ways to get finance, including business overdrafts or invoice financing. Consider other options and look into how it compares. Are there cheaper, more flexible options?
  • How long do you need funding for? If you only need funding for a short period, this loan can be useful. But if you need long term funding, this loan is unsuitable.

Is my business eligible for a working capital loan?

The eligibility criteria will differ based on the lender. In general, you'll need to meet the following criteria:

  • Minimum income. You'll need to meet the lender's minimum income requirement to qualify. This can be a certain amount of monthly sales.
  • Age of business. Your business may need to be in operation for a certain amount of time. Some lenders may require your business to be in business for over 6 months, but it can range up to a year.
  • Active ABN or ACN. You'll need an active Australian Business or Company Number to apply.
  • GST registration. Your business also may need to be registered for GST.

Apart from this, as for all loans, your business will have to demonstrate it can repay the loan.

How can I apply for a working capital loan?

🤔 Work out how much you need to borrow and what you can afford. You can use a personal loan calculator to help you.
🔎 Start comparing lenders and loan products. Don't forget to compare interest rates, fees and eligibility criteria. You can use the comparison table on this page.
✅ Select a lender. Click "Go to Site" to be directed to the lender's page, or "More Info" if you want to read about the lender.
🖨️ Organise and prepare the required documentation. This will make the application process easier.
📱 Apply. Most lenders have their applications online.

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