Getting a business loan in Australia
Getting a business loan in Australia doesn't need to be complicated. Whether you're launching a new venture or managing growth, understanding what lenders want — and how to apply — can dramatically improve your approval chances.
At Funding Loop, we connect Australian businesses with 80+ lenders and help you find the right funding option without the usual stress or confusion.
What Is a Business Loan and How Does It Work?
A business loan is a financing product that gives your business access to capital for growth, cash flow, or operational needs. Repayments are typically weekly or monthly over a fixed term, and can be either secured or unsecured.
- Unsecured loans – Quick and flexible, no property required
- Secured loans – Lower rates, backed by property or assets
- Line of credit – Revolving credit, great for managing shortfalls
The right structure depends on your goals, turnover, and how quickly you need funds.
How to Qualify for a Business Loan in Australia
Lenders typically assess the following when reviewing your application:
- Trading history: Minimum 6–12 months in business
- Revenue: Consistent cash flow (usually $5,000+ monthly)
- ABN/ACN: Active Australian business registration
- Documents: Bank statements, BAS, or financial reports
Even if your credit isn’t perfect, many lenders focus more on real-time cash flow than historical credit files.
Step-by-Step: Getting a Business Loan
Step 1: Define Your Loan Purpose
Knowing what you need the money for helps determine the right product — working capital, debt consolidation, equipment, or tax obligations all require different structures.
Step 2: Gather Your Documents
Most lenders request 6–12 months of business bank statements. Having BAS, profit & loss reports, and identification ready speeds things up.
Step 3: Compare Lenders
Every lender has different criteria. Some approve faster, others offer better rates. Funding Loop does this comparison work for you — saving time and increasing your chances of success.
Step 4: Apply and Review Offers
You’ll receive tailored loan options. Choose the one that fits your needs and repayment comfort, not just the fastest approval.
Step 5: Accept and Get Funded
Most unsecured business loans fund within 1–3 business days. The sooner you’re prepared, the faster you get access to capital.
Cost Comparison Snapshot
| Loan Type | Term | Funding Speed | Docs Required | Typical Use Case |
|---|---|---|---|---|
| Unsecured Business Loan | 3–24 months | 24–48 hrs | Bank statements | ATO debt, working capital |
| Secured Business Loan | 12–60 months | 2–5 days | Financials + asset | Equipment, expansion |
| Line of Credit | Revolving | 3–5 days | Bank statements | Ongoing cash flow |
FAQs About Getting a Business Loan in Australia
Can I get a business loan with bad credit?
Yes. Many non-bank lenders assess your cash flow, not just your credit score. If you’re generating income, there are options.
How fast can I get approved?
Funding can be approved and paid out within 24–48 hours if documents are ready and the loan is unsecured.
Do I need to offer property security?
No. Unsecured loans don’t require property — although secured options usually offer lower rates for longer terms.
Apply for a Business Loan With Confidence
At Funding Loop, we take the guesswork out of business finance. Our marketplace model brings offers from trusted lenders directly to you — no pushy sales calls, no junk products.
Apply online in minutes and get matched to real lenders who actually want to work with your business.
- Funding Loop
