Funding possible up to $500k

Past bad credit history ok!

Secured and Unsecured options available

Loan term between 3-36 months


What is a Bad Credit Business Loan?

Bad Credit Business Loans are business finance specifically designed for businesses and business owners with a low credit score or history of defaults. These loans are usually short-term and can often come with higher interest rates compared to other finance options.

We recognise that running a business is a difficult endeavour. It’s not rare that business owners have more delinquent entries in their credit files than non-business owners, and there may have been uncontrollable occurrences in the past that have resulted in a business’s credit being less than perfect.

Having a bad credit score makes it extremely hard to get a fair loan from the bank. However, sometimes a loan is necessary to keep the business running, and a bad credit score does not mean that you will never get a loan every again.

Here at Broc Finance, we welcome business owners with less than perfect credit scores. We are dedicated to helping them to get out of their struggle by offering a solution to this issue with our Bad Credit Business Loans.

Generally, to be eligible for a Bad Credit Business loan, you need to

  • Have an active ABN
  • Operate for more than 6 months
  • Have monthly turnover > $5K

To begin a loan application, you need to start off by thinking about how much loan amount you need to fulfil the purpose you had in mind.

Our loan guide

Bad Credit Business Loans

Loan amount

$5k- $500k

Interest rates from

15.99% p.a.

Loan term

3-36 months

Pre-approval time

2-4 hours

Unconditional approval & settlement time

24-72 hours




Depends on the loan amount.

What you need to know

Can be used for

Buying stock/Inventory

Paying wages/rent

Expansion into branches or another unit

Renovating business premises

Other working capital needs

Documents required (low doc approval)

Last 6 months bank statements

Valid identification proof

Documents required (full doc approval)

Financial statements

ATO statement

*The information provided in critical information sheet is intended as a guide only. Please contact us for more information.

Most Popular bad credit loans

The below are the most popular loans which a business can obtain with a bad credit history.

What you should know about Bad Credit Business Loan

Have questions? Speak to our experts!

Things to keep in mind before applying for a Bad Credit Business Loan

There are a few important things that one should always avoid while applying for a bad credit business loan to avoid unwanted delays in the loan approval process.

  • Randomly applying with multiple lenders
  • Not applying honestly
  • Excessive borrowing
  • Applying in quick succession.
  • Allowing multiple credit checks

To avoid any unwanted outcomes, we work with our customers to find the best-suited loan for their businesses and help them avoid these mistakes. Simply complete the application form or send us a message and one of our lending specialists will be in touch to discuss your financing requirement.

What are the pros and cons of taking a Bad Credit Business Loan?


Bad Credit Business loans can be approved and funded within 48 hours compared to lengthy bank Loans application.

Low Doc Approval: You can get a bad credit business loan based on the last 6 months bank statements and Identification proof.

Collateral isn’t always required. Although a secured loan may give you a better loan term.

You can rebuild your credit history by regularly making on-time repayments.


The interest rate may be higher compared to other finance options.

Some lenders may require you to put up an asset to reduce their risks.

How much Bad Credit Business Loan can I borrow?

Without a good credit history to rely on, lenders have to emphasise the other factors when determining the loan amount:

Financial strength
If the Bad Credit Business Loan is unsecured, lenders will emphasise the strength of the business’s cash flow and its ability to service the loan when considering the loan amount. A higher average monthly revenue can provide you access to greater loan amounts.

Time in business
To lenders, “time in business” could be evaluated as a factor of the momentum in the business. Usually, lenders assume businesses that have been operating for more than a year are more likely to take on more debt obligations. It just means that new businesses might not be able to borrow as much as established businesses. As time passes with on-time repayments being made, your loan capacity will gradually increase.

The amount of Bad Credit Business loan that is approved may differ based on the industry that a business operates in. This is because every industry has different methods of collecting payments from their customers. If your business is mainly selling products directly to end-users (B2C), you may collect payments in cash or credit card, which provides you with an immediate source of revenue, which is usually favoured by lenders.

On the other hand, if your business mainly makes commercial transactions with other businesses (B2B) where invoices are often used, the delayed payments may be seen as a risk by lenders, which could impact the loan amount you can borrow.

Quality of Accounts Receivable
This factor represents the likelihood that the cash flows that are owed to a company in the form of receivables are going to be collected. If your business debtors have been paying you on time, you are likely to be able to secure a higher amount of loan.

Value of security
If you are planning to pledge an asset to apply for a bad credit business loan, you can easily secure up to 75-80% of loan to value of the security pledged. These assets can include vehicles, appliances, business equipment, etc.

With all being said, please do not let the factors discussed above intimidate you to reach out to us. Broc Finance believes every company has unique strengths on its own and we are here to help you to present them effectively to the lenders so that you secure the business loan you need.

What documents are required to apply for a Bad Credit Business loan?

Low Doc

Generally, bad credit business loans up to $150k can be approved with basis low documentation.

  • Last 6 months bank statements.
  • Valid identification proof.

Full Doc (addition to low doc)

  • Financial statements
  • ATO statements
  • BAS statements

Ways to Improve your credit rating

It’s important to start taking steps to boost your credit score. Here are some tips that you can do to achieve that:

If you place enquiries with multiple lenders, there’s a high chance that the lenders would run a credit check on your file prior to assessing your file and in case your application is declined, the credit check would leave an impression on your while which may adversely impact your credit score.

Utilities such as gas and electricity are included, as are rent or mortgage payments in the credit file, so ensure to make all the payments on time.

If you happened to struggle to meet your repayment terms, please speak to your lender so they might be able to help you by putting you on a payment plan and get through the slower periods rather than allowing payment reversals and eventually listing default on your credit file.

How to apply for a Bad Credit Business Loan?


Check your eligibility

Check the basic loan eligibility of your business and complete the application form which takes 60 seconds.



Submit your application

Once you complete your application form. We get in touch to discuss your business requirement and advice the documents required.



Get you approved as quick as 24 hrs

Once we get all the documents required, we login your application with the most suited lender and get the loan approval in as low as 24 hours.


Get pre-approved without any credit checks!

Success Stories...

Our customers that were just like you!

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Customers that reached new heights with our support

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Secured business loan (caveat)

Entertainment Industry

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Unsecured business loan

Medical Industry

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Unsecured business loan

Software & IT Services Industry

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Real results with real people.

Niteesha Nagowah

Niteesha Nagowah

We had an incredible experience working with Saroj from Broc Finance. He is incredibly knowledgeable, responsive, and guided us through the purchase of our company vehicle with expertise. The attention to detail and commitment to finding the best possible options truly set him apart. Highly recommend his services for anyone navigating the complexities of obtaining a finance. Thank you again for outstanding assistance.
Manpreet Kaur

Manpreet Kaur

Our sincere thanks to Saroj ji & his team for their invaluable assistance in securing the loan. We are extremely greatful for his exceptional service & support throughout the process. Highly recommend!
vishal srivastava

vishal srivastava

We have used Broc Finance over last 2 years for various business line of credits and vehicle loan. Broc finance have been very professional in this journey. They have understood our needs as business and catered the solutions as per requirement . They look around in market and get one the best financial solution for the business be at vehicle of line of credits . I would strongly recommend the business for there services


Broc Finance were awesome…really responsive and solutions focussed. We especially appreciated having a broker who was an advocate for our interests when engaging with lenders.
Ibrahim Alpay

Ibrahim Alpay

Saroj and his team is amazing have been using him for business funding for over a year he has found surprising solutions when others couldn’t make it happen very skill full with negotiating high loan amounts that I would never expect at wonderful terms and rates look no further I recommend broc finance for your business lending purposes look no further and don’t think twice much appreciated won’t go to any other broker at all many thanks to his team !!!!!!
Nasir sabiry

Nasir sabiry

Thank you very much in helping me with financing a car SAS. You have been very professional and responsive every time I needed information. Fully recommend to any looking to finance a car.
Ajay Kanumuri

Ajay Kanumuri

I would strongly recommend. Saroj Shah helped to get my loan with in span of three days. He was very supportive and clearly explained the loan process.
Scott Filby

Scott Filby

Excellent experience with the service of Saroj! He did all the hard work and helped me find what I required. Saroj offered excellent suggestions and went the extra mile with his advice, which won my respect and helped in achieving the outcome required.

Have questions? Talk to a specialist!


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Frequently asked questions

With the advent of technology, the loan application has become simple and paperless without any hassle to take any printouts. All you need is to submit some basic details related to your business by completing the online application form and last 6 months bank statement of your business through a secured link provided by us. Additional documents may be requested depending on the type of business loan you are applying for.

Yes, for most cases. However, different lenders will analyse your application and evaluate it based on their own set of criteria. For example, your bank may refuse to grant a business loan with adverse credit history because of the risk you pose as a borrower, but some lenders may approve your application solely on the basis of your current business cash flow and revenue.

To get a secured bad credit business loan, all you need to have is an ABN and free equity in your property. 

To get an unsecured bad credit business loan, you need to meet some basic qualification criteria such as:

  • Have an active ABN;
  • Be operating for more than 6 months; and
  • Be turning over more than $5,000 per month in the last 6 months.

Not necessarily. You can avail unsecured business loan with a bad credit history if your company’s existing cash flow is robust and can pass the serviceability criteria. However, a security will always help you receive a higher loan amount with a better rate.

Yes. It is quite likely that you’ll be able to repay your bad credit business loan early, but you should check your loan agreement carefully before doing so to see if there are any early payment charges or penalties. If there are, repaying the loan sooner than expected may do more harm than good.

The lenders understand the nature of urgency for business owners. You may get the funds into your account within 3-4 hours as well. On average it generally takes 24-48 hours to get an unsecured business loan approved.

Lenders would run a credit check only after obtaining a consent from you which is present in the terms and conditions of most of the lenders and you’ll need to agree before submitting the application. At Broc Finance, we can get an indicative quote from the lender prior to starting a formal application with the lender which would save upfront credit check on your file in case you do not meet the lending criteria of the lender.

The loan application is obligation free and there are no application costs involved. You’ll be charged an origination fee only after your loan is approved and disbursed into your account. The origination fees differ from lender to lender and generally ranges between 2%-4% of the loan amount. The origination fee is a one-off fee and is on top of normal interest charged on the loan amount. Please contact us if you wish to know more details.

At Broc Finance, we endeavour to get the most adequate facility suitable to the business requirements of our clients. In most of the cases logged in through us, we try to get an indicative offer from the lender for our client’s consideration before proceeding with formal application and consent to credit check. This approach helps our clients to avoid unwanted rejections and credit checks which can significantly impact their credit score.

We would be happy to answer, if you have any other questions. Please contact us.