Unsecured funding possible up to $500K

Quick and hassle-free approval

Least documentation requirements

Loan term between 3-60 months

Past bad credit? No Dramas!

What is a small business loan?

Understanding what a small business loan entails is crucial in making an informed decision for your business’s financial future. A small business loan is essentially a financial lifeline, offering a lump sum of cash that’s repaid over time. This repayment includes the principal and a fixed interest rate, tailored to suit the unique needs of small businesses like yours.

Convenience and Flexibility: Repayment Options

One of the standout features of small business loans is their flexible repayment structure. You can choose from daily, weekly, or fortnightly options, making it easier to manage cash flow and keep your business running smoothly.

A Loan for Every Business Need

Whether you’re igniting a lifelong passion by starting a new business, seizing an opportunity to expand, or navigating through a tough season, there’s a small business loan designed for your specific situation.

Eligibility Criteria: Is a Small Business Loan Right for You?

  • An active Australian Business Number (ABN)
  • At least 6 months of operation
  • A monthly turnover of more than $5K 

But don’t worry if you don’t meet these criteria just yet.

We have loan options for businesses at various stages, including those that are just starting out or don’t have a steady revenue stream. Broc Finance has over 50 trusted lenders that our brokers have partnered with to bring you some of the best small business loans in Australia.

Our loan guide

Small Business Loans

Loan amount

$5k- $1M

Interest rates from

Starts from 7.99% p.a.

Loan term

3 months – 60 months

Pre-approval time

Unsecured Small business loans: 2-4 hours | Secured Small Business loans: 24 – 48 hours

Unconditional approval & settlement time

Unsecured Small business loans: 24-72 hours | Secured Small Business loans: 3-7 days


Daily/ Weekly/ Fortnightly


May be required after a certain amount

What you need to know

Can be used for

Buying/investing into new business

Purchasing property

Expansion into branches or another unit

Renovating business premises

Other working capital needs

Documents required (low doc approval)

Up to $250,000 basis

Last 6 months bank statements

Valid identification proof

Documents required (full doc approval)

More than $250,000 basis additional docs

Financial statements

ATO statement

Security details


Quick and hassle-free approval

Least documentation

Funding possible in 24 hours

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

Calculate your business loan estimate today

Simply slide the button or enter the loan amount and terms (in weeks) you are looking to borrow.

The estimated repayments are based on the annual percentage rate and are for indicative purposes only. They’re based on interests generally charged by the lenders in this space, however, every business is different and the actual repayment would depend on factors such as:


Cash flow

Trading time

Banking conduct

Credit worthiness

...and more!

Disclaimer: The calculation provided is for indicative purpose only. The interest rate and repayment may vary based on individual business risk profile.





0 weeks

156 weeks

Est. weekly repayments

Total you will pay

If you wish to get more accurate loan repayment figures, please complete your application form by filling out your loan details. One of our lending specialists will get in touch with you to discuss your requirements in detail.


Small Business Loans to Suit Your Needs

When looking for a financing option, you may find yourself drowning in a sea of information online, with no idea which is the best business loan for your company. To save you time, we have compiled a list of some flexible small business loans that provide business financing that is best suited to your needs.

What you should know about Small Business Loans

Have questions? Speak to our experts!

Small Business Loans in Australia

There are over 2 million Small and Medium Enterprises (SME) businesses in Australia which account for more than 99% of all the enterprises in Australia.

Most of these businesses are unable to get timely funding from big banks due to various lending criteria like limited trading time, lower scale of operations, no security, no profitability, bad credit history etc. and hence is bound to shut down prematurely without exploring the full potential in their business.

This shortage of timely access to funds for small businesses had created a huge demand for cash flow lenders in the Australian markets. Thankfully, the advent of technology has given multiple private cash flow fintech lenders who are super quick to get the loans secured in as low as 3-4 hours with least documentation. These lenders have the appetite to take higher risks and fulfil the needs of the small business owners in a timely manner.

Key Features of Small Business Loans in Australia:

  • Simple Process
  • Quick and hassle free approval
  • Funding possible within 24 hours
  • Least documentation requirements
  • Loan term between 3-36 months
  • Past Bad credit history ok!
  • Early pay out option available.

Being a small business ourselves, we understand and share the pain of the small business owners and hence strive to get the best suited financing options for our small business customers.

What are the pros and cons of taking a small business loan?


New or start-up businesses can get funded by pledging security

Small business loans are usually quickly approved

Low Doc Approval: You can get a small business loan based on last 6 months bank statements and Identification proof in most of the cases.

Free to choose between secured or unsecured loan.

Regular on time repayments help in building the credit history.


Generally, small business loans are of smaller amounts.

Unable to solve a long-term business issue.

A small business loan is generally offered for a shorter term.

Generally, higher rate of interest considering the scale of operations.

Benefits of Small Business Loan

You can use a small business loan to fulfil multiple types of business expenses, or even invest into the expansion of your business. Here are some specific examples of how small businesses have used these types of loans:

  • Meeting Working capital needs
  • Expansion into branches or another unit
  • Purchasing property
  • Buy stock/Inventory
  • Buy Equipment
  • Paying wages/rent
  • Renovating business premises
  • Paying tax dues
  • Advertising and Marketing

Required Documents for Small Business Loans Australia

Low Doc

Generally, small business loans up to $250k can be approved with basis low documentation.

  • Last 6 months bank statements
  • Valid identification proof

Full Doc

For an unsecured business loan of more than $250k, you may be required to submit some additional documents considering the size of the loan.

  • Financial statements
  • ATO statements

Small Business Loan Application Assessment

The small business loan application process is generally simple and based on a scoring matrix. Below are some of the factors we considered that we included in our scoring matrix:

The amount of a small business loan that is approved may vary depending on the industry in which a business operates. This is because each industry has its own method of collecting payments from customers. If your company primarily sells products directly to end-users (B2C), you may accept cash or credit card payments, which provide you with an immediate source of revenue, which is usually preferred by lenders. On the other hand, if your company primarily conducts commercial transactions with other businesses (B2B), where invoices are frequently used, lenders may view late payments as a risk, which may limit the amount of money you can borrow.

Lenders will generally consider the loan amount by evaluating a company’s cash flow and ability to service the loan. A higher average monthly income may allow you to borrow more money.

Though a small business loan can be obtained without any security, lenders give a higher weightage if the business or its directors are asset backed. It enables them to obtain a larger loan amount with better terms.

Credit score becomes an important factor in loan consideration for small businesses, which are mostly new and have a lower scale of operations. A higher credit score gives the lender more confidence to approve a larger loan amount and pricing, and vice versa.

Lenders may consider “time in business” as a factor in determining the business’s momentum. Lenders typically assume that businesses that have been in operation for more than a year are more likely to incur additional debt obligations. This, however, does not preclude new businesses from being approved for secured small business loans. It simply means that new companies may not be able to borrow as much as established companies. Your loan capacity will gradually increase over time as you make on-time repayments

At Broc Finance, we think every company has its own special strengths. We’re here to assist you in showcasing them to lenders, so you can get the best loan for your small business that meets your requirements.

Things to keep in mind before applying for a small business loan

Small business loans act as a quick fix to the cash flow stress in the business and borrowers can get anxious while applying this loan. However, there are few vital things which one should always avoid while applying for a small business loan.

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

Finding the small business loan with the right rate, terms and amount could be stressful. To avoid any unwanted outcomes, we work with our customers to find the best suited loan for your business plan and help you 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 can you use a small business loan for?

These loans can be used to meet multiple business expenses or for business expansion. Here are some specific examples for which a small business loan can be used is listed below.

  • Meeting Working capital needs
  • Expansion into branches or another unit
  • Purchasing property
  • Buy stock/Inventory
  • Buy Equipment
  • Paying wages/rent
  • Renovating business premises
  • Paying tax dues
  • Advertising and Marketing

Being a small business ourselves, we understand and share the pain of the small business owners and hence strive to get the best suited financing options for our small business customers.

How do I apply?

Gone are the days when there used to be long application forms to be filled manually to apply for a business loan. Apart from the long application forms, you were required to submit a number of documents and it used to take weeks or even months to get an approval.


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!


Why choose Broc Finance for business success?

Competitive terms

We work in the best interest of our customers by getting them a business loan on most competitive terms.
- Complex deal structuring and presentation
- Team of qualified chartered accountants, CPA and finance brokers are missing.

Small business specialists

With over 15 years of experience in small business financing, we facilitate customized business financing solutions for small businesses from a suite of 90+ lenders.


Customer satisfaction

Our client testimonials speak for our service. Please feel free to view our customer reviews.

Clear communication

We understand the essence of time so don’t believe in wasting our customers time by giving false hopes. Transparent and clear communication is in our DNA.

Success Stories...

Our customers that were just like you!

Apply now

Customers that reached new heights with our support

See all stories


Secured business loan (caveat)

Entertainment Industry

Learn More


Unsecured business loan

Medical Industry

Learn More


Unsecured business loan

Software & IT Services Industry

Learn More

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.
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
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.
Atulkumar Patel

Atulkumar Patel

I don't want to miss this opportunity to say About Saroj Work that he just made it impossible job into possible , I have got loan of 1.5 million event though I have very low credit score . Great work , and highly recommend for any kind of loan issues.
Mai Yang

Mai Yang

Absolutely wonderful service! Saroj was amazing with keeping us up to date with our loan application which was approved quickly without any hassle. I would definitely recommend Broc Finance!


Saroj and the Broc Finance team were simply worlds apart from any other broker we've ever dealt with. Calm, direct, efficient, effective and resourceful - you wouldn't find any better. As a busy small business owner, Saroj made everything simple and quick, which, when you're time-poor, is an absolute God-send.

Have questions? Talk to a specialist!


What loan are you looking for?

Tell us about yourself

Can't remember? Find it here

Frequently asked questions

With the advent of technology, the small business 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 transaction account through a secured link provided by us. Additional documents may be requested depending on the type of small business loan you are applying for.

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

To get an unsecured small 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.

In most of the cases, for a small business loan up to $150,000 you just need to submit a 6 month bank statement and a valid Identification proof to get an approval. For complex or large ticket loans above $150,000, you would generally be required to submit the financial statements, BAS and ATO transaction statements.

The lenders understand the nature of urgency for small 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.

There is no mandatory need to have security to get a small business loan. Small business loans can be obtained as a secured as well as unsecured facility. However, for a new or start-up business operating for less than 6 months, you would require security to get funded.

Yes, possible. However, to get a small business loan for a new or start-up business, you need to pledge a security against the loan.

The interest rate charged by the lenders differs from case to case depending on various risks associated with the business, like Industry, scale of operation, cash flow, credit history, asset ownership and term of the loan. For e.g. A borrower with poor credit history would be charged a higher rate of interest as compared to a borrower with a good credit history. However, in general the interest rates typically range between 10-20% p.a.

Generally, small business loans are for shorter terms and can be anywhere between 3 months – 36 months. In most of the cases, small business loans are offered for a 12-month period.

Traditional Banks do offer small business loans, but they always maintain a strict and lengthy screening process which makes it a difficult and time-consuming process for a small business owner.

Opposed to Banks, there are various non-bank lenders and fintech companies who specialize in providing business loans to small businesses. Broc Finance is dedicated to assist small businesses with an easy and streamlined process to obtain a small business loan through its panel of non-bank cash flow lending partners with possibilities of financing within 24 hours. Please get in touch to know more.

Lenders would run a credit check only after obtaining a consent from you.

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%-5% 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.

We have lenders on our panel who generally lend to almost every sector, so essentially there are no restrictions (barring a very few industries). In case you are sceptical about whether you can get funded in your industry or not, please let in touch for a free consultation with one of our lending experts.

With advancement in technology, submitting a bank statement has become super quick and easy without compromising the security. On receipt of the loan application, we would provide you with a safe and secure link to share your bank statement with us. This process makes the loan approval smooth and fast as we can receive your business transaction account statement within minutes and proceed with the loan approval process instantly.

Please note: With increasing fraud and forged documentation, lenders are no longer accepting PDF bank statements.

Generally, lenders consider the cash flow of the business to arrive at your borrowing power. They look into various other fields such as your credit score, past bank dishonours, industry, number of years in the business, age of the promoter/directors, existing personal asset/liabilities etc. to make a lending decision on the file.

Getting a small business loan with bad credit history could be tough and expensive; however, it’s not impossible. We have tie up with lenders who are happy to look at businesses and give them a second chance who had bad credit history in the past but have robust cash flow at present. Please get in touch with us for a free consultation.

There are multiple lenders who offer loans under the SME recovery loan scheme. However, you need to meet their eligibility criteria. Please get in contact with us to know more about the same.

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.