Startup Business Loans Australia

What is a new start-up business loan?

As a startup ourselves, we understand many startups like yours are likely to struggle to access the finance you need to kick start and take your business to the next level. We love to help Australian entrepreneurs get the loans they need to make their startup dream come true.

As the name suggests, a startup business loan is a financing method to provide you with the startup capital you need to turn your startup into reality.

Typically, startup business owners do not have enough business history to successfully obtain loans from banks in Australia.

Unlike going through a traditional bank, which has a very strict and lengthy screening process for startup loans application with minimal chances of approval, your startup business loan application can be made simple at Broc Finance.

Generally, to be eligible for a startup business loan, you need to have an active ABN. There is no minimum trading time requirement.

What Our Clients Say

Based on 46 reviews
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.
Abhishek Chhugani
Abhishek Chhugani
Wonderful service by Saroj. Took care of my requirements for business loan. Turnaround time from application to disbursement was 2 days.
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.
jas singh
jas singh
Great services, great effort by Saroj.
Michael Banabakis
Michael Banabakis
Easy to deal with and nothing was a problem!!
Liesel Collings
Liesel Collings
The broker was super helpful and understanding. He knew I needed the loan in a rush and got me the best deal possible.
Aghar Tefera
Aghar Tefera
Fantastic service!! Very nice & helpful staff!! I had the best experience and got things done promptly and professionally! Thank you Broc Finance 😊!!
Nejatali Rotivand Ghiasvand
Nejatali Rotivand Ghiasvand
Very professional and always there to help you
Khanyi Moyo
Khanyi Moyo
Thank you. This was a great experience with a team that takes time to ask what your needs are then help you find the best deal.
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!

The most common ways to get your startup business funded

Generally, there are 2 ways through which you can get your startup business funded.

Equity Funding

As a startup business, you can pitch your business ideas to investors who can fund the business in exchange for equity participation in your business. You can raise these equities through:

  • Friends or family
  • Venture capital firms
  • Accelerators and incubators
  • Crowdsource funding marketplaces
  • High net worth individual investors (angel investors)



Debt Funding

Equity funding option may not be possible for all the businesses, or some business owners do not prefer to dilute their stake in the business. In such scenarios, debt funding is the most suitable alternative option to fund your new business. Generally, debt funding can be of two types.

Unsecured Business loans:

If you are a new business that has been trading for at least 6 months, you may be eligible for an unsecured business loan. This is the most suitable option for a new business as you do not need to provide any security against the loan. To be eligible for an unsecured business loan for startup businesses, it should be;

Secured Business Loans:

In case if your business is just started or haven’t started generating any revenues, you can still get a startup business loan by the way of securing a real estate property against the loan. There is no minimum trading time or turnover criteria to be eligible for a secured business loan. However, to get a secured business loan;

What are the pros and cons of a startup business loan?

Exploring different types of financing options, including start up business loans in Australia, is crucial for finding the best fit for your business needs and growth plans. Like all financing options, getting a business loan for a start up has its own benefits and drawbacks:



Factors to consider when selecting the best startup business loan for you

As startup business loans in Australia come in many forms, it might be stressful for you to consider which one might be the best for your startup. Here are a few key components to help you evaluate your options:

1. Which stage of your startup are you in?

If you are just having a startup idea and have not yet taken any actions to develop your business, it might be difficult for you to convince lenders to provide you with an unsecured business loan. The more established your startup is, there will be more options available for you. In this instance, your only available option would be a secured business loan.

2. The amount of funding you are seeking

Although you may be thinking the more funds the better to give you contingency in the case of unexpected events, it is better to come up with a clear amount of funding that your business needs. With an amount in mind, it would be easier for you to select the best option out of the startup business loans.

3. The repayment terms

Generally, startup business loans are for shorter term so you should be careful with the repayment terms. You need to consider whether a weekly/fortnightly repayment option would be feasible or a capitalised interest or interest only repayment option would be more suitable for your business. Depending on your preference and eligibility, you may choose to go with a secured business loan or an unsecured business loan.

Things to keep in mind before applying for a Startup Business Loan

Startup business loans can be exciting to act as the seed funding to help kick start your business ideas. However, there are a few important things that one should always avoid while applying for a startup business loan.

Finding the startup business loan with the right rate, terms and amount can be stressful. 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.

Startup business loans versus investment capital

During the start of the business, there are different ways of raising the funds you need for the next step of your business. Whether getting a loan or asking for an investment, there are different pros and cons that come with each of them. The key differences between Startup Business Loan and Investment Capital lie in the ownership, control and cost. We have summarised the features of them in the comparison table below:

Startup business loans

Investment Capital

What can you use a startup business loan for?

A startup business loans can be flexibly used to meet your business expenses or for the purpose of business expansion. Here are some typical examples of how a startup business loan is used:

FAQ's About Startup Business Loan

A startup is a young, new business that is still in the early stages of creating its products or services. They are typically very innovative and eager to bring about change in their market. A company is called startup company if its not older than 3-5 years.

The startup 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 through a secured link provided by us. Additional documents may be requested depending on the type of startup business loan you are applying for.

A startup lack of trading history, as well as their inability to show evidence of capital flow coming back into the business, are two of the most significant hurdles they face. As a result, lenders are cautious to give them a company loan, especially one that is unsecured. However, there are other options when your startup business does not have enough cashflow. Please get in touch at 1300 253 041 or to know more about other options.

This will depend on the required loan amount and your eligibility for an unsecured business loan. In case you are looking for a higher loan amount or does not meet the eligibility criteria for unsecured business loans, you would need to provide a security to get a secured business 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 1.5-2.5% p.m.

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

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.

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 at 1300 253 041 or

We will work with you

to overcome approval related hurdles

by getting your asset finance, property finance and unsecured business loans, without the frustrations of the bank process.