Business Loans in Australia — Compare Options & Apply Today

To qualify for most unsecured business loans in Australia, you need an active ABN, at least 6 months of trading history, and a monthly turnover above $5,000. For secured loans, you need an ABN and an asset to offer as collateral — no minimum trading time required. If you don't meet standard criteria, options exist for bad credit, low-doc, and startup situations.

The amount you can borrow depends primarily on your monthly turnover. As a general guide, unsecured lenders will typically approve 1–3× your average monthly revenue. For a business turning over $20,000/month, that's roughly $20,000–$60,000 unsecured; with security, amounts can reach $1M+. Use our loan calculator for an estimate, or speak to a specialist for a precise figure.

For unsecured business loans, pre-approval typically takes 2–4 hours and unconditional approval 24–72 hours from submitting your bank statements. Secured loans (backed by property) take 3–7 days due to the need to lodge a caveat on the security. Equipment finance generally settles within 24–48 hours.

You need to understand the nature of your business and its financing requirements to select the right product for your business. To highlight few of the factors, you need to assess whether it’s a long term or short-term requirement, seasonal or ongoing requirement, does your business have delayed invoice payment issues etc. We understand that choosing business loan product from the range of options could be a stressful task and hence, we provide an obligation free personal consultation to our customers to understand their requirements and suggest the best suited option for their business.

Yes, absolutely, you can get a business loan either to start a new business or buy an existing business if you hold an active ABN. However, there are limited options for new or start-up business loans and you would require pledging an asset as a security.

Getting a 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 who had bad credit history in past but have robust cash flow at present. Please get in touch with us for a free consultation.

Simply submit your application through Apply now or send us a message/ call 1300 253 041 for one of our lending specialists to give you a call and discuss your requirements.

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. Please feel free to contact us if you have any other questions. We would be more than happy to answer it.

To get a business loan in Australia: (1) confirm you hold an active ABN, (2) check your basic eligibility — 6 months trading and $5K+ monthly turnover for unsecured options, (3) gather your last 6 months of bank statements, (4) apply through a broker like Broc Finance who will match you with the most suitable lender from a panel of 150+, and (5) receive a decision in as little as 24 hours.

In Australia, business loans are available from major banks (ANZ, CBA, NAB, Westpac), non-bank fintech lenders (Prospa, Moula, Lumi), and through brokers like Broc Finance who provide access to 150+ lenders in a single application. Non-bank lenders generally offer faster approvals and more flexible criteria than traditional banks.

For established businesses with 6+ months of trading, $5,000+ monthly turnover, and clean bank conduct, getting an unsecured business loan through a non-bank lender is relatively straightforward — approvals are possible within 24–48 hours. It becomes harder for startups, businesses with bad credit, or those in high-risk industries, though secured and specialist options remain available.

Yes, though options are more limited than for established businesses. Startup business loans are available if you can offer real estate security (property) — lenders will fund up to 80% of the property's value with no minimum trading history required. Purely unsecured startup loans are difficult to obtain without at least some revenue history.