Business Loan in Australia

Need a Business Loan in Australia? Here’s How to Get Funded Without Putting Up Assets

Running a business means taking risks — but putting up your house or car as loan security shouldn’t have to be one of them. Whether you’re starting a business, expanding operations, or need a short-term cash injection, there are smart ways to get unsecured business loans in Australia that don’t require collateral.

In this guide, you’ll learn:

The best lenders for no-collateral business loans
What documents you need
How much you can borrow
And how to increase your approval chances in 2025

What Is an Unsecured Business Loan?

An unsecured business loan is funding you receive without pledging an asset (like property or equipment) as security. Approval is based on your business revenue, creditworthiness, and financial history.

Pros:

No risk of losing personal or business assets
Fast approvals (often within 24–48 hours)
Flexible use: working capital, marketing, equipment, payroll, etc.

Cons:

Higher interest rates than secured loans
Lower borrowing limits (typically $5K–$500K)
Stronger focus on credit and cash flow history

Top No-Collateral Business Loan Providers in Australia (2025)

Lender	Loan Range	Repayment Terms	Approval Time	Key Benefits
Prospa	$5,000–$500,000	3–36 months	Within 1 day	Trusted SME lender, flexible terms
Lumi	$5,000–$300,000	3–24 months	Same-day	No asset security, fast decisions
OnDeck	$10,000–$250,000	6–24 months	< 1 business day	Based on business health score
Capify	$5,000–$150,000	3–12 months	1–2 business days	Daily or weekly repayments
Shift (formerly GetCapital)	$10,000–$500,000	6–60 months	Fast	Line of credit + flexible top-ups

Pro tip: Compare both interest rate and “total cost of loan” — some lenders use factor rates instead of APR.

Minimum Requirements to Qualify

Most unsecured business loan providers in Australia will ask for:

ABN or ACN (active for 6–12 months minimum)
Monthly revenue of at least $5,000–$10,000
Business bank statements (last 3–6 months)
Valid ID (driver’s licence or passport)
Good to fair credit score (500+) — but some lenders are more flexible

Documents You’ll Typically Need

Business bank statements (mandatory)
BAS statements or profit & loss (optional but helpful)
Government-issued photo ID
Proof of business address
Completed application form (online or PDF)

⚠️ Avoid delays: Make sure your bank account shows consistent revenue and low overdrafts.

Types of No-Collateral Loans You Can Apply For

Term Loans – Fixed loan amount, fixed term, regular repayments
Business Line of Credit – Access funds as needed, only pay interest on what you use
Invoice Finance – Borrow against unpaid customer invoices
Merchant Cash Advance – Repay through a % of daily card sales

Example: $50,000 Unsecured Loan Breakdown (12 Months)

Loan Amount	Rate	Monthly Repayment	Total Payable
$50,000	18% APR	~$4,580/month	~$55,000

Use a business loan calculator before applying to see your actual costs.

How to Boost Your Approval Odds

Clean up your business bank account – avoid bounced payments or overdrafts
Pay off credit cards or debts – reduces your risk profile
Build a healthy credit score – make payments on time
Apply during strong revenue periods – lenders prefer stable cash flow
Be transparent – disclose any tax debt or defaults upfront

How to Apply Online in 3 Simple Steps

Choose your lender – check rates, fees, and reviews
Fill out the online application – takes ~5 minutes
Upload documents & get a decision – many respond within 24 hours

Final Thoughts

Getting a business loan in Australia without collateral is absolutely possible in 2025 — and easier than ever with the rise of fintech lenders. Just make sure your business has a consistent cash flow, clean banking history, and a clear purpose for funding.