Compare Unsecured Business Loans from 50+ Australian Lenders
Access funds without pledging collateral. Get real personalised quotes in minutes with no impact on your credit score.
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Unsecured Business Loans Made Simple
Get fast working capital without using property or business assets as security. Ideal for SMEs, sole traders and growing businesses that need speed, flexibility and certainty.
Borrow With Confidence
Typical amounts from $5,000 to $500,000
Flexible Terms
Loan terms from 3 months up to 5 years
Fast Approval
Funding possible within 24 hours
No Collateral Needed
Access finance without pledging assets
Tailored Pricing
Rates from 9.95% matched to your profile
Any Business Purpose
Use for growth, cash flow or unexpected costs
How it works
We match your application to unsecured options from 50+ Australian lenders so you can compare and choose with confidence.
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It takes only three minutes to enter your details so we can match you with our panel of lenders. No lengthy questions.
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Our Lender Match technology matches you with quotes from multiple lenders, so you can pick the best product for your circumstances.
Upload documents
Once you’ve chosen your preferred quote, we’ll let you know what documents are required to complete your application.
Get approved
Get approved and receive funds within 24 hours.
Backed by over 50+ lenders
Giving you the best chance of being approved.
A quick guide to unsecured business loans
An unsecured business loan is a type of finance that gives your business access to capital without needing to provide assets such as property, vehicles, or equipment as security. This makes them especially attractive to Australian SMEs, sole traders, and startups that may not have significant collateral—or prefer not to put their assets at risk.
Because the lender carries more risk, unsecured loans are priced according to your business’s financial health. Lenders typically assess monthly turnover, profitability, cash flow stability, and both business and personal credit scores before approving an application. The stronger your financial profile, the better the rate and loan terms you can expect.
The key advantage is speed and flexibility: approvals can happen in hours and funds are often available within 24 hours, allowing you to act quickly on opportunities or manage short-term cash flow challenges. Unsecured loans can be used for almost any business purpose—whether that’s hiring staff, stocking up on inventory, funding marketing campaigns, or consolidating debts into one manageable repayment.
The trade-off is that interest rates may be higher than secured loans, and borrowing amounts are generally capped at lower levels (often $5,000 to $500,000). However, for many businesses, the convenience of fast access to funds without risking assets far outweighs these costs.
In short, unsecured business loans give Australian businesses the ability to stay agile—providing a simple, fast and practical way to fund growth, cover expenses, and keep operations running smoothly.
Want to skip ahead?
This guide is broken down into the following sections. Click a link if you want to skip ahead.
Types of unsecured business loans
Unsecured funding comes in a few flavours. Here are common unsecured options you can compare:
Unsecured Fixed Term Loan
A business loan with fixed interest rate and repayment terms that doesn't require asset security. Based on business creditworthiness and cash flow capacity.
Pros
- No assets required as security
- Fixed interest rate for payment certainty
- Quick approval process
- Flexible use of funds for any business purpose
Cons
- Higher interest rates than secured loans
- Stricter credit and income requirements
- Lower maximum loan amounts
- Personal guarantees may be required
Best For
Businesses with strong credit history and cash flow that need quick funding without putting assets at risk, ideal for working capital or short-term expansion.
Business Overdraft
A flexible credit facility that allows your business to withdraw more money than available in your account, up to an agreed limit. Perfect for managing cash flow fluctuations.
Pros
- Flexible access to funds when needed
- Only pay interest on amount used
- Helps manage seasonal cash flow variations
- Can be renewed annually
Cons
- Variable interest rates can increase costs
- Can be recalled by the lender
- May require personal guarantees
- Fees for exceeding agreed limits
Best For
Businesses with fluctuating cash flow, seasonal operations, or those needing flexible access to working capital for day-to-day operations.
Line of Credit
A flexible credit facility that provides access to funds up to an approved limit. Draw down and repay as needed, only paying interest on the amount used.
Pros
- Flexible access to funds when needed
- Only pay interest on amount drawn
- Revolving credit facility for ongoing needs
- Can be secured or unsecured depending on requirements
Cons
- Variable interest rates can increase costs
- Credit limit can be reviewed and reduced
- May require personal guarantees
- Temptation to over-borrow due to easy access
Best For
Businesses or individuals needing flexible access to funds for varying cash flow needs, seasonal requirements, or ongoing working capital management.
What can I use an unsecured business loan for?
With no collateral required, unsecured loans give you the flexibility to fund almost any business purpose:
Working Capital
Use an unsecured business loan to cover payroll, rent, utilities, and supplier invoices. Perfect for Australian SMEs needing flexible finance to maintain steady cash flow and keep operations running smoothly.
Business Expansion
Access funds to open a new site, launch a product, or enter a new market. Unsecured loans give Australian businesses the flexibility to grow without risking property or assets as collateral.
Equipment & Technology
Upgrade business machinery, vehicles, IT software, or infrastructure with unsecured finance. This allows Australian SMEs and sole traders to stay competitive, improve productivity, and embrace new technology without upfront costs.
Marketing & Advertising
Invest in digital advertising, social media, or local marketing campaigns. Unsecured business loans help Australian businesses reach new customers, build brand awareness, and drive revenue growth without collateral requirements.
Inventory Purchase
Purchase stock in bulk, prepare for seasonal demand, or secure supplier discounts with unsecured business loans. A flexible option for Australian retailers and wholesalers who need quick access to working capital.
Hiring & Training
Unsecured loans can fund recruitment, wages, and staff training programs. Ideal for Australian businesses wanting to expand their workforce or upskill existing employees without tying up property or equipment as security.
Debt Consolidation
Streamline multiple business debts into one manageable repayment. Australian SMEs use unsecured loans to simplify cash flow, reduce admin stress, and potentially lower interest costs without risking collateral.
Renovations & Upgrades
Refresh business premises, modernise fit-outs, or upgrade customer areas with an unsecured loan. Australian cafés, retailers, and service businesses often use this finance to enhance customer experience and drive growth.
Emergency Funding
Cover unexpected expenses, urgent repairs, or cash flow shortfalls. Unsecured business loans give Australian SMEs a safety net, providing fast access to funds without collateral during critical times.
Case Study
Maya Chen, Harbour & Grind Café
Keeping the Doors Open with a Fast Unsecured Loan
Industry: Hospitality
Challenge: Cash flow squeeze from rising supplier costs and delayed invoices.
Solution: A 12-month unsecured term loan approved and funded within 24 hours.
Maya runs a busy café and faced a sudden spike in supplier prices at the same time a large corporate catering invoice was paid late. With wages due and a new espresso machine on order, cash flow was tight. She applied online and received multiple unsecured loan offers within hours. Choosing a 12-month option with weekly repayments meant no collateral was required and cash flow stayed predictable. When the outstanding invoice cleared, Maya made extra repayments and finished the loan early—without disrupting service or growth plans.
How much can I borrow with an unsecured business loan?
In Australia, unsecured business loans typically range from $5,000 to $500,000. Your borrowing power depends on turnover, profitability, bank statement history and credit profile. Because no collateral is pledged, lenders place more weight on recent cash flow and overall stability. Unsecured pricing may be higher than secured options, but the trade-off is speed, simplicity and access without risking property or business assets.
Unsecured Business Loan Repayment Calculator
Estimate repayments and total cost. Adjust the amount, term and interest rate to plan cash flow before you apply.
Balance over time
Am I eligible for an unsecured business loan?
Eligibility is stricter than for secured loans as no collateral is provided. Lenders look at credit history, time trading, monthly turnover and bank statement health. Strong, consistent cash flow improves approval odds and pricing.
You may be eligible if you are:
An Australian citizen or permanent resident
Over 18 years old
Operating for at least 6 months
Minimum monthly turnover of $5,000
Registered for GST (in most cases)
How to apply for an unsecured business loan?
Complete a quick online application and get instant quotes from our 50+ lender panel. Choose your preferred option and we’ll guide you through documentation and settlement. Funding can often be arranged within 24 hours.
Documents you may need:
ABN and GST registration details
Photo ID (passport or driver’s licence)
Recent business bank statements
Evidence of income and expenses
How to save money on an unsecured loan
Saving money on an unsecured business loan starts with understanding how loan terms, interest rates, and repayment schedules affect the total cost. A shorter loan term usually means higher individual repayments but less interest paid overall, helping you save thousands over the life of the loan. Longer terms can reduce each repayment, which supports cash flow, but the extra time means you’ll pay more in total interest.
Another way to save is by comparing offers from multiple lenders, as rates and fees can vary widely between providers. Checking for hidden costs such as establishment fees, early repayment penalties, or ongoing account charges ensures you know the true cost of borrowing. If your business cash flow is strong, making additional repayments or paying off the loan early can also reduce interest costs—though always check your agreement to confirm whether fees apply.
Finally, aligning your repayment frequency (weekly, fortnightly, or monthly) with your revenue cycle can help reduce stress and avoid late payment fees. Planning ahead and choosing the right loan structure for your situation ensures you get the funding you need while keeping overall costs as low as possible.
Example: Choose a shorter term to save money — $50,000 at 9.95% p.a.:
| Term | Repayment Amount | Total Amount to Repay |
|---|---|---|
12 months | $4,395 | $52,736 |
24 months | $2,306 | $55,346 |
36 months | $1,612 | $58,039 |
48 months | $1,267 | $60,813 |
60 months | $1,061 | $63,667 |
Understanding unsecured loan options
Unsecured business loans come in many forms, and understanding how they work can help you choose the right product for your business with confidence. Because no collateral is required, lenders place greater weight on your turnover, cash flow, and credit profile when assessing risk. Each loan option—whether fixed-term, revolving, or tied to a personal guarantee—has its own benefits and drawbacks. By comparing features such as interest structure, fees, repayment schedules, and eligibility, Australian businesses can find the loan that balances flexibility with affordability, ensuring funding supports both immediate needs and long-term growth.
Security: No Collateral
Unsecured business loans don’t require property, vehicles, or equipment to be pledged as collateral, making them ideal for Australian SMEs and sole traders without significant assets. Instead, lenders rely on your business’s financial health, turnover, and credit history to assess risk. This flexibility provides fast access to funds without tying up valuable assets, though it often results in stricter lending criteria and higher interest rates compared to secured loans.
Personal Guarantee
Although unsecured loans don’t require collateral, many Australian lenders request a personal guarantee from business owners or directors. This means you are personally liable if the business can’t meet repayments. While it reduces the lender’s risk, it allows small businesses, startups, and sole traders to access finance without pledging business assets. Always review the implications before signing to ensure it aligns with your financial risk tolerance.
Term: Fixed vs Revolving
Unsecured loans in Australia are typically offered as fixed-term products, ranging from 6 to 60 months, with set repayments until the balance is cleared. Some lenders also provide revolving facilities such as overdrafts or business lines of credit, which allow ongoing access to funds up to a set limit. Fixed terms provide repayment certainty, while revolving terms offer flexibility, making them suitable for managing seasonal or short-term cash flow needs.
Interest Structure
Most unsecured business loans are offered at a fixed interest rate, giving businesses predictable repayment schedules and helping with budget planning. While variable rates exist, they are less common in Australia due to the higher risk profile of unsecured lending. A fixed rate ensures repayments remain stable, but businesses should always compare lenders to find the most competitive offer, as interest rates can vary widely based on credit profile and turnover.
Fees & Charges
Beyond interest rates, Australian unsecured loans can include establishment fees (often 1%–4% of the loan amount), direct debit fees for each repayment, and sometimes early termination charges if you repay ahead of schedule. Some lenders also charge ongoing account management or service fees. Reviewing all costs upfront ensures you understand the true cost of borrowing and helps you avoid unexpected expenses that can impact business cash flow.
Repayment Frequency
Unsecured business loans in Australia can be repaid daily, weekly, fortnightly, or monthly depending on the lender and product type. Aligning repayment frequency with your cash flow cycle—such as weekly for retail or monthly for professional services—can help manage liquidity and reduce stress. Choosing the right repayment schedule ensures your business stays on track financially while minimising the risk of late payment fees and unnecessary strain on cash flow.
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Robyn has been brilliant to work with. Made everything easy from the start and explained the details of the loan in depth before submitting the application. Called Robyn Monday morning to discuss possible loan for car and drove my new car home Thursday afternoon with a finance rate better than what the car dealer was offering. Would highly recommend Robyn and emu money for future loans
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Frequently Asked Questions
Unsecured Business Loan FAQs
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