Compare business loans from 40+ Australian lenders. Check rates, terms & repayments in minutes with us — fast, transparent & easy.
Finding finance for your business doesn’t have to be complicated. Whether you’re covering cash flow gaps, investing in new equipment, or planning for expansion, the right loan can give your business the flexibility it needs to grow.
At LoanCalculator.com.au, you can easily compare business loans in Australia from over 40 trusted lenders. Our platform lets you view rates, fees, and repayment terms side by side, and use our free calculator to estimate repayments before you apply.
A business loan is basically a form of credit that helps a company borrow money and repay it over time with interest in a business finance situation. It may be used to acquire assets, manage working capital, refinance existing debts, or fund expansion projects. The basic structure of business loans is typical of business loans in this type of business finance:
But a business loan lets you seize such opportunities as upgrading technology, attracting more staff or expanding into another location. As of October 2025, the business loan rates in Australia are 5% to 15% per year based on their credit profile, type of loan and security they provide. For the business owner, nowadays, most lenders simply provide digital applications and approvals in under 24 to 48 hours, allowing to start up faster than ever with funds.
Not every business needs the same kind of finance. Some want to invest in growth; others just need help managing short-term cash flow. Here are the most common types of business loans available in Australia:
Unsecured loans don’t require collateral, which means faster approval and less paperwork. They’re a good choice when you need quick access to funds but don’t want to risk your assets. Interest rates tend to be higher, and loan amounts generally range from $10K to $500K, with terms from one month to seven years.
These loans are backed by security, such as property, vehicles, or equipment. In return, lenders often provide lower interest rates and higher borrowing limits. Secured loans are best suited for businesses seeking large-scale funding and willing to leverage existing assets.
A business line of credit offers ongoing access to funds. Your financing is flexible so that you can draw and repay debts as are required; paying interest only on what you use. It's flexible enough to cope with varying cash flow levels or to pay for emergency costs.
A business overdraft works as a safety net linked to your main account. When your balance dips below zero, the overdraft covers the difference. It’s practical for short-term needs, and you only pay interest on the amount used.
This loan type helps release funds locked in unpaid invoices. Instead of waiting for customers to pay, you can access up to 80–90% of invoice value upfront. Fees usually start around 2.5% of the invoice amount. It’s particularly useful for businesses dealing with slow-paying clients.
An equipment loan is specifically designed for buying machinery, vehicles, or other tools of the trade. The asset itself often serves as collateral, which can make approval quicker and easier. Borrowing amounts typically range from $2,000 to $2,000,000, with loan terms from one to seven years.
If you don’t have complete financial statements or tax returns, a low doc (low documentation) loan may be an option. These loans require less documentation and have faster turnaround times. While the rates are higher, they offer flexibility when traditional finance isn’t accessible.
Used to purchase, refinance, or develop business premises. These loans usually come with longer repayment terms and competitive interest rates, making them ideal for major property investments.
If you’ve had financial difficulties in the past, bad credit business loans may still provide a way to access funding. While interest rates are higher and borrowing limits smaller, these loans can help rebuild your credit profile when managed responsibly.
Comparing business loans properly can save you time and money. Here’s what to look for:
The key is to find a balance between flexibility, affordability, and risk. Remember to check your chosen lender is registered and accredited using the ASIC Business Register.
While the loan itself isn’t deductible, several costs associated with business loans may be tax-deductible, helping to lower your taxable income.
If the funds are partly used for personal expenses, you’ll need to split the interest accordingly (e.g. using a logbook for vehicle loans, or you’ll need to use the cents per kilometre method).
💡 Always consult a registered accountant to ensure your claims meet ATO rules and you’re claiming the right deductions.
Every lender has its own approval process, but most will ask for:
Having stable revenue, good cash flow, and clean financial records can significantly improve your approval chances.
From instant calculations to trusted lender comparisons, we make it simple to find the right loan for your needs.
We’re here to help you make confident borrowing decisions based on transparency and real data—not guesswork.
Australia’s small business landscape remains mixed in late 2025. According to the Reserve Bank of Australia, many small firms continue to face challenges such as rising input costs, tight labour markets, and subdued consumer demand.
However, resilience is strong in sectors like professional services, hospitality, and technology. Key trends include:
Regional and service-based industries are faring better than retail and construction, but overall conditions should improve as inflation eases and interest rates stabilise.
Find clear answers to the most frequently asked questions about business loans.
Most lenders offer between $10,000 and $1,000,000, depending on your turnover, credit, and loan type.
Online applications can receive conditional approval within 24–48 hours, with full funding shortly after.
Yes. Some lenders specialise in helping businesses with lower credit scores, though rates may be higher.
Secured loans require collateral and usually offer lower rates. Unsecured loans are faster to access but costlier overall.
Yes, interest payments on loans used for business purposes are generally deductible.
Interest, fees, and some equipment finance arrangements may qualify for deductions or depreciation claims.
Yes, as long as you have a valid ABN and can demonstrate business income.
Typically your ABN/ACN, recent bank and financial statements, identification, and sometimes a business plan.
Yes, multiple hard credit checks can lower your score. Our comparison process uses soft checks that don’t affect your credit rating.
Absolutely. Business loans can cover operational costs like marketing campaigns, website upgrades, or branding investments.
Yes, though you need to be strategic about your goals and methods. Some businesses use loans to refinance or restructure existing debt through a strategy called debt recycling. This involves replacing high-interest or inefficient debt with a new loan that offers lower rates or better terms, helping free up cash flow and improve long-term financial efficiency. However, it’s best to get professional financial advice to ensure the strategy suits your business goals and tax position.
Keep your financial records up to date, reduce existing debt, maintain a strong credit score, and clearly outline how you’ll use the funds in your application.
Ready to explore your options? Compare business loans from over 40 Australian lenders in minutes. Check live rates, terms, and features, and use our free calculator to estimate repayments: best of all, there’s no sign-up required.
