Loan to your business

A loan for your company from 1.75% interest rates and up to 30,000,000$.

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After approval of a loan for 30 years, interest payments begin from 10 years!
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"I needed quick approval on a loan for my business. Credit Online Bank made it so simple to compare loans"

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Compare and browse the Top Business Loan products

Business Loans

Get approved for a small business loan within 24 hours and get funding for your business. Apply today and get assessed for approval using only your bank statements.

Loans up to $500,000
Up to 5 year term
Interest rates from 5.00%
Assessed within 24 hours

Business Loans

Cover unexpected expenses or grow your business with same-day approvals on unsecured business loans. Access business finance up to $150k with no security required.

Loans up to $1,000,000
Up to 3 year term
Interest rates from 12.00%
Assessed within 24 hours

Line of Credit

Access the money that you need instantly with a business line of credit. One-time approval and only pay interest on the amount drawn. Get funded within 24 hours.

Loans up to $5,000,000
Up to 3 year term (non-revolving)
Interest rates from 5.00%
Assessed within 48 hours


Secured or unsecured business overdrafts are ideal for businesses with high turnover needing fast, secure access to finance. Only accrue interest on amount withdrawn and access cash flow any time.

Loans up to $500,000
Up to 5 year term
Interest rates from 14.95%
Assessed within 24 hours


Release vital cash flow and take control of your business with invoice finance. Compare a range of invoice finance options and get fast access to crucial business funds.

Loans up to $1,000,000+
12+ month term
Interest rates from 1.5%
Assessed within 24 hours

Bank Loan

Loans to find low-cost, long-term finance for well-established businesses & asset-backed individuals seeking competitive rates on finance.

Loans up to $10,000,000
Up to 30 year term
Interest rates from 4.05%
Assessed within 3 weeks

Compare Business Loans

Business loans - or business finance - covers the various types of funding available to SMEs. Whether it be from banks, non-bank lenders or specialist financiers, businesses can gain access to funding or purchase equipment to help grow their business through both unsecured and secured finance options.

Whilst you can get a business loan for any amount, the average is $3,000,000. The average term is between ten and fifteen years.

The problem for business owners needing to access funding

The main issue cited by business owners around business loans is a lack of clarity and information; their eligibility, how to apply, and who to apply with. Today, we’ll address these concerns and give you the information you need to make the best decision for your business and your future.

In this guide, you’ll learn:

Money Tip
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If you have a history of defaults resulting in a poor credit rating (or have previously been bankrupt), you can still get finance. To learn more about this type of business finance, you can read our Bad Credit Business Loans guide.

How much funding do you need to grow your business?

Find the best rate now.
Get a quote

What is the best type of business loan?

The best business loan is the one that is most suitable for your business needs. Ideally, it gives you the amount of funding you need with repayments you can comfortably meet. The table below will allow you to quickly see which type of finance may be suitable for your business needs.

How to choose a business loan

Hover over your requirements on the left to see your available loan options

I need fast access to finance

I need a new business vehicle or equipment for my business

I need flexible access to funds

I need a one-time or revolving credit facility

I need upfront payment on customer invoices or overseas sales

I want to use an asset as security on a loan

I want to use my property as security and don’t need fast approval

Need for Business Finance Business Loan Options
I need fast access to finance Small business loan
Unsecured business loan
Business credit card
Business overdraft
Business line of credit
I need a new business vehicle or equipment for my business Chattel mortgage
Finance lease
Commercial hire purchase (CHP)
Operating lease
I need flexible access to funds Business line of credit
Business overdraft
Invoice finance
Small business loan
I need a one-time or revolving credit facility Business credit card
Business line of credit
Business overdraft
I need upfront payment on customer invoices or overseas sales Invoice finance
Trade finance
I want to use an asset as security on a loan Secured business loan
I want to use my property as security and don’t need fast approval Traditional bank loan

The 11 most common uses for business loans

  • Fast access to vital cash flow

  • Buy essential equipment and stock

  • Buy and maintain vehicles

  • Pay unexpected bills such as tax bills

  • Hire new staff

  • Acquire new premises or upgrade and refurbish current premises

  • Buy or upgrade IT systems

  • Refinance credit card debt

  • Acquire a competitor

  • Build reputation and brand recognition through marketing and advertising

  • Build a website and establish a social network presence

How to qualify

How long should you take business finance for?

Long-term business loans (loans of three years or more) are often used for financing major business purchases, such as vehicles, assets, and equipment, and will generally require security by the lender. Here’s what you need to know about long-term finance:

Business loans between 1 month and 3 years are often used by established businesses to cover sudden expenses - e.g. buying extra stock, paying a tax bill, or covering fluctuations in your revenue - and can be either secured or unsecured. We cover these types of loans in depth in our Guide to Short-term Business Finance.

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Long-term business finance will often provide lower interest rates than shorter loans.

What are the rates and terms on Business Loans?

Rates applied to your loan will vary, depending on a number of factors such as the type of finance you apply for, the lender, and much more. You can compare current rates and learn more about how lenders apply rates in our Business Loan Interest Rates guide. Alternatively, you can compare equipment finance interest rates here.

How to choose a business lender for a loan

You can apply for a business loan with your bank, non-bank lenders, specialist finance lenders or by working with a finance broker. Finding the best lenders will depend on the type of loan you are applying for and the profile of your business.


If you’re seeking low-cost, long-term finance, and don’t need same-day approval, well-established businesses with assets to use as security may choose to speak to their bank about applying for a traditional business loan.

Non-bank and specialist lenders

The majority of businesses seeking finance often can’t wait two or three weeks for approval. If you need fast approval on a business loan, or you don’t meet the strict criteria for approval through your bank, then your best option may be a non-bank lender or specialist finance lender.


If you are only wishing to finance a vehicle for your business, you may be offered business car finance direct from a dealership. Although this is often the most convenient option in this situation, you will likely get a better rate with lower fees by comparing business loan lenders first.


If you are like the majority of business owners and don’t have the time to research the best business finance options available and compare lenders, you can speak to a business loan broker. A broker will be able to help you identify suitable lenders and compare products, in exchange for a small, one-time fee.

How much funding do you need to grow your business?

Find the best rate now.
Get a quote

How do business lenders assess loan applications?

If you want fast approval on a business loan, you’ll be considering a specialist non-bank lender. These lenders will allow you to apply online, and many will offer same-day approval on an application.

When applying online, lenders will assess your application based on your personal credit profile and the strength of your business in a number of areas. To make a quick and accurate assessment, you’ll often have to provide your ABN and details about:

  • The structure of your business

  • The location of your business

  • The sector your business operates in

  • Your monthly and annual turnover

  • How long you have been operating

  • How much you wish to borrow and for what term

  • Details of the asset you wish to purchase

  • How you will use the funds - i.e. a business plan

  • Personal details - especially where you are required to provide a personal guarantee

How to qualify

To increase your chances of approval, your business plan should illustrate:

  • How the funds will increase revenue for your business

  • Financial projections for the business if approved for finance

  • Details of business expenditure and how you plan to successfully repay the loan

Why do lenders need bank statements for a business loan application?

Lenders will use your bank statements to assess your level of risk as a borrower. It’s vital that your business bank statements are complete and unaltered. Lenders evaluate your business bank statements during the approval process to determine:

  • Your business revenue

  • Daily balance and monthly average

  • Your ability to service the loan based on business revenue

  • How much you can borrow

  • The frequency of deposits and size of your customer base

  • Any payments from the business to cover other debts or loans

Lenders need to review accurate and complete bank statements due to the risk in lending large amounts of money to small businesses. Access to your bank statements allows a lender to assess your ability to repay the full loan amount plus, and meet your regular repayment obligations.

How to qualify

There are a number of reasons lenders need to see bank statements, for example:

  • A business applies for a loan amount which matches their monthly revenue

  • However, the business also spends a large portion of its profits servicing other loan amounts and to finance its employee’s personal expenses

  • While the business can afford the loan amount in relation to its monthly revenue, it cannot afford to meet the regular repayments due to high expenditure

  • The lender cannot justify approving the loan as the closing balance indicates an inability to service the loan amount

Business loan lenders allow you to apply online, and can automate the bank-statement analysis process, which enables them to provide faster approval, often within 24 hours.

Business Loans Summary

The majority of businesses are classified as SMEs (Small-to-Medium-Sized Enterprises), and around 80% of SME owners will consider applying for finance during the lifetime of their business. Business loans are available from a wide selection of lenders and each type of loan will have its own unique purpose and benefits.

In summary:

  • Many types of business finance, each with their own pros and cons

  • Provide fast access to vital cash flow for SMEs

  • Can be used to finance anything relating to a business

  • Do not require a deposit in most cases

  • Can be used to lease or rent assets and equipment

  • Can be obtained from banks for low interest rates

  • Can be obtained from online lenders for fast approval timeframes

Business Loans FAQ

How much am I able to borrow?

The amount you can borrow with a business loan will depend on the revenue of your business, the type of loan you apply for, and the lender’s credit limits. The average is $30,000.

How long does it take to get approved?

You can get same-day approval on many types of business finance by applying with non-bank or specialist finance lenders. If you apply for a business loan through a bank, the process may take a few weeks

Where can I get guaranteed approval on a business loan?

You cannot get guaranteed approval on a business loan, however you can improve your chances of getting approved by making sure you provide all necessary supporting information and illustrate your ability to comfortably make repayments over time.

What are the best interest rates for business loans?

The best interest rates for a business loan are offered on secured forms of business finance and to companies with strong revenue and clear ability to repay the loan amount. Interest rates can be as low as 4.40% and as high as 40%.

Can I get a business loan if I don’t qualify with my bank?

Yes, you can get a business loan from many different non-bank lenders. The qualifying criteria with these lenders isn’t as strict as through major banks, and many will offer same-day approval on various forms of business finance. Non-bank lenders are increasingly popular with SMEs needing fast access to business finance.

How much funding do you need to grow your business?

Find the best rate now.
Get a quote