Compare SME Loan Rates for Your Business

Beyond the headline figure, it's important to understand the full business loan interest and associated fees. Be aware of establishment fees (a one-off setup fee), which contribute to the overall comparison rate, ongoing administration fees (monthly or annually), and potential early exit fees if you pay off the loan ahead of schedule.

Yes, it is possible. Many specialist lenders focus on your recent business performance and revenue rather than just your credit history. While borrowing costs may be higher, options are available.

With non-bank and fintech lenders, funding can be incredibly fast. Once approved, funds can often be in your account in as little as 24 hours, with some approvals happening in just a few hours.

Not always. Unsecured business loans are designed for businesses that don't have or don't wish to use property as security. We work with lenders who can provide up to $250,000 without property security, assessing the loan based on the business's overall financial health and revenue.

In most cases, yes. The interest paid on a business loan is typically considered a business expense and is therefore tax deductible. It's always best to confirm with your accountant.

A secured loan requires collateral (like property or an asset), which reduces the lender's risk and usually results in a lower cost of borrowing. An unsecured loan does not require specific collateral and is approved based on the business's creditworthiness, making it faster but often with a higher cost.

Making an initial enquiry or using a comparison platform typically does not affect your credit score. However, submitting a formal loan application will result in a hard credit enquiry, which is recorded on your credit file.

Yes, many businesses use a loan to clear tax debt. As long as you have a manageable payment plan in place with the ATO and can demonstrate a strong current financial position, many of our specialist lenders will consider your application.

A line of credit is a flexible funding source for ongoing financial requirements. You are approved for a certain limit and can draw down funds as you need them, up to that limit. You only pay interest on the money you have used, and terms can extend up to 3 years.

It can be challenging, as most lenders require a minimum of 6 to 12 months of trading history. However, some specialist lenders may consider startups if they have a strong business plan, secured contracts, or significant director experience.

For a fast online application, you will typically need your ABN/ACN, driver's licence for ID verification, and up to 12 months of business bank statements, which can often be linked securely online.

This depends on the lender and the loan product. Some loans allow for early repayment with no penalty, while others may charge an early exit fee. It is crucial to check for exit clauses and understand these terms before signing the contract.

Invoice finance allows you to borrow against the value of your unpaid customer invoices. A lender will advance you up to 85% of the invoice value upfront, providing immediate working capital instead of waiting 30, 60, or 90 days for payment.