MaxFunding Review

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Small Business Lender Review - MaxFunding


As one of Australia’s leading small business funding facilitators, Max Funding understand what you go through as a small business owner. They appreciate that every business is different and has its own unique set of objectives and challenges. With that in mind, they strive to tailor each loan to the borrower.

Max Funding have provided loans to more than 8,500 Australian SMEs in more than 130 industries, and they have a team of friendly lending specialists to help you – each member of their team has been recruited for their knowledge and expertise within the finance industry.

They offer unsecured business loans of up to $300,000, with a swift online application process and a pre-approval time of just 5 minutes. They have flexible funding criteria to suit emerging businesses, and you can tailor your repayment schedule to suit your cash flow.



Name Max Funding Unsecured Business Loan
Min Loan Amount $2,000
Max. Loan Amount $300,000
Minimum Loan Term 1 month
Maximum Loan Term 12 months
Loan Security Unsecured
Repayments Weekly, or tailored repayment plan

Qualification criteria

Type Criteria
Minimum turnover $6,000 per month
Minimum trading period 6 months


Max Funding offer interest rates from 1.8% per month, but the actual rate you are offered will depend on various factors such as your credit rating and risk profile, how much you want to borrow and how long you need your loan for.

Max Funding believe in transparency. All fees and charges will be laid out in your loan agreement, and if you are able to pay off your loan early, you’ll save interest.

How to apply

You can complete a simple, obligation-free application form online and get pre-approval / confirmation of eligibility within just 5 minutes. Max Funding will not conduct a credit check unless you proceed to the next stage.

You’ll then need to provide supporting documents – 6 months of bank statements and your drivers’ licence. You can upload copies of your bank statements or provide read-only access to your online banking to speed up the verification process.

Once your application has been reviewed you will be sent a loan contract to sign electronically. Once that is signed, the money will be deposited directly into your bank account the same business day.

How Does MaxFunding Compare?

Lender Product Term Loan Range Interest Type Fees Security Repayments
MaxFunding Business Lender Logo Max Funding Unsecured Business Loan 1 – 12 Months $2k – $300k From 1.8% per month Fees are laid out in loan agreement Unsecured Weekly or tailored
Prospa Business Lender Logo Prospa Business Loan 3 – 24 Months $5k – $300k Simple interest rate Establishment fee No asset required up to $100k Weekly or fortnightly
Spotcap Business Lender Logo Spot On Business Loan 1 – 24 Months $10k – $250k Percentage, but only on balance drawn Drawn on fee (% of credit limit) Unsecured Weekly, fortnightly or monthly
GetCapital Business Lender Logo GetCapital Flexible Business Loan 6 – 24 Months $5k – $500k Percentage 2% Draw down fee, plus $3.85 direct debt fee per week Unsecured Weekly
Businessloans Business Lender Logo Flexible Business Loan 6 – 24 Months $5k – $500k From 0.87% per month 2% Draw down fee, plus $3.85 direct debt fee per week Unsecured Weekly
Ondeck Business Lender Logo OnDeck Small Business Loan 6 – 24 Months $10k – $250k Percentage Establishment fee of 2.5% Unsecured Daily or weekly
Moula Business Lender Logo Moula Business Loan 6 – 12 Months $5k – $250k 0.75% to 2% per fortnight None Unsecured Fortnightly
Beyond Merchant Capital Business Lender Logo Beyond Merchant Capital Unsecured Business Loan 9 – 12 Months $10k – $500k Factor Rate None Unsecured Daily or weekly
Business Fuel Business Lender Logo Business Fuel Business Loan 3 – 18 Months $5k – $250k Factor Rate None Secured or Unsecured Weekly or monthly

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