Apply online
Complete our short online application with your business and owner details.
60 SECONDS
Business loans for Australian businesses
Apply online for AUD $5,000 to $200,000 to help with working capital, cash flow, stock, wages, suppliers, equipment or growth. Subject to assessment.
Check eligibilityAm I eligible?
You may be, if your business has:
- An active ABN or ACN
- 6+ months in business
- $5,000+ in monthly revenue
Direct lender, not a broker
Australian businesses have several routes when they need funding. Here's how the process compares.
| What you get | SimplyFundedDirect lender | High street bank | Broker / marketplace |
|---|---|---|---|
| Who decides | Our in-house Australian lending team | Bank credit committee | Matches your application with lenders |
| Decision time | Typically within hours | Several days to weeks | Days to weeks plus broker process |
| Funded in | Often within 24 hours of approval | Usually 1–4 weeks | Usually 1–3 weeks |
| Broker fee | None | None | May apply depending on the broker |
| Same person from start to finish | A dedicated SimplyFunded team | Usually different teams | Broker contact, lender contact may vary |
| Best for | Speed, clarity, and flexible SME funding | Businesses willing to wait for a traditional process | Businesses wanting to compare multiple lenders |
Information is indicative and subject to eligibility, affordability checks and the final terms offered.
From application to funding
Four straightforward steps. One direct Australian lender. A clear route from application to funding.
Connect your bank
Securely connect your business bank account so we can understand revenue and affordability.
SECURE & READ-ONLY
In-house decision
Our Australian lending team reviews your application and makes the lending decision directly.
WITHIN HOURS
Get funded
Accept your clear offer and receive funds in your business account, often within 24 hours of approval.
OFTEN SAME DAY
What is a business loan?
A business loan provides a defined amount of funding for a commercial purpose, repaid over an agreed term. It can help a business manage the timing between money going out and revenue coming in, fund a planned purchase or support a practical growth opportunity.
SimplyFunded is a direct business lender for Australian SMEs. Eligible businesses may be considered for unsecured funding from AUD $5,000 to $200,000. The requested amount, purpose and repayment plan need to fit the business's normal trading position.
Approval is not automatic. Trading history, revenue, account conduct, existing commitments, documents, business purpose and affordability are considered as part of the application.
What can a business loan be used for?
Working capital and cash flow
Use funding for a defined business cost when the amount and repayment source are clear.
Stock and inventory
Use funding for a defined business cost when the amount and repayment source are clear.
Wages and supplier payments
Use funding for a defined business cost when the amount and repayment source are clear.
Tax and business expenses
Use funding for a defined business cost when the amount and repayment source are clear.
Equipment and repairs
Use funding for a defined business cost when the amount and repayment source are clear.
Marketing, projects and growth
Use funding for a defined business cost when the amount and repayment source are clear.
Types of business loans to compare
The right funding structure depends on the timing, purpose and repayment source. Compare these common business loan needs before applying.
Fast business loans+For a defined cost where timing matters, such as an urgent repair, supplier payment or stock opportunity.
Read the fast business loans guide to compare the relevant funding situation, costs and assessment considerations.
Unsecured business loans+For businesses that prefer not to offer property or major assets as security, subject to assessment.
Read the unsecured business loans guide to compare the relevant funding situation, costs and assessment considerations.
Short-term business loans+For a specific temporary need with a clear repayment source and a practical exit plan.
Read the short-term business loans guide to compare the relevant funding situation, costs and assessment considerations.
Cash flow loans+For a measurable gap between outgoing business costs and expected customer receipts.
Read the cash flow loans guide to compare the relevant funding situation, costs and assessment considerations.
Low doc business loans+For businesses with trading evidence but a simpler documentation position to explain.
Read the low doc business loans guide to compare the relevant funding situation, costs and assessment considerations.
How do business loans work?
1
Choose the amount
Request only what the business needs and can afford to repay.
2
Explain the purpose
Connect the funds to a quote, invoice, contract or practical outcome.
3
Complete the application
Provide accurate ABN, revenue, trading and bank information online.
4
Review and repay
If approved, review the total cost and schedule before accepting the offer.
Check your eligibility in minutes
See whether your business funding request fits the basic assessment guidelines before completing a full application.
Check your eligibilityBusiness loan eligibility requirements
These are general assessment guidelines for Australian businesses, not a guarantee of approval:
- At least 6 months of trading history is generally preferred.
- Around AUD $5,000 or more in monthly revenue is a basic fit guideline.
- An active ABN and business details that match the application and documents.
- Recent business bank activity showing revenue and ordinary account conduct.
- A clear funding purpose and repayment plan that fits normal cash flow.
Sole traders may also be considered where the funding is for business purposes and income, expenses and owner drawings can be explained clearly. Read the sole trader business loans guide for more detail.
Benefits and considerations
Flexible business purpose
Use funding for practical operating costs, stock, projects or growth when the purpose is clearly explained.
No property collateral
Unsecured funding may suit a business that does not want to offer property or a major asset as security.
Online application
Apply online with business details and supporting information, without a branch appointment.
Check total cost
Compare interest, fees, payment frequency and total repayment rather than looking only at the headline rate.
Protect cash flow
Test repayments against an ordinary month after payroll, suppliers, tax, rent and other costs.
Understand guarantees
Ask about any personal guarantee, security or other obligations before accepting an offer.
Borrowing should support a clear commercial need, not ongoing losses. Use the business loan calculator to test a repayment, then compare the business loan rates and requirements pages before applying.
Things to consider before applying
- Total cost: Compare the interest, establishment fees, ongoing charges, repayment frequency and total amount repayable.
- Repayment fit: Make sure the proposed repayment works in an ordinary trading month after wages, suppliers, tax, rent and other costs.
- Personal guarantee: Ask whether a personal guarantee or other obligation applies and understand what it could mean if the business cannot repay.
- Funding purpose: Keep the request tied to a specific cost or outcome, rather than borrowing more than the business needs.
- Credit and account conduct: Recent missed payments, returned transactions or existing debt may need context during assessment.
How to apply for a business loan
A clear application gives the lender a better view of the business and can reduce avoidable follow-up questions.
1
Complete the online application
Enter the business name, ABN or ACN, contact details, requested amount and funding purpose.
2
Provide trading information
Share the revenue, trading history, bank activity and existing commitment details needed for assessment.
3
Explain how the funds will be used
A quote, invoice, order, contract or simple cost breakdown can help connect the request to a commercial outcome.
4
Review the offer carefully
If approved, check the repayment schedule, fees, total cost, security and any guarantee before accepting.
Frequently asked questions
What is a business loan?+
A business loan is funding provided for a commercial purpose and repaid over an agreed term. It may help an Australian business manage working capital, stock, wages, suppliers, tax, equipment-related costs or growth, subject to assessment and final terms.
How much can I borrow from SimplyFunded for my business?+
SimplyFunded considers unsecured business funding from AUD $5,000 to $200,000, subject to assessment. The amount depends on trading history, revenue, account conduct, existing commitments, the funding purpose and repayment capacity.
Can I get an unsecured business loan in Australia?+
Eligible Australian businesses may be considered for unsecured funding without offering property or a major business asset as collateral. Unsecured does not mean assessment-free: revenue, trading history, bank activity, commitments and affordability still matter.
What are the requirements for a business loan?+
SimplyFunded generally looks for at least 6 months of trading, around AUD $5,000 or more in monthly revenue, an active ABN, recent business activity and a clear commercial reason for borrowing. These are guidelines, not a guarantee of approval.
What can I use a business loan for?+
Funding may support stock, inventory, wages, supplier invoices, tax, marketing, repairs, equipment-related costs, project mobilisation, working capital or a defined growth activity. The purpose should be specific and linked to a realistic repayment source.
How quickly can a business loan be funded?+
Complete eligible applications may be reviewed quickly, and approved funds may be available within 24 hours. Timing depends on the information supplied, assessment, final approval, acceptance, bank processing and other checks. Funding timeframes are not guaranteed.