AUD $5k-$200k
Loan range
6 months
Trading history
AUD $5k+
Monthly revenue
24 hours
Funding possible
Business Loan Requirements Australia
Business loan requirements vary by lender, loan type and the amount requested. Most lenders look for consistent trading history, clear revenue evidence, a reasonable funding amount and a business-purpose use of the funds. The specific criteria for unsecured funding are covered on our dedicated page for unsecured business loans.
This page covers the common criteria, documents and practical steps that apply to most business loan applications in Australia. If you are looking for a simpler document process, review the low doc business loans guide alongside this page.
Standard business loan criteria
At least 6 months of trading history for limited companies and sole traders.
Minimum AUD $5,000 monthly revenue from business trading activity.
Australian ABN or business registration in the applicant's name.
A clear business-purpose reason for the funding.
Recent bank statements or trading evidence to verify revenue.
Consistent account conduct without unexplained recent pressure.
Documents you may need for your application
ABN and business registration details.
Recent bank statements for the main business trading account.
Identification documents for the business owner or directors.
Invoice or quote if funding is for a specific purchase or contract.
Existing loan or lease statements if the business has current commitments.
How requirements differ by loan type
Unsecured loans: assessed on revenue, trading history and cash flow without requiring property or asset collateral.
Low doc loans: fewer formal documents may be requested, but bank statements or other trading evidence can still be required.
Vehicle or equipment loans: the asset purpose, cost and useful life are reviewed alongside business revenue and affordability.
Short term funding: speed depends on complete information, not a faster assessment process.
Check your eligibility
SimplyFunded requires at least 6 months trading history and AUD $5,000 minimum monthly revenue. If your business meets these criteria, you can start an application online.
Related funding options
You can also review business loan FAQs or speak with the team through the contact page.