Trading and revenue
SimplyFunded generally looks for at least six months of trading and around AUD $5,000 in monthly revenue. Assessment also considers recent business activity and the stability of income.
Small business loans from $5,000 up to $200,000
Small business loans from AUD $5,000 to $200,000 for Australian businesses. Explore uses, eligibility, and the application process with SimplyFunded.
Check eligibilityAm I eligible?
You probably are, you just need:
- An active ABN or ACN
- 6+ months in business
- $5,000+ in monthly revenue
Small business loans for practical business needs
A small business loan can help an Australian business meet a specific commercial cost when its timing, amount and repayment plan are clear. SimplyFunded considers funding from AUD $5,000 to $200,000 for eligible businesses, subject to assessment. A business loan for small businesses may support working capital, stock, wages, suppliers, tax, equipment-related costs or growth.
Loans for small business are assessed on the business as a whole. Trading history, revenue, recent bank activity, existing commitments, the purpose of borrowing and ability to repay can all matter. SimplyFunded generally looks for at least six months of trading, around AUD $5,000 in monthly revenue and an active ABN. These are general indicators only; meeting them does not guarantee approval.
Before applying, decide what the funding will pay for and check repayments against an ordinary trading month. Consider the total repayment, fees, payment frequency and term, and leave room for operating costs and tax. You can review business loan requirements or estimate repayments with the business loan calculator. If existing commitments are already putting pressure on cash flow, read our guide to debt help for small businesses before deciding whether more borrowing is appropriate.
Small business loan eligibility and assessment
These general indicators can help you prepare; they are not a promise of approval.
Business details
Have an active ABN or ACN and make sure the business name and details match across your application and supporting records.
Banking and commitments
Recent business bank statements help show revenue, regular expenses, account conduct and existing repayments. Include current finance commitments accurately.
Purpose and affordability
Explain what the loan will pay for and how the business expects to meet repayments after wages, rent, tax, suppliers and other ordinary costs.
A complete application may still need clarification or additional documents. Assessment can include business verification, credit information, affordability and repayment capacity. Do not submit cropped or altered statements; provide accurate records and ask what else is needed if a document is unavailable.
What can a small business loan help with?
Match the funding amount to a defined business expense and a realistic repayment source.
Working capital
Manage a defined gap between business income and operating costs, with a repayment plan based on normal trading.
Stock and suppliers
Fund stock purchases or supplier invoices when the timing supports a practical business need.
Wages and tax
Address a specific payroll or tax expense while checking that repayments leave room for future obligations.
Equipment and repairs
Cover equipment-related costs or essential repairs that help the business continue operating.
Growth plans
Support a defined growth activity when the expected benefit and repayment source are realistic.
Repayment fit
Compare repayments with ordinary revenue, rent, wages, tax, suppliers and owner drawings before borrowing.
Small business loan details
Use these general details as an initial fit check. Final terms depend on assessment.
Loan amount
AUD $5,000 to $200,000
Trading history
Generally, at least 6 months
Monthly revenue
Generally, around AUD $5,000 or more
Security
Unsecured options may be available
Business purpose
Funding is for eligible commercial purposes
Choosing a business loan for your small business
Start with the reason for borrowing, then compare the amount and repayment structure with available cash flow. A smaller request tied to an invoice, stock order or repair can be easier to explain than a broad request for extra funds. Keep projections realistic and consider what happens if sales are lower than expected.
Unsecured funding does not require property security, but it still involves an assessment and may cost more than secured finance. Compare the total cost and terms before proceeding. If you specifically need funding without property security, read about unsecured business loans. An application does not guarantee approval or a particular funding timeframe.
How to apply for a small business loan
- 01Plan
Set the amount and purpose
Identify the cost the loan will cover, when the money is needed and the business outcome you expect. Request an amount that matches the need.
- 02Prepare
Gather business information
Have your ABN or ACN, recent business bank statements, revenue details, existing commitments and a short funding explanation ready.
- 03Apply
Submit an application
Complete the online application accurately. The lender reviews trading history, revenue, account conduct, affordability, and the proposed repayment fit.
- 04Review
Check the offer
Before accepting, compare the total repayment, fees, frequency and term with cash flow in an ordinary trading month.
Benefits and trade-offs to weigh
Compare the convenience of funding with its full cost and effect on business cash flow.
What may suit your business
- Online application for a defined business funding need.
- Funding from AUD $5,000 to $200,000 may be considered.
- Unsecured options may be available without property security.
- Funds can support several eligible operating and growth costs.
What to check carefully
- Approval depends on assessment; meeting general criteria is not a guarantee.
- Unsecured funding may cost more than secured alternatives.
- Repayments reduce cash available for wages, suppliers, taxes, and other costs.
- Review any guarantee, fees, payment frequency, term and missed payment conditions in the offer.
SimplyFunded considers unsecured business funding, but whether a personal guarantee applies depends on the offer. Confirm all security and guarantee obligations in the documents before accepting.
Ready? Get funded today.
Ready to explore unsecured business funding? Share your business details and funding purposes online to check your eligibility.
Start with a clear business purpose and amount, then submit the online application with your business details. Have your active ABN or ACN, recent business bank statements, revenue information and existing commitments ready. SimplyFunded assesses each application and may request more information before making an offer.
To get a small business loan, show that the business is trading, explain what the funds will pay for, and demonstrate how repayments could fit ordinary cash flow. SimplyFunded generally looks for at least six months of trading and around AUD $5,000 in monthly revenue. These are general criteria, not a promise of approval.
You may be eligible if you run an Australian business with an active ABN, trading history, revenue and a defined business funding need. Eligibility depends on the full assessment, including recent account conduct, existing commitments, and repayment capacity.
Choose an amount linked to a practical cost, prepare accurate business and bank information, and complete the online application. Review any offer carefully, including the total repayment, fees, repayment frequency and term, before deciding whether to accept.
The usual steps are to define the funding need, gather business records, apply online, respond to any assessment questions, and review the offer. Approval and timing depend on the application and lender assessment; neither is guaranteed.
Eligible funding may support working capital, stock, wages, supplier invoices, tax, repairs, marketing, equipment-related costs or a defined growth activity. The use should be commercial, and the proposed repayments should remain manageable alongside normal expenses.
SimplyFunded considers unsecured business funding from AUD $5,000 to $200,000, subject to assessment. The amount offered depends on trading evidence, revenue, account conduct, existing commitments, purpose and repayment capacity.
Be ready to provide your ABN or ACN, business and contact details, recent business bank statements, revenue information, existing finance commitments and the reason for borrowing. The lender may ask for further information during assessment.
Credit and business checks may form part of an application assessment. Check the application information and ask SimplyFunded which checks apply before submitting if you are unsure. Do not assume an enquiry has no effect on your credit file.
SimplyFunded considers unsecured business funding, which does not require property or major business assets as security. Unsecured does not mean assessment-free, and a personal guarantee or other conditions may depend on the specific offer. Review all documents and obligations before accepting.
Pricing, fees, term, and repayment frequency depend on the offer and assessment. Review the total amount of repayable, all fees, repayment dates, and what happens if a payment is missed. The repayment should fit ordinary cash flow, not depend on an unusually strong month.
Timing depends on eligibility, complete information, assessment, follow-up checks, offer acceptance, and payment processing. SimplyFunded does not guarantee approval or a particular decision or payout time. Responding promptly to reasonable information requests can help avoid preventable delays.
A business needs trading evidence for assessment. SimplyFunded generally looks for at least six months of trading and around AUD $5,000 in monthly revenue, so a pre-revenue startup or a business with limited trading history may not fit these general criteria.