No property security
Business assets such as property do not need to be pledged as security.
Unsecured business loans from $5,000 to $500K for AU
Unsecured business loans for Australian businesses from $5,000 to $200,000. Apply online to check eligibility, business uses and repayment fit, subject to assessment.
Check eligibilityAm I eligible?
You probably are, you just need:
- An active ABN or ACN
- 6+ months in business
- $5,000+ in monthly revenue
What are unsecured business loans?
An unsecured business loan provides funds without requiring property as collateral. Eligible Australian businesses may apply for $5,000 to $200,000 for costs such as stock, wages, supplier invoices or working capital, subject to assessment.
The lender considers trading history, revenue, account conduct, the funding purpose, and repayment capacity. Approval is not guaranteed, and the proposed repayments should fit the business's ordinary cash flow.
For business costs
Funding may support stock, wages, suppliers, tax or working capital.
Eligibility applies
Applicants generally need 6 months' trading history and at least $5,000 in monthly revenue.
Read more about eligibility, loan structures and costs
SimplyFunded generally looks for at least 6 months of trading, monthly revenue of AUD $5,000 or more, active ABN details and a clear business purpose. These are general criteria, not a promise of approval; the lender also assesses the business's circumstances and repayment capacity.
An unsecured loan does not require property as collateral, while a secured loan uses an asset as security. Compare the total cost, fees, repayment schedule and any security or guarantee obligations before choosing. An unsecured option may cost more, so check that repayments remain manageable in an ordinary trading month.
A set loan amount may suit a one-off expense with a clear cost, such as an equipment purchase or supplier order. A line of credit may suit recurring cash-flow gaps, but funds drawn still need to be repaid under the facility terms.
Sole traders may apply where the business can show trading income and repayment capacity. Prepare matching ABN and bank details, recent statements, existing finance commitments and a short explanation of what the funds will pay for.
Check the general business loan requirements and estimate repayments with the business loan calculator. Apply only for an amount the business can repay from expected trading cash flow.
Key loan details
Use these details as a quick fit check before starting an application.
Requirement
Criteria
Notes
Requirement
Loan amount
Criteria
$5,000 to $200,000 AUD
Notes
Subject to assessment
Requirement
Limited company trading history
Criteria
Minimum 6 months
Notes
Australian product criteria
Requirement
Minimum monthly revenue
Criteria
$5,000 AUD
Notes
Recent trading revenue
Requirement
Common uses
Criteria
Cash flow, stock, wages, tax bills, equipment, marketing and growth
Notes
Business purposes only
An unsecured small business loan may help cover working capital, stock, wages, supplier invoices, tax or equipment costs without using property as security. Explain the amount, purpose, and repayment plan in the application.
When comparing options, consider monthly revenue, existing commitments, fees, and the total amount of repayable. A term loan may suit a defined purchase, while a line of credit can suit recurring costs; check the terms and repayment fit for either option.
An unsecured loan may suit a time-sensitive business cost, such as a supplier deadline, payroll cycle, tax bill or stock order. Having ABN details, bank statements, clear funding purposes and repayment information ready can reduce avoidable follow-up.
The assessment, approval, and payment process takes time, and timing depends on the application and any further information requested. There is no guaranteed instant approval or funding time.
A newer business that has started trading may be considered if it can show revenue, a clear funding purpose, and a realistic repayment plan. Funding may support stock, marketing, equipment costs or working capital; pre-revenue businesses may need more trading evidence.
Prepare ABN details, recent bank statements, and a concise explanation of how the funds will be used and repaid. New businesses are subject to the same assessment and affordability checks as other applicants.
Business loans for sole traders can support stock, supplier invoices, wages, tax, repairs or working capital without property security. Sole traders should show a clear separation between business income, expenses and owner drawings so the lender can assess repayment fit.
When comparing unsecured loans for business, sole traders should check the requested amount against an ordinary trading month and provide matching ABN, bank and revenue information. SimplyFunded generally looks for at least 6 months of trading history and AUD $5,000 minimum monthly revenue, subject to assessment.
A business with credit challenges may still apply. Assessment can consider current revenue, trading history, account conduct, existing commitments, funding purpose, and repayment capacity alongside credit history, but approval is not guaranteed.
Be upfront about past credit pressure and explain any relevant changes in the business. Complete statements, matching business details, and a repayment plan based on ordinary cash flow can help clarify the application.
The rate on an unsecured loan reflects the lender's assessment of the business, requested amount, term, and repayment capacity. Because property is not used as security, the cost may be higher than secured lending. Compare total repayment, fees and payment frequency, not just the rate.
Review the offer alongside secured alternatives and use the business loan calculator to estimate repayments. Leave room in the budget for wages, rent, tax, suppliers and owner drawings.
Who Unsecured business loans may suit
SMEs without property security
Businesses that need funding but do not want to use property or major assets as collateral.
Time-sensitive costs
Owners managing supplier deadlines, stock orders, wages, tax pressure, repairs, or project costs.
Clear working capital needs
SMEs that can connect the requested amount to a practical business outcome.
How assessment works
Approval depends on lender assessment. These are the practical points that usually matter.
Trading revenue
Recent business income helps show whether the requested repayments are realistic.
Funding purpose
A clear use of funds, such as stock, wages, suppliers, or project costs, makes the application easier to assess.
Repayment fit
The repayment should leave room for ordinary costs such as rent, wages, tax, suppliers, and owner drawings.
Before you apply
Start with the business problem. A request for AUD $18,000 for stock, freight and campaign costs is easier to assess than a broad request for extra cash. Small business applicants should connect the amount to a clear commercial outcome and a repayment plan that reflects the business's financial position.
Check the repayment against an ordinary trading month, not only a strong month. The loan should leave room for wages, rent, tax, supplier bills and normal owner drawings.
Prepare clean trading evidence before applying. Complete bank statements, matching ABN details and a short funding explanation can reduce avoidable follow-up questions.
Be honest about timing. If the money is needed for a supplier deadline, project start date or tax bill, explain the date and why the business expects revenue to support repayment.
No property security is required, but the business still needs enough trading evidence to assess.
Funding can be used across many small business costs, but the purpose should still be specific.
Applications can move faster when ABN details, bank statements, and the funding reason are clear.
An unsecured loan can cost more than a secured loan because the lender is not relying on property collateral; compare the loan terms and total cost before deciding.
Borrowing more than the business needs can create repayment pressure without adding useful value.
Funding is not suitable if repayments depend only on uncertain future sales.
How to apply for unsecured business loans
- 01Plan
Define the funding need
Set out how much you need, what it will pay for, and when the business needs it. A specific purpose makes the application easier to assess.
- 02Prepare
Prepare your information
Have your ABN or ACN, recent business bank statements, revenue information, existing commitments and a short funding explanation ready.
- 03Assess
Complete the assessment
The lender reviews trading history, revenue, account conduct, affordability, and the proposed repayment fit. Additional information may be requested.
- 04Review
Review the offer
Before accepting, compare the total repayment, fees, payment frequency and term with normal monthly cash flow and existing business costs.
Ready? Get funded today.
Ready to explore unsecured business funding? Share your business details and funding purposes online to check your eligibility.
Business Loan FAQs
Unsecured business loans are assessed on trading history, revenue, cash flow, account conduct and funding purpose rather than property or major asset collateral.
A business with credit challenges may still be able to apply, but approval is not guaranteed. SimplyFunded may consider current revenue, trading history, recent account conduct, existing commitments, funding purpose, and repayment capacity alongside the credit history.
Eligible businesses may use unsecured funding for stock, wages, suppliers, tax, marketing, repairs, equipment-related costs, project expenses or working capital. The purpose should be specific and connected to a realistic repayment plan.
It can. Unsecured funding may cost more than secured lending because the lender is not relying on property collateral. Compare the total repayment, fees and loan terms rather than looking at the rate alone.
Sole traders may be able to apply if they can show trading income and repayment capacity. SimplyFunded generally looks for at least 6 months of trading and monthly revenue of AUD $5,000 or more. These criteria do not guarantee approval.
Mismatched business details, cropped statement screenshots, unclear funding reasons or unexplained recent credit issues can slow the assessment.
Compare the total repayment, payment frequency, and fees against normal monthly revenue. The repayment should work in an ordinary month, not only during peak trade.