Small Business Loans | Compare 60+ Australian Lenders
AI Loan Comparison Search
60+ Banks & Lenders
Best Offers Instantly
Running or expanding a business often requires funding beyond what’s in your current cash flow. That’s where a small business loan can help. At Get Approved Loans, we make it easy to compare business loans from over 60 Australian lenders, including the Big Four banks and trusted non-bank lenders. Whether you’re hiring staff, upgrading equipment or covering tax debt, our AI-powered loan comparison tool finds loan options tailored to your needs.
What is a Small Business Loan?
A small business loan is a form of financing designed to help business owners cover a wide range of expenses, from managing day-to-day operations to scaling up. These loans can be secured or unsecured, with flexible repayment terms depending on the lender and loan type.
At Get Approved Loans, you can compare interest rates, terms, and eligibility criteria across multiple Australian lenders to find the right fit for your business.
What Are the Requirements for a Business Loan?
While requirements vary by lender, most business loan providers will look at:
-
Business ABN or ACN (Active for at least 6–12 months)
-
Proof of income – bank statements, BAS, or financials
-
Credit history – both business and personal
-
Business activity – turnover, industry, and trading history
-
Security – assets or property (for secured loans)
Our smart platform can help match you with lenders even if you’re a newer business or have a less-than-perfect credit history.
Types of Business Loans
There are a variety of business loan types available depending on what you need funding for:
Secured Business Loans
Backed by collateral such as property, vehicles, or equipment. Usually offer lower interest rates.
Unsecured Business Loans
No collateral required. Ideal for fast funding, but interest rates may be higher.
Line of Credit
Flexible borrowing facility where you only pay interest on the funds you use.
Equipment Finance
Specifically used to purchase vehicles, machinery, or tech equipment.
Invoice Finance
Advance funding based on your unpaid customer invoices.
Reasons to Apply for a Business Loan
No matter your business goals, a loan could help you move forward. Here are some common reasons business owners in Australia apply:
Cash Flow Finance
Cover day-to-day operational costs when income is seasonal or irregular.
Business Debt Consolidation
Simplify your financials by combining multiple debts into a single repayment.
Tax Debt
Avoid ATO penalties with a loan to settle outstanding tax obligations.
Invoice Finance
Access cash tied up in unpaid invoices to boost working capital.
Staff Wages
Support your workforce during growth phases or seasonal demand.
Business Expansion
Open a new location, enter new markets, or scale operations.
Marketing Costs
Fund ad campaigns, social media, and promotional activity.
Office or Retail Fitouts
Upgrade or redesign your commercial space for growth or branding.
Vehicles & Equipment
Finance a business car loan or fund wheeled equipment and tools.
Plant & Machinery
Purchase larger manufacturing or construction machinery.
Office Equipment & Software
Buy computers, servers, and industry-specific software.
Merchant Facilities & Corporate Cards
Enhance payment processing or improve expense management.
Compare the Big 4 Banks and Non-Bank Lenders
At Get Approved Loans, we give you access to a wide range of business finance providers, including:
-
Commonwealth Bank business loans – Trusted institution with tailored products for SMEs.
-
Westpac business finance – Flexible terms and tools for managing business cash flow.
-
NAB business lending – Competitive rates and industry-specific loan packages.
-
ANZ small business loans – Specialist support and flexible structures.
Plus, we compare alternative lenders like Prospa, Lumi, Moula, and Judo Bank, who often offer faster approvals, less paperwork, and options for low-doc or unsecured business loans.
Secured vs Unsecured Business Loans
🔒 Secured Business Loans
-
Lower interest rates
-
Larger loan amounts
-
Backed by an asset (property, vehicles, or invoices)
🔓 Unsecured Business Loans
-
Faster approvals
-
No collateral required
-
Shorter loan terms, ideal for immediate needs
Not sure what suits you best? Our platform can show you both secured and unsecured options side-by-side.
Why Use Get Approved Loans?
We simplify the loan comparison process with advanced AI tools and industry knowledge. With Get Approved Loans, you can:
Compare over 60+ Australian lenders in minutes
See interest rates, fees, and repayment terms side-by-side
Find secured or unsecured loan options to suit your business goals
Get matched with lenders based on your ABN, revenue, and credit profile
Flexible Loan Amounts and Terms – Customised repayment options to suit your budget.
Transparent and Stress-Free Application Process – Simple, straightforward, and no hidden fees.
Small Business Finance Frequently Asked Questions
hidden tab
What types of business loans can I apply for in Australia?
Australian business owners can access a range of loan options including secured and unsecured business loans, equipment finance, invoice finance, lines of credit, and short-term loans. Each type suits different needs, from covering everyday expenses to purchasing machinery or funding expansion.
What’s the difference between secured and unsecured business loans?
A secured business loan is backed by an asset such as property or equipment, often resulting in lower interest rates. An unsecured loan doesn’t require collateral, which can mean faster approval times but potentially higher interest rates and shorter loan terms.
Can I get a small business loan with bad credit or no financials?
Yes, some lenders in Australia offer low-doc or bad credit business loans. These are typically unsecured and come with higher interest rates. Get Approved Loans compares options from over 60 lenders to help match you with a loan that suits your business profile—even if your credit isn’t perfect.
What can I use a business loan for?
Business loans can be used for a variety of purposes including cash flow, staff wages, marketing, tax debt, equipment purchases, business expansion, vehicle finance, fitouts, and more. Whether you’re growing your business or covering short-term expenses, there’s a finance option to suit your needs.
Business Finance Application Process
Applying for a business loan with Get Approved Loans is quick and easy—simply complete our online application, compare options from over 60 lenders, and get approved in minutes!
Step 1
Input
Enter your details into our AI-powered options tool, and it will instantly calculate and present the best available options for you!
The more information you provide, the more precise your loan options will be.
Step 2
Compare
Let our AI options tool handle the work instantly—no waiting required!
With access to over 75 lenders, our AI options tool will personalise and present the best results tailored to your priorities.
Step 3
Choose
Now comes the easy part! Choose from the list of lenders, and if you need more clarity, the platform can provide detailed insights to help you find exactly what you’re looking for.
For a more personal touch, our Customer Service Consultants are always available to chat.
Get Started Today
Apply online with Get Approved Loans with confidence, knowing you’ve secured the best possible loan to suit your business situation.