At a glance
| Security | None (a director's guarantee is usual) |
|---|---|
| Assessment | Recent business bank statements |
| Trading history | 6+ months with regular deposits |
| Repayments | Fixed daily, weekly or fortnightly |
| Funding | As little as 2 hours |
How unsecured business loans work
If your business has steady deposits, those deposits are your security. We connect to your business bank account read-only, see your real trading in minutes and give you a decision fast.
Unsecured loans suit shorter, sharper needs: stock, repairs, a marketing push, a new hire or smoothing a slow month.
Who it suits
- Trading businesses without property
- Needs from a few thousand to several hundred thousand dollars
- Owners who want a fixed, predictable repayment
- Businesses that can't wait for financials
How it works
- Check eligibility60 seconds online, with no credit score impact.
- Connect your bank statementsA secure, read-only link that takes a few minutes. No tax returns.
- Get a decisionOften within hours, with repayments set out clearly.
- Get fundedIn as little as 2 hours after approval.
What you'll need
- Driver licence
- An active ABN and 6+ months trading
- Read-only access to your business bank statements
- A few basic business details
Not needed: No tax returns, financial statements or property.
A florist stocking up for Mother's Day
A Canberra florist needed $35,000 in stock and casual staff for Mother's Day, her biggest week of the year. On eight months of bank statements, she was approved the same morning and funded by lunch, and she repaid the loan early from the week's takings.
Frequently asked questions
How much can I borrow unsecured?
Unsecured amounts are sized to your turnover. As a guide, many businesses qualify for around one month of turnover or more. If you need more and own property, a secured loan can reach $5 million.
What do I need to apply?
Your ABN, driver licence and read-only access to your business bank statements. That's usually it.
Is an unsecured business loan faster than a secured one?
Usually, yes. With no property to check, unsecured loans can be funded in as little as 2 hours. Secured loans take about 24 hours but allow much larger amounts.
Does it cost anything to apply?
No. There's no cost to apply or check your eligibility. All costs are set out in writing in your loan offer before you sign anything.
Will checking my eligibility affect my credit score?
No. Our 60-second eligibility check doesn't make a credit enquiry. A credit check is only done later, with your consent, if you decide to proceed.
