Unsecured business loans
No collateral. No compromise.
Up to $500,000 in unsecured business finance from our lending network. No assets required.
Apply in minutes and receive a decision within hours. No property valuations, no weeks of waiting. Just fast, cash-flow-based lending.
Apply now
2 minutes · Soft check only · Free
Best fit: $10K+ monthly revenue · 12+ months trading · Active ABN · Loans from $10K
After you submit:a broker calls within 2 hours — often from a mobile or private number, so please pick up. They’ll send a 30-second privacy form to e-sign, then ask for your last 6 months of business bank statements. Have those ready and you could have quotes today.
The details
Unsecured loans at a glance
Eligibility
Active ABN
Registered and trading in Australia
12+ months trading
Minimum 12 months of business activity
$10,000+/month revenue
Cash flow consistency matters more than exact threshold
Bank statements
3–6 months of transaction history (no tax returns needed)
Any industry
Construction, hospitality, retail, services, and more
What lenders assess
What an unsecured lender is really looking at
An unsecured lender can't fall back on your property, so they underwrite the thing that actually repays the loan: your cash flow. Here is what they read, and what quietly trips applications up.
Revenue that arrives regularly
A lender reading your bank statements wants to see money arriving regularly, not one big month carrying a quiet quarter. Steady beats spiky. If your trade is seasonal, be ready to explain the pattern.
Your ATO position
A tax debt is not an automatic no. An unmanaged one is a red flag; a debt already on a payment plan you are meeting tells the opposite story, that you handle your obligations. If you can, get the plan in place before you apply, not after.
Serviceability against what you already owe
The lender adds the new repayment to your existing commitments and checks the total still leaves room to trade. Two small facilities you had half-forgotten about are a common reason a clean application gets trimmed back.
The cost: a factor rate is not an interest rate
Unsecured business loans are often priced as a factor rate rather than an annual percentage rate, and the two are not the same animal. Say you borrow $50,000 at a 1.2 factor rate. You repay $60,000, and paying it off early does not save you a cent, because that $10,000 is fixed at the start rather than accrued over time. An APR loan works the other way: interest builds on the balance, so clearing it early costs you less. Neither is a trick. But compare a factor rate to an APR as if they are the same number and you will misread what you are paying. We work the maths through here.
The director's guarantee
Unsecured means no property is pledged. It does not mean no one stands behind the loan. The primary director almost always signs a personal guarantee, and if the business can't pay, the lender can pursue you personally for the balance. It rarely comes to that. Sign it knowing what it means.
Indicative unsecured rates in 2026
Rates vary with lender, loan size, trading history, and risk profile. These are indicative ranges, not offers — always calculate the total cost, especially where the product is priced as a factor rate rather than an APR.
Common uses
When unsecured is the right call, and when it isn't
It is the right tool for a short cash-flow gap, a fast opportunity, or a purchase that pays for itself inside the term. You are buying speed and keeping your assets clear. It is the wrong tool for a long-lived asset that should be financed against itself, which is what equipment finance is for, usually at a lower rate. If the gap recurs rather than arriving once, a revolving business line of credit may suit better, since you only pay interest on what you draw. And it is the wrong tool for propping up a business that is shrinking rather than simply timing-constrained. A good broker tells you when not to borrow. So will we.
Lender comparison
How Australian unsecured lenders compare
Major non-bank lenders offering unsecured business loans in Australia. Every figure below is published by the lender itself. Follow the source link on each row to check it.
Last verified: 10 July 2026
| Lender | Max amount | Term | Min. trading | Source |
|---|---|---|---|---|
| Prospa | $500K | Up to 60 months | 6 months | Prospa criteria |
| OnDeck | $300K | 6–24 months | 12 months | OnDeck criteria |
| Lumi | $1M | Up to 60 months | 6 months | Lumi criteria |
| Moula | $500K | Up to 60 months | 12 months | Moula criteria |
The maximum amount shown is each lender’s published ceiling. Maximum amounts and minimum criteria are not necessarily available together: larger facilities typically require longer trading history than the minimum shown, and the biggest amounts may require security or be asset-backed, so the unsecured limit can be lower.
Avoir's panel is not whole-of-market. Not every lender listed here is one we can refer you to. These figures are published by the lenders themselves and were last verified on the date shown. Rates and criteria change — check with the lender before relying on them.
What it costs
What unsecured business loans actually cost in Australia
The big four publish unsecured business loan rates in the low teens. Most non-bank lenders either publish a wide range or no rate at all, and price each deal after assessment. The gap between the two is the price of speed, lighter paperwork and a wider credit appetite.
| Lender | Published rate | Fees | Amounts |
|---|---|---|---|
| ANZ GoBiz | 12.74% p.a. | $0 upfront, $0 admin | $10K to $200K |
| NAB QuickBiz Loan | 12.95% p.a. fixed | $0 upfront and ongoing | $5K to $250K |
| CBA BetterBusiness Loan | From 12.84% p.a. (unsecured, online) | $35 a month plus establishment fee | Up to $250K unsecured |
| Shift Term Loan | From 14.95% p.a. | Establishment fee up to 4% | Varies |
| Moula | 15.99% to 35.99% APR | 2% establishment | $10K to $500K |
| Prospa | Not published | 2% to 3.5% origination | $5K to $500K |
| Lumi | Not published (quotes total repayable) | Establishment fee | Up to $1M |
| Bizcap | Factor rate, not published | Establishment fee | $5K to $7.5M |
Bank rates are for borrowers who meet bank criteria; many applicants who come to non-bank lenders do not. Avoir’s indicative range for non-bank unsecured finance is 15% to 30% p.a.
Read the quote
Factor rates look cheaper than they are
Some lenders quote a factor rate: you repay the amount borrowed multiplied by the factor, for example 1.2. That sounds like 20%. It is not, because you start repaying straight away and the cost is charged on money you have already paid back.
| Pricing | Repayment | Total cost | Equivalent annual rate |
|---|---|---|---|
| 15% p.a., monthly repayments | $9,026 a month | $8,310 | 15% p.a. |
| 30% p.a., monthly repayments | $9,749 a month | $16,985 | 30% p.a. |
| 1.2 factor rate, weekly repayments | $2,308 a week | $20,000 | About 37% p.a. (44.6% effective) |
Avoir calculation, before fees. The factor-rate equivalent solves for the weekly rate that repays $100,000 with 52 payments of $2,307.69. An origination fee taken from the advance pushes the true rate higher again.
Ask every lender for the total amount repayable and the repayment schedule, and compare those. Lenders signed up to the Australian Finance Industry Association’s Online Small Business Lenders Code must give you a standard pricing summary (the SMART Box) before you accept.
Business-purpose loans generally sit outside the National Credit Code, which protects consumer borrowers. That makes reading the contract yourself more important, not less.
Honest advice
When unsecured is the wrong choice
| If you need to | Look at instead | Why |
|---|---|---|
| Buy a truck, excavator or equipment | Equipment finance | The asset is the security, so the rate is usually closer to secured lending |
| Borrow and you own property | A residentially secured loan | Bank small business loans secured by residential property averaged about half a point below the small business average (RBA, July 2026) |
| Cover a recurring cash-flow gap | Line of credit | You pay interest only on what you draw |
| Wait on customer invoices | Invoice finance | Funding grows with your sales ledger |
Unsecured makes sense when speed matters, you have no suitable security, or the amount is small relative to the cost of arranging security.
Sources · checked 3 October 2026
- ANZ GoBiz unsecured business loans
- NAB QuickBiz Loan
- CBA BetterBusiness Loan
- Shift rates and fees
- Moula business loans
- Prospa business loans
- Lumi product FAQ
- Bizcap
- AFIA Online Small Business Lenders Code
- ASIC: National Credit Code
- Avoir Australian Business Lending Index (RBA Table F7)
General information only, not financial, legal or tax advice. Lender criteria change; anything marked lender- or broker-published is their statement, not Avoir's.
Common questions
Can I get a business loan without property security?
Yes. Non-bank lenders offer unsecured business loans where approval is based on your cash flow and trading history rather than property. Avoir matches you with lenders who specialise in unsecured finance, so no real estate or physical assets need to be pledged.
How do unsecured business loans work in Australia?
You apply with basic business details and bank statements, and the lender assesses your revenue and cash flow to determine eligibility. Because there's no property valuation or complex security documentation, non-bank lenders on Avoir's panel can deliver decisions in hours rather than weeks.
What's the difference between a secured and unsecured business loan?
A secured loan requires collateral, typically property, which the lender can claim if you default. An unsecured loan requires no collateral, so your assets aren't at risk. You usually pay a higher rate for that, because the lender is carrying more risk. Avoir's non-bank lending partners keep the process fast and the assessment focused on your actual cash flow.
How fast can I get an unsecured business loan?
Most applicants receive a decision within 2 business hours, with funds transferred within 24 hours of approval. Because non-bank lenders don't require property valuations, the process is much faster than traditional bank lending.
What's the minimum revenue required for an unsecured business loan?
Most lenders in Avoir's network require minimum revenue of $10,000 per month, though requirements vary by lender. Consistency counts for more than the headline number. A lender reads your recent bank statements to see how the money moves through the business, because the total alone won't tell them whether it arrives reliably.
Can I borrow with an ATO debt?
Often yes. An ATO tax debt doesn't automatically rule you out — non-bank lenders read it as one line item in your cash flow, and an active payment plan changes how it's assessed. Some lenders will even advance funds specifically to clear a tax debt. Guide: business loans with an ATO tax debt
How much can I borrow without security?
Most Australian non-bank lenders offer unsecured business loans from $10,000 up to $500,000. The maximum depends on your revenue — facility sizes are generally set as a proportion of monthly revenue, and the multiple varies by lender.
Do I need to provide financial statements?
Many online lenders assess applications from bank statements rather than formal financials, which is why the process is faster than a traditional bank application. Tax returns and P&Ls are typically not required at the enquiry stage. Bank-statement-only loans