Quick Loans: 10 Best Small Business Lenders

1. Prospa

Prospa is Australia’s leading small business lender, providing fast and easy access to finance for businesses of all sizes. They offer business loans and lines of credit up to $500,000, with no hidden fees or charges. Their simple online application takes just minutes to complete, and they can have you approved in as little as 24 hours. So if you’re looking for fast, easy financing for your business, Prospa is the right choice.

• Small business loans from $5,000 to $500,000 
• Line of Credit can be anywhere from $2,000 to $150,000
• Unsecured loans are offered up to $150,000
• Loan terms of up to 3 years.
• No compounding interest, no penalties for early repayment and no additional fees

• 6 months minimum time in business required
• Funding is possible in as little as 24 hours with no asset security required upfront up to $150K
• Fixed terms and rates, with a specialist Business Lending Specialist assigned to help you every step of the way
• Quick application process with minimal paperwork

2. Max Funding

Max Funding is Australia’s fastest and simplest business loan process. They work to provide small business owners with the finance they need, when they need it. With a focus on speed and simplicity, they make it easy for business owners to get the money they need – without all the hassle. Apply now and get funded in as little as 24 hours.

• Loans up to $1,000,000
• Interest rates are as low as 1.50% per month.
• Loan terms of up to 3 years.
• Pre-approval in just 3 minutes and a response within one hour during normal operating hours.

• No minimum time in business required
• No penalties or charges for early repayments. 
• Funding possible in as little as 24 hours

3. Lumi

Lumi is a small business lender that’s shaking up the industry with its innovative products and customer-centric approach. With a team of experienced lenders, Lumi is committed to helping Australian businesses grow and succeed. They offer fast, simple, and flexible financing options that are designed to meet the unique needs of small businesses. So if you’re looking for a trusted partner who understands your business, look no further than Lumi.

• Loans from $5,000 to $500,000
• Low Doc and Unsecured business loans of up to $300,000
• Repayment periods of up to 36 months
• 6 months minimum time in business required

• Get a response in as little as 2 hours and receive funds within the same day
• No early repayment fees and no hidden charges
• No collateral needed for loans up to $300,000

4. Capify

Capify is Australia’s first alternative and accessible unsecured small business lender. With over 13 years experience, they understand the highs and lows of running a small business.

They are passionate about helping small business owners achieve their goals, so they can get back to the things they enjoy in life. Capify offers a range of lending products that are flexible and adaptive, so you can get the funding you need when you need it most.

• Small business loans from $5,000 to $500,000 with same day approvals
• 6 months minimum time in business required
• Loan terms of up to 13 months
• No financials, tax returns or BAS for loans under $75,000

• Fixed daily repayments
• Simple application that takes less than 1 minute
• Flexible loan options with minimum docs required
• Merchant Cash Advance available

5. Ondeck

OnDeck is the perfect solution for small businesses who need unsecured business loans. With a quick and easy application process, you can get the funding you need in just 24 hours or less. Plus, OnDeck offers free business credit score checks so you can understand your credit rating and make the most of your loan. With over 10 years of experience, OnDeck is a huge international lending company that has partnered with some of the biggest names in finance.

• Apply from $10,000 to $250,000 
• Loan terms of up to 24 months with no upfront security
• Get approved in as fast as 30 minutes and funding as fast as 2 hours
• 12 months minimum time in business required

• Only 6 months of business bank statements needed to apply
• Good reputation globally
• Minimum annual turnover of $100,000

6. Bizcap

Since its inception in 2019, Bizcap has been committed to supporting Australian SMEs with the capital they need to grow their businesses. With over 15 years of underwriting experience in the US market, Bizcap offers a unique value proposition that sets it apart from other lenders in Australia.

Bizcap is focused on supporting businesses that may have been declined by other lenders or have a poor credit profile. Its management team has a wealth of experience and is dedicated to providing simple, efficient, and effective financing solutions for Australian SMEs.

• Small business loans from $5,000 to $2,000,000
• Loan terms between 3 and 12 months
• Fast decision and get funding in as little as 3 hours

• 6 months minimum time in business required
• Security might be required for loans over $30,000 Min $10,000 monthly turnover
• Flexible repayments

7. Trucap

Since 2007, Trucap has been providing cash for businesses to grow and expand. They are a trusted partner of businesses across Australia, and their success is directly tied to the success of our clients.

TRUCAP business loans offer an alternative to traditional bank loans. Their loans are fast, flexible and tailored to your unique needs. Unlike traditional bank loans, they don’t require a strong credit history or collateral. They also understand that businesses need flexibility when it comes to repayment, so they offer a range of options to choose from.

• Apply from $5,000 to $1,000,000 
• Loan terms of up to 8 months
• Easy online application and minimal paperwork

• 6 months minimum time in business required
• Get funds in as little as 24 hours
• Flexible repayments

8. Shift

Shift is a lending company that provides business loans and lending solutions to small and medium sized businesses in Australia. Their options are all tailored to SMEs, and their business overdraft facility is unique in the Australian market. With more than 20 years of experience in banking, Shift’s CEO Jamie Osborn founded the company back in 2013 and has since grown it to be a large player in the online lending industry.

• Borrow up to $1,000,000 on terms up to 60 months
• No property security or financials up to $250k
• Simple application in less than 5 minutes

• 12 months minimum time in business required
• 3% establishment fee. No early repayment fees.
• Flexible repayments

9. Earlypay

At Earlypay, they make business finance simple. They provide fast and easy access to the capital your business needs to grow. With Earlypay, you can get the money you need without having to go through a long and complicated application process. They offer flexible financing options that are tailored to your unique needs. So whether you need money to expand your operations or cover unexpected expenses, Earlypay can help.

• Flexible line of credit from $50,000 to $15,000,000 with rates from 6.95% to 13.95% p.a
• Low Doc Invoice FInance from $50,000 to $500,000 with Fast-tracked Application Process

• Equipment finance from $50,000 to $1,500,000
• Approval in 24 hours
• Funding in 48 hours

10. FlexiCommercial

FlexiCommercial is the leading finance specialist for business equipment and software. They work with brokers to provide tailored financing solutions for their customers, no matter how unique the proposition may be. With over two decades of experience in the industry, they are experts in what they do – so you can rest assured that your transactions will be handled with professionalism and care.