BUSINESS
LOANS

Business loans information

Whether your looking for a business loan for start up financing, to fund a new initiative or grow your company, Mozo compares the business lending market in seconds to get you the best deal for your needs.

Secured and unsecured loans

Secured business loans are typically cheaper, but carry the risk of losing your assets – such as a car or property – if you default on the loan. Unsecured business loans have higher interest rates to compensate the banks for the added risk. The more information you provide about the need for the commercial loan, the lower the risk to the finance lender.

Business overdrafts and lines of credit

Commercial loans offer a range of features such as overdrafts or a line of credit – but these financing options can come at a cost, be it monthly fees or higher interest. Mozo’s business loan database helps you calculate costs and crunch the numbers to find the cheapest option for your needs.

Fixed and variable rate business finance

Variable rate business loans can offer great flexibility such as fee free redraw facilities and the ability to make additional repayments. But if interest rates go up, so will your repayments, so it’s important to budget for this possibility.

Fixed rate business loans increasingly offer similar features such as redraw and early repayments, but typically charge at a higher rate than the market-leading variable business loans. Fixed rate business finance does give you the certainty to budget for repayments without worrying about interest rates.

This page is about business finance – step over here for personal loans.