Top business loans to boost growth in 2021


25 May 2021

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It's official. A new wave of online business lenders has hit Australian shores, bringing with them a range of low cost, flexible funding options for Aussie businesses big and small.

Utilising the latest technology on their online platforms, Australia’s challenger business lenders are offering personalised interest rates, five minute applications, and funding in as little as 24 hours from approval. Buy now pay later provider Zip is also making waves in business lending with its new interest-free BNPL option for businesses, called Zip Business Trade.

So if you're looking to boost your business growth in 2021, read on for our expert review of the top business lenders giving the big banks a run for their money right now.


Zip Business Trade Zip Business Trade
Zip Business Trade
  • Apply online to get $1,000 to $3,000 fast and interest-free

  • $12 monthly account fee (waived if you have zero balance)

  • Fast and easy way to cover everyday and unexpected spending

The details:

If you’re looking for fast, interest-free finance to help cover your expenses, purchase inventory and grow your business, then Zip Business Trade could be just the solution you're after. Simply apply online for a Zip Business Trade buy now pay later account  and use it to cover everyday spending or unexpected costs up to $3,000. Minimum repayments are just $200 a month, there is no interest charged ever and the $12 monthly account fee is waived if you have zero balance.

Where do I get it? Head over to Zip Business Trade to find out more >>


Moula Business Loan
  • Borrow up to $250,000 with no asset required

  • Apply online in 7 minutes and get a credit decision within 24 hours

  • No early repayment penalty

The details:

Moula provides small and medium businesses with working capital through a unique platform that analyses business data to approve funding. The 7 minute online application process lets you enter a few details and link up your accounting or banking data to get credit approval within 24 hours. Interest rates start from 15% p.a. and there’s a 2% upfront fee, but no ongoing or early repayment fees. To be eligible, your business should have an ABN or ACN, been operating for at least 6 months, and a monthly turnover of $5,000.

Where do I get it? Head over to Moula to find out more >>


Bizcap Unsecured Business Loan
  • Business Loans from $5,000 to $600,000 with high approval rates

  • Get access to funds in as little as 3 hours with Bizcap's open-minded credit process

  • Enjoy cash flow friendly repayments

The details:

Since launching in 2018, Bizcap has been committed to helping small businesses access finance when they need it most. Bizcap offers business loans ranging from $5,000 up to $600,000 with repayment terms of 3-12 month and prides itself in being an “open-minded lender”, so one of their main points of difference is that they welcome businesses with bad credit, defaults or judgements of hardships. There's an upfront fee of 3%, starting at $399 and interest rates are personalised on application. 

Where do I get it? Head over to BizCap to find out more >>


Lumi Unsecured Business Loan
  • Flexible business loans from $5K to $300K

  • No upfront, ongoing or other hidden fees

  • Apply in 10 minutes, get approval in as little as 2 hours

The details:

Lumi is committed to offering straightforward business loans to give your business the boost it needs. With Lumi, there are no sneaky fees or charges, no early repayment penalties and no collateral needed for loans up to $300K. You can choose a repayment period of 3 to 18 months and once you've applied via their simple online application process, you can get approval within 2 hours and funds within the same business day.

Where do I get it? Head over to Lumi to find out more >>

Want to compare more business loans? Head on over to Mozo’s business loans comparison hub to compare over 40 business loans from leading bank and non-bank lenders.