Why 2020 could be the best year to take out a business loan

Cuts, cuts and more cuts - the Reserve Bank didn’t hold back on interest rate cuts in 2019 and neither did lenders. The result? Business loan rates are the lowest we’ve seen in years and with more action from the RBA on the horizon, rates could keep plummeting! 

Add in the new online and challengers lenders popping up to take on the big banks, and Aussie businesses really have a unique opportunity to take advantage of unparalleled competition and rock bottom rates. 

So whether you’ve got eyes on expansion or just need some extra funds on hand, 2020 could be the year to take your business to new heights with one of the top business loans below.   

Top business loans for 2020

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

So whether you’ve got eyes on expansion or just need some extra funds on hand, it's well worth looking at the competitive business loans on offer from the new generation of non bank lenders. Read on for the Mozo money editors' picks of some of the top loan options on the market in 2020.