Compare $10,000 Business Loans
On the hunt to find the perfect $10,000 business loan? We can help! Our business loan comparison tool compares a range of business loans from many types of lenders.
Read moreOn the hunt to find the perfect $10,000 business loan? We can help! Our business loan comparison tool compares a range of business loans from many types of lenders.
Read moreYou’ll be able to apply for a business loan with big banks, smaller credit unions and online lenders. No business loan is the same either, as many lender will have their own assessment criteria and offer their own interest rate.
Let’s face it, there are a number of different business loans out there - Mozo can help you compare a stack of different business financing options all in the one place.
Right here! Once you’ve used our business loan comparison tool, click the blue ‘go to site’ button, this will take you to the provider’s site where you start an application
Page last updated February 25, 2020
Showing 14 results
About Prospa
Business loans available from $5K to $300K and funding possible in 24 hours. Whether it’s a renovation, a marketing campaign or cash to tide you over, let Prospa help you keep your business moving – Rates from 9.9% p.a.* and no assets required to access up to $100K.
On application
3%
$0.00
About Moula
Say goodbye to lengthy applications with online lender Moula. With a speedy 10 minute application process and potential funding within 24 hours, Moula can help you meet your businesses inventory or cash flow needs without the fuss.
from 0.61% per fortnight
$0.00
$0.00
About GetCapital
Quick and easy to access funds up to $750,000 for any business purpose. Fast approvals save you time so you can get back to what you do best: running your business.
On Application
2.00%
$3.85 weekly direct debit fee
About OnDeck
Unsecured business loans from $10,000 - $250,000, over 6 to 24 months. Online application takes only 10 minutes and you'll know if you're approved within hours. Apply now.
On Application
$0.00
$0.00
About Lumi
A straight forward business loan with no hidden fees or charges. Achieve business goals through having fast, easy access to finance to give your business the boost it needs.
from 16%
$0.00
$0.00
About GetCapital
The GetCapital Business Overdraft is a stand- alone, true revolving facility that gives you access to up to $750,000 that connects to any business transaction account. Manage cash flow as and when you need it and only pay interest on funds used.
10.95% - 24.95%
$395
$395 annual fee
About Business Fuel
Fast, flexible business loans from $10,000 to $200,000. Great for businesses which have been trading for more than 6 months with a monthly turnover above $10,000.
On Application
$0.00
$0.00
About Bromleigh
Bromleigh is small business funding made easy. Access unsecured working capital at some of Australia's cheapest rates. Quick, simple approvals with funding of up $100k and repayments from 3 months to 24 months. Find out why more and more small businesses are choosing Bromleigh for their funding.
14.90% p.a.
$0.00
$0.00
Hot DealNew Financial Year Offer
About Capify
Fast, unsecured business loans approved within 24hrs. Access funds up to $300k for any business purpose with no application fees, minimal paperwork and funds in your account quickly so you can focus on growing your business.
On Application
$0.00
$2.25 per day
About Capify
Capify Merchant Cash Advance is an alternative solution to traditional business loans that enables you to have flexible daily repayments based on your credit card and EFTPOS transactions, ensuring your repayments match your cash flow. Access up to $300k now!
On Application
$0.00
$35.00 per month
About NAB
Fast, unsecured business lending with a competitive 12.95% p.a. fixed rate. Up to $100K available for businesses and no upfront or ongoing fees. Lending criteria and T&Cs apply. Link your Xero / MYOB / QuickBooks account to apply even faster.
12.95% p.a. fixed
No Upfront Fees
No Ongoing Fees
About Scottish Pacific
Leave property out of the equation with Scottish Pacific’s Invoice Finance solution. Receive up to 85% of your debtors ledger with facilities ranging from $200K to over $100Mil.
from 6.00% p.a.
On Application
Ongoing service fees apply. Amount is calculated as a percentage of invoices processed.
About Spotcap
Spotcap Business Loans online application process can be completed in as little as five minutes, and once approved you can access the funds within 24 hours.
On Application
2% to 3%
$0.00
About Limba
Faster finance for growing businesses - loans from $5,000 to $200,000. Limba specialises in short to mid term Cashflow Loans, Interest Only Business Loans, Fully Capitalised Business Loans and Good Businesses with low Credit Scores.
From 2.40% per month
2% or $500 minimum
0
Want more? Compare all 57 bank business loans in the Mozo comparison engine.
Search nowReviews, news, tips and guides to help find the best business loan for you.
If you’re in need of a quick cash fix to get your business rolling or back on track, then you might be considering a $10,000 business loan. Taking the time to compare your options is important, as there are a number of things to consider. But don’t worry if it is your first time shopping around on business loans because we’ve answered a few common questions.
Just like applying for a home loan, your lender will asses your eligibility. While most lenders may differ in what they ask for, some common requirements include:
A business loan can be used for many small expenses, like purchasing new computer equipment, help with cashflow or even pay for training courses for your staff. However if your plans are a little larger and require a bigger cash injection, then you might want to consider a $20,000 business loan instead.
Once you start comparing $10,000 business loans, you’ll notice that there are a few different types around. While there is no better loan type, you’ll need to decide which is the right option for your business.
Short term business loans
Short term business loans are usually taken out by business owners who are in need of some quick cash to cover an unexpected bill or expense. Typically, these loans don’t last longer than 2 years and are able to be deposited into your business account within 24 hours if you’re approved.
You might want a short term business loan to pay invoices or give your business a quick cash injection. But just keep in mind, these types of business loans often come with different interest rates than you might be used to. Depending on the lender, you could find that interest is charged on a weekly, fortnightly, monthly or even daily basis.
Equipment finance business loans
If you’re in need of some new equipment or are planning to upgrade existing equipment, an equipment finance business loan could help.
If you’re serious about taking out a $10,000 business loan, then it’s important to make sure you’re choosing the right one for your business. Aside from choosing a great interest rate, you might also want a loan that comes with flexibility. Here are a few things you’ll want to keep an eye out for:
Fees
As a business owner, the last thing you want is to be tied up in fees. When it comes to business loans, some of the most common fees you may come across are:
Repayment frequency
Many lenders may offer the option to make your repayments on a schedule that best suits your business. This could be monthly, fortnightly, weekly and in some instances, daily.
Features
And if you’re committed to paying off the loan as fast as you can, then you might want to look into repayment features, like having the power to make additional repayments to your loan. By making these extra repayments, you could also save on interest. But of course life can be pretty unpredictable, especially as a business owner, which is why you might want a redraw facility. If an unexpected bill falls into your lap, you’ll be able to redraw your additional repayments to cover the cost.
If you or your business has a poor credit history, then you might be considering a bad credit business loan. It’s important to know that Mozo does not compare bad credit loans, as they often come with excessively high interest rates.
In this case, it might be worth using any savings your or the business may have or repairing your credit score first before applying.
Ready to apply for a $10,000 business loan? Then it’s time to start gathering some personal details. While every lender will have their own application process and may ask you to provide different details, some of the most common details you could asked for include:
