Compare $100,000 Business Loans

After a business loan? You’ve come to the right place! Mozo compares a range of $100,000 business loans available in Australia and can help find the right deal for your financial circumstance.

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What business loans can I compare on Mozo? 

By using Mozo’s free comparison tool, you’ll be able to compare a range of financing options from short term loans to equipment financing. 

Who provides $100,000 business loans?

You can apply for a $100,000 business loan from various financial institutions. like big banks, credit unions and even online lenders. 

How do I compare business loans on Mozo?

Mozo currently compares over 40 business loans from different types of lenders. We can help you compare interest rates, fees and other loan features. Once you find the best loan for you, click the ‘go to site’ button, this will take you to the lenders site where you can submit an application

Page last updated September 18, 2019

$100,000 business loan comparisons on Mozo - rates updated dailyMozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

Showing 14 results

  • Business Loan

    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

    24 Hours

    Details
  • Flexible Business Loan

    Quick and easy to access funds up to $500,000 for any business purpose. Fast approvals save you time so you can get back to what you do best: running your business. For a limited time only: Mozo customers do not pay upfront establishment fees on approved and funded loans.

    On Application

    $0.00

    within 24 hours

    Details
  • Selective Invoice Finance

    A line of credit allowing you to access up to 95% of the value of your accounts receivable within 24hrs, with remaining 5% available when the invoice is paid. No need to worry about weekly repayments or property security.

    from 1.25% per fortnight

    $500

    24 Hours

    Details
  • Unsecured Business Loan

    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

    Within same day

    Details
  • Business Loan

    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

    0.05% to 1%

    from 24 hours

    Details
  • Flexible Business Loan

    Stop delaying and take your business to the next level with a loan from businessloans.com.au. If a simple online application process, quick approval and funding from $5k-$500k sounds right, then businessloans.com.au might be the right match for you.

    On Application

    2.00%

    within 24 hours

    Details
  • QuickBiz Loan

    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

    Varies

    Details
  • Business Loan

    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

    48 Hours

    Details
  • Invoice Finance

    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.

    from $1,500

    from 24 hours

    Details
  • Unsecured Business Loan

    Apply for $5,000 to $500,000 online in minutes. No security required. You’ll enjoy a single transparent fee with no ongoing interest or monthly charges. Stay in control of cash flow with a bespoke variable repayment based on the business’s turnover.

    from 1.00% per fortnight

    $0.00

    from 24 hours

    Details
  • Hot DealNew Financial Year Offer

    Unsecured Small Business Loan

    Apply for a business loan with Capify and get funded for loans between $5k - $300k within 24 hours for any business purpose. If you're successfully funded, you will receive an e-gift voucher for up to $500 (T&C's apply. Must quote Mozo Offer on application).

    On Application

    $0.00

    24 hours

    Details
  • Business Vehicle & Equipment Finance

    Apply online for business vehicle and equipment loans up to $150,000 with competitive fixed rates starting from 5.49% p.a. Lending criteria and T&Cs apply.

    5.49% p.a. fixed

    $500

    Varies

    Details
  • Merchant Cash Advance

    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

    48 hours

    Details

Want more? Compare all 53 bank business loans in the Mozo comparison engine.

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Business Banking Resources

Reviews, news, tips and guides to help find the best business loan for you.

Finding a $100,000 loan for your small business 

Whether you’re looking to grow your business or kickstart a new project, a $100,000 loan could be a massive leg up getting you there. When it comes to finding the right loan for you, there are a number of factors to consider, like the interest rate, fees and other loan features. So if it’s your first time considering a business loan, here are a few things you’ll need to keep in mind. 

Why would I need a business loan?

While it’s one thing to have the dream of starting up your own business, having the funds to get that dream rolling is another. And if you’re like the many small business owners that don’t have hundreds of thousands of dollars stashed away in your business savings account, you might be considering another plan of attack. 

Some of the most common uses of a $100,000 business loan include: 

  • Paying wages
  • Employing new staff 
  • Buying new stock or equipment
  • Paying invoices 

How do business loans work? 

If you’ve never had take out types of business financing before, then you might not be aware of the type of business loans out there. Generally business loans come in two types: secured and unsecured. 

Secured business loans often come with lower interest rates but in order to get that lower rate, you’ll need to put up an asset as security, like your home, car or business. So if you ever become unable to make your repayments, the lender will have the right to repossess your asset and sell it on your behalf. 

But if you don’t like the idea of using an asset as collateral, you might want to consider an unsecured business loan. These are the more common type of business loan you’ll come across when you start shopping around. Just keep in mind that while you won’t be asked to provide security, unsecured loans typically come with higher interest rates. 

Other common business loans you might see are short term business loans or equipment finance business loans. As you can probably tell by the name, a short term business loan is a temporary financing option - usually for business owners looking to give their business a quick cash injection. These also often exists as a line of credit to pay invoices. 

An equipment finance business loan is a type of loan that can be used specifically to buy new equipment for a business. This could be because you’re looking to grow or expand your business or need to give your tools an upgrade. 

Then once you’ve found the right loan for your business, all that’s let to do is apply You’ll typically have the money deposited into your account within 24 hours. Then you can put the money toward your business in whatever way you’d like. 

How do I know if i’m eligible for a $100,000 business loan? 

Of course, $100,000 is no small amount of money, so you want to know that you’re eligible before you apply and while eligibility requirements differ between lenders, some of the more common requirements include: 

  • Being fully registered with an active Australian Business Number (ABN) or Australian Company Number (ACN) 
  • Be in business for a certain amount of time, usually between 6 months ans 2 years 
  • Having a minimum annual turnover, which can be at least $40,000 per annum 
  • Having a clean credit score and no outstanding tax bills 

More Frequently asked questions

How much interest will I pay on a $100,000 loan? 

It doesn’t take an expert to know that $100,000 is a decent chunk of change to be borrowing, so it’s important to look for a competitive rate when you start shopping around for business loans. 

Business loans may be a little different to what you’re used to and one thing you’ll want to keep an eye out for is how interest is charged. 

Depending on the lender, interest may be charged on a weekly, fortnightly or daily basis. And in some cases, there may not be an interest rate with the loan, as the lender could provide you with a customised interest rate if your application is successful. 

What fees will I need to budget for? 

Taking out a business loan could see you paying fees like: 

  • Application fees - A one-off fee charged at the start of your loan - keep in mind these can either be written as a dollar figure or a percentage of the total loan amount. Just keep in mind, if the application fee is advertised as a percentage, with a large loan, this may be a very steep 
  • Ongoing fees - This is typically a maintenance fee to keep your loan ongoing. 
  • Valuation fees - If you’re taking out a secured business loan, a valuation fee covers the cost of assessing the value of the asset you’re using as collateral. 
  • Late payment fees - As the name suggests, if you’re late to make a repayment on your loan, you could be slapped with a late payment fee. 
  • Exit fees - If you’ve paid off your loan before the loan period ends, you may be asked to pay an exit fee. 

Repayment features you might like to have 

Your loan may also come with a few handy repayment features, which can help you cut down on the amount of interest you pay. 

For example, some lenders allow you to make additional repayments to your loan, getting you out of debt faster and saving on interest. And if you ever need that cash again for an unexpected bill, a redraw facility allows you to withdraw the money. 

What do I need to apply for a $100,000 business loan?

Once you’ve found the right business loan for you, it’s time to apply. The details you’ll need to submit an application will depend on the lender, however some of the more common documents you might be asked to provide are: 

  • Your drivers license 
  • Your ABN or ACN 
  • Financial information, such as your bank account and tax records 

Business banking guides

Want to talk to a specialist?

Mozo’s business loan specialists can help find the right lender for your business.