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.
Read moreAfter 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.
Read moreBy using Mozo’s free comparison tool, you’ll be able to compare a range of financing options from short term loans to equipment financing.
You can apply for a $100,000 business loan from various financial institutions. like big banks, credit unions and even online lenders.
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 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 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 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
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 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 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
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 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 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.
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.
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:
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.
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:
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.
Taking out a business loan could see you paying fees like:
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.
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:
