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. Start below!

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$100,000 business loan comparisons on Mozo - last updated 4 December 2023

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  • Unsecured Business Loan

    Business Loans from $5,000 to $2,000,000 with high approval rates. Access to funds in as little as 3 hours. Cash flow friendly repayments and open minded offers.

    Interest Rate
    Upfront Fee
    Funding speed
    On Application
    3%, starting at $399
    from 3 hours
  • Lumi Lux

    Lumi Lux™ is an innovative rate-reducing business loan that rewards customers for a good repayment history over the loan term by dropping interest rates by 25 basis points every six months (T&Cs apply). The loan is for more established businesses with minimum $2M revenue.

    Interest Rate
    Upfront Fee
    Funding speed
    from 14% to 20%
    Within same day
  • Short Term Business Loan

    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.

    Interest Rate
    Upfront Fee
    Funding speed
    On Application
    from 24 Hours
  • Invoice Finance

    Increase cashflow by unlocking the power of your receivables with Octet’s Invoice Finance solution. Receive up to 85% of your debtor’s ledger with tailored facilities ranging from $100K to $10M.

    Interest Rate
    Upfront Fee
    Funding speed
    0% for the first 60 days, then rates starting from 6%
    On Application
    Instant on approval
  • Prospa Plus Business Loan

    Prospa uses risk-based pricing to determine your interest rate, which can range from 9.9% - 26.5% p.a. simple interest. They look at factors including your industry, years in business, cash flow, creditworthiness and the overall financial health of your business.

    Interest Rate
    Upfront Fee
    Funding speed
    Interest rates vary based on risk. Rates range from 9.90% to 26.50% p.a.
    from 24 hours
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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 business loan

Whether you’re looking to grow your business or kickstart a new project, a $100,000 business 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 tackling business finance, we're here to help you through it.

Why would I need a $100,000 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? 

Business loans work similarly to personal loans, in that your business will borrow a sum of money from a lender and then pay it back in instalments over time plus interest. You will generally be able to choose between secured and unsecured business loans.

Secured business loans often come with lower interest rates but you’ll need to put up an asset as security, like your home, car or business. If you are unable to make your repayments, the lender will have the right to repossess and sell your asset.

Unsecured business loans don't require you to provide security on your loan, but they do typically come with higher interest rates. 

There are also other types of specialist business loans. 

You may use a short term business loan as a temporary financing option - usually for business owners looking to give their business a quick cash injection, or 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. 

Once you’ve found the right loan for your business, all that’s let to do is apply. 

Am I eligible for a $100,000 business loan? 

Before you apply for a $100,000 business loan, you'll want to check that you're eligible. 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 and 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 

Make sure to check the specific requirements of the business loan you are looking into.

For more flexible business finance options, you may want to consider business overdrafts or business credit cards and lines of credit.

Frequently Asked Questions

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

A business loan of $100,000 is a significant amount of money, so it’s important to look for a competitive interest rate when you start comparing options.

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. 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 with a business loan? 

Taking out a business loan could see you paying fees like application fees, ongoing fees, valuation fees, exit fees, and any late payment fees if relevant. 

  • 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. If the application fee is advertised as a percentage, with a large loan, this may be a significant amount.
  • Ongoing fees - This is typically a maintenance fee paid each month over the course of your loan.
  • Valuation fees - If you’re taking out a secured business loan, a valuation fee covers the cost of assessing the value of your collateral asset.
  • 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. 

Be sure to read the terms of your business loan to see if any other fees apply.

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

Once you’ve found the right business loan for you, you'll want to have all the necessary documents needed for smooth application. 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
  • A business plan