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

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$100,000 business loan comparisons on Mozo - last updated January 20, 2021

Search promoted business loans below or do a full Mozo database search. Advertiser disclosure.

  • Fully Drawn Loan

    2.95% p.a. variable

    Negotiable

    Varies

    Details
  • Short Term Business Loan

    On Application

    3.00%

    from 24 Hours

    Details
  • Business Loan

    On Application

    $0.00

    48 Hours

    Details
  • Invoice Finance

    from 6.00% p.a.

    On Application

    from 24 hours

    Details
  • Line of Credit

    3.75% p.a. variable

    Negotiable

    Varies

    Details
  • Business Loan

    Interest rates vary based on risk. Rates range from 14.95% to 24.95% p.a.

    3%

    from 24 hours

    Details
  • Invoice Finance

    from 6% p.a.

    On Application

    from 24 hours

    Details
  • Trade Finance

    from 6% p.a.

    On Application

    2 days

    Details
  • Business Loan

    from 15.00% p.a.

    2.00%

    24 Hours

    Details
  • Invoice Finance

    On Application

    $0.00

    24 hours

    Details
  • Line of Credit

    On Application

    2% to 3%

    Instantly, once approved

    Details

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.

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

Business banking news

Buy Now Pay Later service Zip partners with Facebook to support eCommerce businesses

At a time when online shopping is surging and eCommerce has become an undeniably crucial avenue for reaching customers, two companies have joined forces to help Australian small businesses pay for their social media advertising with Buy Now Pay Later (BNPL). BNPL service Zip today announced it has teamed up with social media giant Facebook to allow small to medium enterprises (SMEs) to use Zip Business when funding their marketing campaigns on the platform. Zip Business gives SMEs access to unsecured business loans of up to $500k, with interest only charged on the amount you end up using (not the total amount you’re approved for). According to Zip’s co-founder Peter Gray, the partnership is part of efforts to address cashflow issues that might hinder many small businesses from taking their digital operations to the next level. “92% of small businesses believe they would have generated more revenue in the previous year if their cashflow was better,” he said. “Partnering with Facebook is an important step not only in the expansion of Zip Business, but in helping small business owners to capitalise on the recent growth in the eCommerce sector and to get ahead.“With 14 million Australians using Facebook every day, the social network is an increasingly important advertising channel for small businesses.” The Zip-Facebook service is still in testing, with the roll-out to start initially with Facebook’s prepaid advertisers. This marks the second big collaboration for Zip Business, which launched back in August to offer lines of credit to SMEs on eBay.