Sydney Business Loans

Getting a business loan can be one of the best ways to take your business to the next level. Here at Mozo we compare Sydney business loans from banks and online business loan lenders, to help you get the best deal you can.


Page last updated July 17, 2019

Sydney 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 12 results

  • 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.

    On Application

    $0.00

    from 24 Hours

    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.

    • Loan

    • Unsecured

    • $10,000

    • $250,000

    • 6 months

    • 2 years

    • 1 year

    • $100,000

    • 10 Minutes

    • from 24 Hours

    • from 24 Hours

    • $0.00

    • $0.00

    • $0.00

    • $0.00

    • $0.00

    • -

    • No

    • Daily, Weekly

    • Principal & Interest

    • Eligible to apply for renewal after 50% paid down

    • -

    • Minimum $100k turnover and 1 Year in Business.

    Details Close
  • 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. Plus for a limited time you’ll pay nothing until 1 July 2019

    On application

    0.05% to 1%

    from 24 hours

    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. Plus for a limited time you’ll pay nothing until 1 July 2019

    • Loan

    • Unsecured

    • $5,000

    • $300,000

    • 3 months

    • 2 years

    • 6 months

    • $72,000

    • 10 Minutes

    • Same-day approval

    • from 24 hours

    • 0.05% to 1%

    • $0.00

    • $0.00

    • -

    • $0.00

    • -

    • yes

    • Weekly

    • Principal & Interest

    • yes

    • -

    • -

    Details Close
  • 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.

    from 0.87% per month

    $0.00

    within 24 hours

    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.

    • Loan

    • Unsecured

    • $10,000

    • $500,000

    • 6 months

    • 1 year

    • 9 months

    • $120,000

    • 10 Minutes

    • within 24 hours

    • within 24 hours

    • $0.00

    • $3.85 weekly direct debit fee

    • $25.00

    • 3.85

    • $0.00

    • -

    • yes

    • Weekly

    • Principal & Interest

    • yes

    • For loans approved and funded by the 15th of October the 2.00% upfront establishment fee is waived.

    • Minimum 9 months business trading and minimum $120,000 annual turnover or $10,000 per month of sales.

    Details Close
  • 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

    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.

    • Line of Credit

    • Secured

    • $200,000

    • -

    • 1 year

    • -

    • 0 years

    • $1,000,000

    • Varies

    • Varies

    • from 24 hours

    • from $1,500

    • Ongoing service fees apply. Amount is calculated as a percentage of invoices processed.

    • -

    • $0.00

    • -

    • -

    • -

    • -

    • -

    • -

    • Borrowed funds are secured against outstanding accounts receivable.

    • Recourse fees payable on debts which remain unpaid 90 days after the month of being raised.

    Details Close
  • Small Business Loan

    Apply for a business loan with Capify and get funded for loans between $10k - $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

    Small Business Loan

    Apply for a business loan with Capify and get funded for loans between $10k - $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).

    • Loan

    • Unsecured

    • $5,000

    • $300,000

    • -

    • 1 months

    • 6 months

    • $120,000

    • 5-10 minutes

    • Same-day approval

    • 24 hours

    • $0.00

    • $2.25 per day

    • -

    • $0.00

    • $0.00

    • Administration fee from $349-$749 based on loan size. 3% risk assessment fee.

    • yes

    • Daily

    • Principal & Interest

    • yes

    • Can borrow up to 100% of turnover

    • Australian citizens or residents only. There may be Prohibited businesses please speak to a lending consultant for more details

    Details Close
  • 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

    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.

    • Loan

    • Unsecured

    • $5,000

    • $500,000

    • 3 months

    • 18 months

    • 6 months

    • $60,000

    • 10 Minutes

    • within 24 Hours

    • from 24 hours

    • $0.00

    • $0.00

    • $0.00

    • $0.00

    • $0.00

    • n/a

    • yes

    • Daily, Weekly

    • Principal & Interest

    • yes

    • Variable Payment Structure in-line with your trading

    • -

    Read our Mozo Review to learn more about the Unsecured Business Loan

    Details Close
  • 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

    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.

    • Loan

    • Unsecured

    • $5,000

    • $500,000

    • 6 months

    • 3 years

    • 6 months

    • $60,000

    • 10 Minutes

    • 24 Hours

    • 24 Hours

    • $0.00

    • $0.00

    • $0.00

    • $0.00

    • $0.00

    • -

    • yes

    • Fortnightly

    • Principal & Interest

    • yes

    • -

    • -

    Details Close
  • Selective Invoice Finance

    A tailored and flexible approach to business credit, utilising your accounts receivable as security you’ll be able to access up to 95% of the invoice value within 24 hours. A particularly ideal solution for keeping the family home out of the picture.

    from 1.5% per fortnight

    $500

    24 Hours

    Selective Invoice Finance

    A tailored and flexible approach to business credit, utilising your accounts receivable as security you’ll be able to access up to 95% of the invoice value within 24 hours. A particularly ideal solution for keeping the family home out of the picture.

    • Line of Credit

    • Secured

    • $10,000

    • $1,000,000

    • 1 months

    • 3 months

    • 0 years

    • $0

    • 10 Minutes

    • Same-day approval

    • 24 Hours

    • $500

    • $0.00

    • -

    • $0.00

    • -

    • -

    • -

    • -

    • -

    • -

    • Borrowed funds are secured against outstanding invoices.

    • 2.50% late payment fee.

    Details Close
  • 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.

    from 0.87% per month

    2.00%

    within 24 hours

    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.

    • Loan

    • Unsecured

    • $10,000

    • $500,000

    • 6 months

    • 1 year

    • 9 months

    • $120,000

    • 10 Minutes

    • within 24 hours

    • within 24 hours

    • 2.00%

    • $3.85 weekly direct debit fee

    • $25.00

    • 3.85

    • $0.00

    • -

    • yes

    • Weekly

    • Principal & Interest

    • yes

    • -

    • Minimum 9 months business trading and minimum $120,000 annual turnover or $10,000 per month of sales.

    Details Close
  • QuickBiz Loan

    A low fee unsecured business loan with a competitive 12.59% fixed rate, the NAB QuickBiz Loan lives up to its name with funding from $5k - $100k available for businesses. Fast access to funds for successful applicants.

    12.95% p.a. fixed

    No Upfront Fees

    Varies

    QuickBiz Loan

    A low fee unsecured business loan with a competitive 12.59% fixed rate, the NAB QuickBiz Loan lives up to its name with funding from $5k - $100k available for businesses. Fast access to funds for successful applicants.

    • Loan

    • Unsecured

    • $5,000

    • $100,000

    • -

    • -

    • Varies

    • $75,000

    • Varies

    • Varies

    • Varies

    • No Upfront Fees

    • No Ongoing Fees

    • $0.00

    • not disclosed

    • 0

    • -

    • no

    • Monthly

    • Principal & Interest

    • no

    • -

    • -

    Read our Mozo Review to learn more about the QuickBiz Loan

    Details Close
  • 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

    24 Hours

    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.

    • Loan

    • Secured or Unsecured

    • $10,000

    • $200,000

    • 6 months

    • 18 months

    • 6 months

    • $120,000

    • 5 Minutes

    • 24 Hours

    • 24 Hours

    • $0.00

    • $0.00

    • $25.00

    • $0.00

    • $0.00

    • -

    • yes

    • Weekly

    • Principal & Interest

    • yes

    • Single Fixed Fee

    • -

    Read our Mozo Review to learn more about the Business Loan

    Details Close
  • Business Vehicle & Equipment Finance

    Give monthly fees a miss by financing your new vehicle or equipment purchase with a business loan from NAB. Apply online for competitive fixed rates starting from 5.49% with a fast online application.

    5.49% p.a. fixed

    $500

    Varies

    Business Vehicle & Equipment Finance

    Give monthly fees a miss by financing your new vehicle or equipment purchase with a business loan from NAB. Apply online for competitive fixed rates starting from 5.49% with a fast online application.

    • Loan

    • Secured

    • $20,000

    • $250,000

    • -

    • -

    • Varies

    • $75,000

    • Varies

    • Varies

    • Varies

    • $500

    • No Ongoing Fees

    • $0.00

    • not disclosed

    • 0

    • -

    • no

    • Monthly

    • Principal & Interest

    • no

    • -

    • -

    Read our Mozo Review to learn more about the Business Vehicle & Equipment Finance

    Details Close

Want more? Compare all 51 bank business loans in the Mozo comparison engine.

Compare more business loans

Business Banking Resources

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

Sydney Business Loans comparison made easy

Looking to set the foundations for your new online business? Or maybe you want to
upgrade your company’s tech or office space? Whatever your KPIs are, you
may find yourself needing a financial boost in the form of a business loan.
We answered some of the more common questions about Sydney business
loans, to help you make a better informed business decision.

Am I eligible for a Sydney business loan?

Business loans have most of the same eligibility requirements as other loans, such as being an Australian citizen or permanent resident and being over 18. On top of this, most lenders will need to see that your business meets certain requirements, usually starting with a minimum turnover and proof of at least a year of operation.

You’ll also find every lender has its own specific list of things that they will ask you, such as what industry your business is in, what you intend to use the loan for and your business’ or personal credit score.

All this information will be used to determine if you are eligible for a loan and what sort of loan you can get.

What are the different types of business loans?

There a number of different business loans that a Sydney business can receive, all of which will having varying features, fees and benefits. For the most part, there are 3 types of business loans you should be aware of:

  • Instalment loans: The most common type of business loan you’ll find is the instalment loan. This follows the classic loan structure where you borrow a set amount of money and each fortnight or month, you pay back a set amount until you’ve repaid the loan completely.
  • Line-of-credit: A line-of-credit is a type of loan which is mostly associated with business lenders. It’s a fluid system used mainly for cash flow management. You can borrow freely, up to an agreed amount and only have to pay interest on what you borrow. Most of the time you’re able to borrow, pay off the loan, then borrow the money again. Line of credit loans are usually ongoing and fairly flexible.
  • Peer-to-peer: More and more peer-to-peer lending has emerged as a viable option for business loans in Sydney. While the actual loans will almost always function as instalment loans or line of credit loans, how you get the loan is different. When you sign up with a peer-to-peer lender, you get access to a business loans marketplace and receive loans from a specific investor or a group of investors.

What should I look for in a Sydney business loan?

That depends on you and your business. What you should be looking for comes down to what your business needs and what will help you manage your money more effectively. That said, there are some features that most people should look for:

  • The right type of loan: If you are looking for help managing your cash flow, then a line of credit loan might be right for you. If you’re looking for a lump sum to buy new equipment, then an instalment loan could be the better option. Whatever your situation is, you’ll want to pick the type of loan to match.
  • Low interest rates: As a general rule, the lower your business loan rates, the better. While low interest rates aren’t the be all and end all, loans with low interest rates will usually be more cost effective in the long run. So it’s definitely worth spending some time researching, comparing your options and finding a lender that can get you the best rate.
  • Low fees: Much like a low interest rate, a business loan with low fees will help you keep a lid on how much your business financing costs you. If you can find an option that has a good rate and only minimal fees, then you could end up paying a lot less than if you took the first Sydney business loan you saw.
  • The right loan period: A loan that fits in with your business’ timeline is crucial. Particularly with an instalment loan, the length of your loan term affects your monthly repayments and the total interest you pay over the life of the loan. A long loan term means lower monthly repayments, but you’ll pay more in interest long term and vice versa for a short loan term.

What business loans fees will I need to budget for?

Business loans often come with a few fees that you’ll need to be aware of before signing on the dotted line. So before you get a shock by some of the extra costs, here’s a list of some of the fees you might be up for:

  • Up front fees: When you first get your loan, it’s not unexpected to have to pay an upfront, one-time application or establishment fee. This is usually a flat fee, or a percentage of your loan.
  • Ongoing fees: Much like up front fees, ongoing fees can either be a flat rate, or a percentage of your business loan. They are usually also paid either weekly, monthly or annually.
  • Early repayment penalty: If business is booming, paying off your loan early can be a great way to save on interest. However, if you pay the whole thing off before your loan term ends, you may be up for an extra fee.Most of the time the fee will be higher the earlier you pay off your loan.
  • Drawdown fee: When you withdraw money from your line of credit loan, known as a drawdown, you may need to pay a percentage of that withdrawal or flat rate sum  as a fee.

These are the most common fees you are likely to see, but there are others that may apply to specific loans, so make sure you read the fine print to know just what you’re getting into.

Do I need collateral to take out a Sydney business loan?

Not necessarily. There are two types of business loan available, depending on whether or not you have any big assets to put up as security.

  • Unsecured loans: If you don’t have a house, car or brick and mortar store to use as security, an unsecured business loan might be the right option for you. Just keep in mind that unsecured loans usually come with higher interest rates.
  • Secured loans: If you do have an asset you can use for collateral, for example if you own your retail store, then a secured loan could be just the ticket. Because of the added security, these loans often come with lower interest rates.

I’m ready to get a Sydney business loan. Where do I start?

If you want some more information on an array of areas of the business loans process, you can check out our business loans guides, which contains everything from business loans application tips to the pros and cons of business overdrafts.

Then, before you start applying it’s important to spend some time comparing business loans to see which one might be best for you.

Business banking guides

Want to talk to a specialist?

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