Mozo guides

Compare Business Banking Packages

It's important for a small business to establish a relationship with a bank, as you may one day want to ask for a business loan or demand a mates rate on fees. 

While one institution is unlikely to have the best possible deal for every small business bank product, you could win out in the end by taking out a small business package encompassing business bank accounts, business savings account products, business credit cards and more.

Business Loans Comparison Table - rates updated daily

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

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  • Boost Business Loan - powered by Business Fuel

    Get secured or unsecured business funding for up to $250K. For loan terms of 6 months to 2 years. No application or account keeping fees to pay. Minimum loan amount is $10,000. Get approval in 24 hours. Loans over $100,000 require security. Minimum annual turnover of $120K.

    Interest Rate
    Upfront Fee
    Funding speed
    from 14.00% p.a.
    Details on application
    From 24 hours
    Details
  • Unsecured Business Loan

    A straightforward business loan with no hidden Lumi fees or charges. Speedy application and approval process with fast access to funds according to Lumi.

    Interest Rate
    Upfront Fee
    Funding speed
    from 9%
    -
    Within same day
    Details
  • 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
    Details
  • 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
    Details
  • 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.
    3%
    from 24 hours
    Details

PROS of a small business package

  • Having a relationship with a bank will help if you need a small business loan down the track. It should also bring better customer service.
  • With multiple accounts (should) come discounts on fees. Negotiate a good deal if you're bringing lots of business.
  • It's endlessly easier to have all your accounts with the one provider: for accounting, for management, and for sanity.

CONS of a small business package

  • There's always going to be a slightly better term deposit or cheaper business credit card with someone else. But you might find that constantly switching for the best deal, or having accounts with multiple institutions, is not worth the money it saves.

Looking for a business loan? Check out our top loans below.

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Mozo Editorial

Mozo’s team of experienced journalists and money experts provide news, insights, practical guides and expert analysis to help you master your personal finances. We follow editorial guidelines that focus on accuracy, reliability and timeliness; helping you make informed financial decisions with confidence and the most of your hard-earned money.

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