Small business loans

Funding up to $500,000

Unsecured Business Loans & Other Finance Options

Access $5,000 to $500,000 in just 24 hours

Running a small business can be particularly challenging with numerous expenses. As a result, many business owners would need business finance to start up or run their businesses. SME loans are a form of business financing that enables small businesses to fund their daily operational costs or the financial boost they may need to succeed. They can be used for various purposes, from managing cash flow to business expansion, enabling businesses to grow whilst keeping costs low.

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Business Loans can vary for the following reasons:

Loan amount and Loan type
Loan term
Interest rates
Interest rate type (fixed interest rate or variable interest rate)
Security offered

The loan is often provided by a lender or a bank under two types, either as an unsecured business loan or as a secured business loan. A secured business loan requires collateral in business or personal assets as security for the borrowings. An unsecured business loan doesn't require collateral, although lenders may instead ask for a personal guarantee of the business owners. Collateral could be described as something that you or your business owns that you pledge as security for the borrowings and could include property, such as your home or vehicle, equipment, unpaid invoices, inventory, etc.

Everything that you need to know about small business loans

melbourne business loans

Before applying for small business loans, as business owners, there are things you can do to improve your chances of success. You need to learn about preparing a business plan, checking your finances, and getting expert advice on the best type of finance or loan for your business. It is essential to understand your finances by preparing a cash flow statement to give you a good snapshot of your current income, net profit, all expenses, and planned projections.

Most lenders will want to see your business plan before lending money to overview your financial status and business plans. You should know your limits for finance and your ability to repay the money you borrow. Know how much equity you have and work out if you would need extra funds. Know the maximum repayment you can afford, the credit criteria, fees, charges, terms and conditions. Before you speak to a bank, lender or investor, ensure you're prepared for documentation such as proof of identification, financial statements preferably prepared by an accountant, verification of individual income, bank statements, economic forecasts and your business plan.

You may not be confident answering all the financial questions when you apply for your business loan, so it is always best to get expert advice from a loan consultant at Aus Wealth.

Unsecured Business Loans

Unsecured loans are business funding available to Australian small businesses that do not often meet the banks' strict lending criteria. Unsecured business finance has a higher risk to the lender so the loan repayments are likely to be at higher interest rates & fees resulting in higher borrowing costs.

Unsecured business loans are short-term and allow business owners to borrow funds for their business without using business assets to secure the debt. Unlike secured loans, which require you to borrow against a vehicle or property, unsecured loans are not backed by any tangible security.

This is a popular funding option for small businesses that may not have assets they can provide as collateral for their borrowings. Small unsecured business loans tend to have higher interest rates and often require a director's personal guarantee. This guarantee is a legally binding document that makes the business owner personally liable to pay the loan repayments if the business defaults on a payment. These loan applications are often assessed based on the business's financial health, current cash flow, and the borrower's creditworthiness.

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Advantages of an unsecured business loans

early repayment fees

The application process for an unsecured business loan is faster and more straightforward than a secured loan. You don't have to go through the many processes involved with secured loans, which means you could access the loan in one business day.

As the loan is unsecured, you don't need to provide collateral for your borrowings.

Why choose us for a small business loan vs our competitors ?

Small businesses are the growth engine of Australian economy. Choosing the right lender with the best deal for your business before submitting your loan application would be the best thing to do. As leaders in the financial service sector, Aus Wealth is best positioned to arrange unparalleled unsecured finances for your business. Small Business Loans can be used for any business purpose, and we lend to almost every industry in Australia. We offer the best deals and take pride in helping small businesses find the right loan. Unlike most lenders, our entire process puts you in control of getting your Business Loan approved quickly. We have a simple application process and do the hard work to get your finances approved.

Small business loans from $5,000 to $500,000
Simple small business loan application & Fast approvals
Repayment Schedule - Loan terms up to 36 months
No asset security required
Tailored to your individual business needs
business banking

Is my business eligible for a small business loan ?

Research shows that small businesses are reluctant to apply for small business loans for the fear that their loan applications may be rejected. Thanks to the enormous expansion of the alternative lending markets, access to finance is now available for more Australian businesses.

While we aim to help as many existing business customers as we can to get the funding they deserve, we have minimum eligibility criteria.

The business is registered in Australia (with a valid ABN/ACN)
The business has been actively trading for a minimum of 6-months
The business has a minimum monthly turnover of $5,000
Applicants are Australian Citizens (or permanent residents) and are over 18 years of age
small business loan applications

What could your business do with funds?

business banking

The small business loans can help your business with

Purchase inventory
Purchase tools or equipment
Fit-out and renovations
Expand business
Marketing campaigns
Roll out a new product or service