How to Apply for a Business Loan in Australia
Complete step-by-step guide to getting your business loan approved fast. Follow these 5 simple steps to secure funding from $15,000 to $250,000 for your Australian business with same-day approval.
2-Minute Application
Quick online form with minimal documentation
24-Hour Approval
Fast decisions with funds in your account next day
Simple Requirements
Just 6 months trading and basic business documents
5 Steps to Apply for Business Loan in Australia
Our streamlined process makes it simple to get the funding your business needs. Follow these straightforward steps to complete your application and receive funding fast.
Prepare Your Documents
Before applying, gather the following essential documents:
- 6 months business bank statements (most recent)
- ABN registration details and business information
- Director identification (driver's license or passport)
Pro tip: Unlike banks, we don't require business plans, extensive financial statements, or property valuations for loans up to $250,000.
Complete Online Application
Our streamlined online application takes just 2 minutes and covers:
Business Details
- • Business name and ABN
- • Industry and business type
- • Trading history
- • Monthly revenue
Loan Requirements
- • Loan amount needed
- • Purpose of funding
- • Preferred loan term
- • Contact details
Upload Bank Statements
Securely provide your business banking history through our portal:
Direct Bank Connection
Connect directly to your bank for instant verification (recommended)
Upload PDF Statements
Upload 6 months of bank statements as PDF files
Security: All data is encrypted and protected with bank-level security. We never store your banking credentials.
Receive Decision
Our advanced assessment technology analyzes your application:
Compare this with traditional banks that typically take 2-8 weeks for a decision.
Accept Offer and Get Funded
Once approved, review your personalized loan offer:
Your Offer Will Include:
- • Approved loan amount
- • Interest rate and fees
- • Repayment frequency options
- • Loan term length
- • Total cost breakdown
- • Early repayment options
Accept online: Digitally sign your loan agreement
Get funded: Funds transferred within 24 hours to your business account
Business Loan Eligibility Requirements
✅ You Qualify If:
- Australian business with valid ABN
- Trading for at least 6 months
- Minimum $6,000 monthly revenue
- Directors 18+ and Australian residents
💡 Tips for Approval:
- Show consistent revenue growth
- Maintain healthy cash flow
- Keep business accounts up to date
- Have a clear purpose for funding
Common Questions About Applying
How long does the application process take?
The online application takes just 2 minutes to complete. Document upload takes another 5-10 minutes. Total time investment: under 15 minutes.
What if I don't have perfect credit?
We focus on your business performance and cash flow rather than personal credit scores. Many businesses with less-than-perfect credit still qualify based on strong business fundamentals.
Can I apply for multiple loan amounts?
You can apply for any amount between $15,000 and $250,000. Our system will assess your capacity and may offer a different amount based on your business performance.
Is there a cost to apply?
No, the application process is completely free. You only pay fees if you accept a loan offer. All costs are clearly disclosed upfront with no hidden charges.
Next Steps and Resources
Discover the perfect financing solution for your business needs
Start Your Application
Complete your business loan application in 2 minutes
Fast Business Loans
Same-day approval for urgent funding needs
Compare with Banks
See why we're faster than traditional banks
Small Business Options
Flexible loans for established SMEs