Working capital · unsecured business loans
Funding without putting your house on the line.
$5K to $500K, no security required, decisions usually within 24 to 48 hours. Higher cost than secured lending; faster and simpler in exchange. We help you decide whether the speed is worth the price.
What it is, when it fits
Plain English, with the trade-offs.
Unsecured business loans are term loans that don't take a charge over your home or assets. Approval relies on trading history, bank statements, and tax position rather than collateral. Settlement is genuinely fast (1 to 3 business days is normal) and the process is light: the lender pulls the data they need from your accounting platform or bank feeds rather than asking for a full document pack. The trade-off is rate. Effective annual rates run 12% to 30% p.a. depending on tenure, profitability, and industry. That's higher than a secured business loan, but reflects the lender carrying the loss alone if things go wrong. They make sense when speed matters more than the last percentage point, when you don't want to encumber the family home, or when the asset you're funding doesn't qualify for asset finance (marketing campaigns, payroll bridges, opportunistic stock buys).
Small business owner reviewing financials at her counter.
Typical scenarios
Hospitality fitout top-up
Why: Original equipment loan didn't cover soft costs, opening 4 weeks out.
Outcome: $60K, 18 months, settled in 3 business days, repayments aligned to expected card volume build.
Ecommerce inventory pre-Christmas
Why: Need to buy 3 months of stock 6 weeks before the seasonal peak.
Outcome: $180K, 12 months, P&I, repaid through the season; total cost transparent before signing.
Marketing campaign for product launch
Why: New SKU, paid media spend front-loaded across 90 days.
Outcome: $45K, 24 months, no security, decision in 24 hours; rolled directly into the campaign.
Payroll bridge between contracts
Why: Established services business between two large engagements.
Outcome: $80K, 12 months, paid down early when first invoice cleared; early-payout fee small relative to opportunity.
Lenders for this product
Who we work with.
- Prospa
- Moula
- Lumi
- OnDeck Australia
- Banjo Loans
- GetCapital
Lender accreditation varies; not every lender is available for every deal. We pick from the panel based on your specific situation.
How it works
From brief to settlement.
- 01
Brief and pre-qualify
A 20-minute call to understand the use of funds, trading history, and timing. We pre-qualify against current lender appetite before doing anything visible to lenders.
- 02
Single application, multiple lenders
One document set covers our panel of unsecured lenders. We send to the two or three most likely to approve at the best rate, not the entire panel.
- 03
Compare and pick
Approvals usually return inside 24 hours. We translate the offers into effective annual cost so the comparison is honest, then you pick.
- 04
Settle and stay in touch
Documents sign electronically, funds settle to the operating account, usually within 3 business days. We follow up at 6 months to check the rate is still right.
Indicative pricing & terms
Ranges, not promises.
Rate range
12 to 30% p.a. effective
Loan size
$5K to $500K
Term
6 to 36 months
Security
No security required
Indicative only; specific pricing depends on lender, security, and your business profile.
Frequently asked
Honest answers, plain English.
What's the real cost vs the advertised rate?
Advertised rates are sometimes simple-interest "factor rates" rather than effective p.a. We always quote effective annual rate so you can compare like for like. A factor rate of 1.20 over 12 months is roughly 22% p.a. effective; over 6 months the same factor is closer to 40% p.a. effective. We model the total cost including any establishment and ongoing fees before you sign.
How fast is fast?
For most fintech lenders, decision is within 24 hours and settlement is 1 to 3 business days from approval. The slowest part is usually you returning signed documents. If genuine same-day settlement matters, say so up front; some lenders prioritise it.
What documents do I need?
Most lenders pull bank statements (90 to 180 days) and BAS history directly via secure data feeds, so the document burden is light. For larger amounts ($150K+), expect to provide accountant-prepared financials. Director ID and standard KYC always required.
Can I pay it out early?
Yes, on every lender on our panel. Some charge a small early-payout fee (typically 1 to 2 months' interest); others rebate the unearned interest in full. We confirm the early-payout treatment for the lender we recommend before you sign.
What if I'm declined?
We tell you the actual reason rather than the generic system message. Often it's a fixable issue (debt service ratio, recent decline elsewhere, sector restriction) that another lender on the panel doesn't apply. If no lender will fund it, we say so directly rather than running speculative applications.
When is unsecured wrong for my business?
When you can comfortably qualify for secured lending at meaningfully lower cost (a $200K equipment purchase via chattel mortgage will price 6 to 8% better than unsecured), or when the cashflow problem is structural rather than timing (refinancing structural cashflow gaps with short-term unsecured debt usually compounds the underlying issue).
Related products
If this isn't quite the fit.
Next step
Twenty minutes, no obligation.
Tell us the shape of the deal and the timing. We'll send a lender shortlist for unsecured business loans or, if it isn't the right fit, an honest signal of what is.