BUSINESS Finance · Australia-Wide

Business loans Australia — 80+ lenders across unsecured, secured & private finance, no credit score impact at quote

Reviewed by Michael Russell, Managing Director & Senior Finance Broker
ACL 561258 · FBAA Accredited · Last updated August 2026.

Quick Answer Finwave compares 80+ Australian business lenders across unsecured loans, secured loans, working capital, and invoice finance in one application. Rates vary widely by facility and risk — from around 7% p.a. for low-risk secured lending to well above 20% p.a. for higher-risk unsecured and short-term facilities. Most unsecured applications are assessed same-day, with no impact on your personal credit score at quote stage.

Bank said no? Need funds fast without putting your house up as security? Or chasing a facility your bank doesn't even offer — invoice finance, working capital, staged construction funding? Finwave finds the right lender for the right facility, across 80+ Australian lenders compared in one application. Looking for a private lender 1st or 2nd mortgage instead? See our dedicated page →

Get My Business Loan Quote — No Credit Impact

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• 80+ Australian lenders

• 70% of bank-declined applicants settled*

• 8 business finance facility types

• Zero credit impact at quote

• FBAA accredited · ACL 561258

*Of business loan applicants who came to Finwave after a bank decline in the past 12 months.

Business Finance Facilities

What type of business finance do you need?

QUICK ANSWER · Finwave arranges eight categories of business finance: unsecured loans, secured loans, lines of credit, property development finance, construction finance, working capital loans, bad-credit business funding, and invoice or debtor finance. Each has different lenders, rates, and approval speed — tell us your situation and we'll match the right structure. Need a private lender mortgage? That's covered on its own dedicated page.

Unsecured business loans

Short & long term, no property security required. Fastest approval path — some facilities same-day.

Secured business loans

Short & long term, lower rate against a business or personal asset — vehicle, equipment or property.

Business lines of credit

Secured & unsecured. Draw funds as needed and only pay interest on what you use.

Property development finance

Land acquisition through to project completion, released in stages against milestones.

Construction finance

Staged drawdowns against build progress, rather than a single lump sum.

Working capital loans

Smoothing cash flow — payroll, stock, or seasonal gaps between outgoings and income.

Bad credit business loans & funding

For directors or businesses with defaults, judgments, or a poor file mainstream lenders decline by policy.

Invoice & debtor finance

Unlock cash tied up in unpaid invoices instead of waiting 30–90 days on customer terms.

Not sure which one fits? That's what a broker is for — tell us what you're trying to fund and we'll tell you which structure (and which of our 80+ lenders) makes sense, at no cost to you. Financing equipment or machinery specifically? See our dedicated equipment finance page →. Need a private lender 1st or 2nd mortgage instead? See our dedicated private lender business mortgages page →.

Facility

Rate Range*

Security

Best For

Unsecured business loan

From 7.49% p.a. (up to 50%+ p.a. for higher-risk/short-term facilities)

None

Fast funding, no assets to offer

Secured business loan

7.99% – 20.95% p.a.

Business or personal asset (vehicle, equipment, etc.)

Lower rate, have security to offer

Invoice & debtor finance

From 0.05% per day (up to ~45% p.a. equivalent)

Unpaid invoices / debtor book

Cash tied up in customer payment terms

*Rates indicative only, current as at July 2026, and vary by lender, security, business trading history and risk profile. Lines of credit, property development, construction, working capital and bad-credit facilities are quoted per application — tell us what you need and we'll shortlist lenders and indicative pricing at no cost.

Business finance rates swing more widely than consumer lending because the risk being priced is the business itself, not a fixed asset class. The main drivers: security (unsecured facilities price in the lack of collateral, which is why the unsecured range runs all the way to 50%+ p.a. for the highest-risk, shortest-term facilities), trading history (established businesses with consistent revenue access materially better pricing than startups), facility type (a daily-rate invoice finance facility and a 5-year secured term loan are priced on completely different bases), and industry and cash flow pattern.This is exactly why a single headline "from X%" figure is misleading for business lending — the honest answer is always "it depends on the facility and your risk profile," and Finwave's job is to shortlist the lenders who'll actually offer you competitive terms rather than decline or overprice you.

If you have a business or personal asset you're comfortable offering as security — a vehicle, equipment, or property — a secured business loan (7.99%–20.95% p.a.) will almost always price lower than an unsecured facility (7.49% up to 50%+ p.a.) for the same borrower. The trade-off is straightforward: the lender can pursue the asset if you default.Unsecured makes sense when you don't have suitable security, need funds faster than a security valuation allows, or don't want to put a specific asset at risk against a smaller facility. We'll model both options with real numbers before you decide — there's rarely a universally "right" answer, only the right one for your situation.

Bad Credit Options

Bad credit business loans — real options after a bank decline

QUICK ANSWER · A poor credit file, past default, or director bankruptcy doesn't automatically rule out business finance. Specialist lenders assess the business's current trading performance and cash flow, not just historical credit — particularly for secured facilities or invoice finance, where the asset or the debtor book carries the risk, not the borrower's credit score alone.

Banks decline most credit-impaired applications by blanket policy, regardless of how the business is actually trading today. Finwave's panel includes specialist and private lenders who look past a single default or judgment to the current picture: revenue trend, bank statement conduct, and the strength of any security or debtor book on offer.

Over the past 12 months, 70% of business loan applicants who came to us after a bank decline were settled with an alternative lender. That's not a guarantee for every situation — some credit histories are genuinely difficult to place, and we'll tell you honestly if that's the case rather than stringing out an application that won't succeed — but a bank's no is rarely the market's final answer.

Why Finwave

Why use a business finance broker instead of going straight to your bank?

QUICK ANSWER · A business finance broker compares 80+ lenders in one application, including non-bank and private lenders your bank will never mention. One soft credit check, access to facilities banks don't offer (invoice finance, 2nd mortgages, fast unsecured approval), and no cost to the business — brokers are paid by the lender at settlement.

Access to non-bank & private lenders

Your relationship bank has no incentive to mention the non-bank and private lenders who might actually offer you a better outcome. We compare all of them in one process.

One soft credit check, not five

Applying direct to multiple lenders creates multiple hard credit enquiries. Each one can lower your score and signal financial stress to other lenders. We use a single soft pre-assessment.

We negotiate rate and fees

Not just the headline rate — establishment fees, ongoing fees, early payout terms. We argue the case on your behalf through the wholesale broker channel.

We know which lender funds which facility

Bank policy on unsecured lending, property development, invoice finance and 2nd mortgages varies enormously between lenders. We've mapped the matrix so you don't waste applications.

Bank declined you? That's our specialty

Specialist lenders assess individually rather than by blanket policy — past defaults, limited trading history, or an unconventional security all get a genuine look.

Paid by the lender, not by you

Finwave is remunerated by the lender at settlement, fully disclosed in your Credit Guide before you proceed. ACL 561258. No upfront fees, no charge if you don't proceed.

"If you're searching for quality people and service - look no further! Joe & Michael are the best there is. Genuine people who are beyond capable at what they do. Couldn't recommend more!"

— Hannah B

How It Works

How Finwave's business loan process works

QUICK ANSWER · Tell us what you're funding and your business situation. We search 80+ lenders the same business day. You review a shortlist with rates and terms. Approval timing depends on facility — unsecured loans can be same-day, secured and property finance take longer.

Tell us about your business

Online form or one phone call. Facility type, business situation, and any security you can offer.

2 minutes

We search 80+ lenders

Soft credit check only. No impact on your score. We compare rates, fees, and terms across the panel.

Same business day

Review your shortlist

2–4 lender options with full rate, fee and term breakdowns. You pick what suits.

Your call

Lender formally approves

We handle the documents and submit. Timing depends on facility — unsecured is fastest.

Hours to weeks, by facility

Funds settle

Directly to your business, or in stages for construction and development finance.

Per facility timeline

Start your business loan application — 2 minutes, no credit impact

Business Loan FAQs

Business loan FAQs — straight answers

Twelve of the questions business owners ask us most often. Every answer reflects current Australian lender policy as at July 2026.

Yes, a bank decline is often the start of the conversation, not the end of it. Banks apply rigid policy criteria that rule out many otherwise viable businesses: limited trading history, industry type, or a security shortfall. Finwave's panel includes 80+ non-bank and private lenders who assess trading performance, cash flow and available security individually rather than by blanket policy. Over the past 12 months, 70% of business loan applicants who came to us after a bank decline were settled with an alternative lender. We'll tell you honestly upfront if your situation is genuinely difficult to fund, but a single bank's no rarely means the whole market says no.

No. Unsecured business loans are available from 7.49% p.a. up to 50%+ p.a. depending on your risk profile, trading history and the facility term, with no property security required — the trade-off is a higher rate than a secured facility. If you do have a business or personal asset to offer as security (property, vehicle, equipment), secured business loans run from 7.99% to 20.95% p.a., materially lower than unsecured. Which makes sense depends on whether the rate saving is worth putting an asset on the line — we'll model both for you before you decide.

A business loan is a lump sum advanced upfront, repaid on a fixed schedule over an agreed term — suited to a specific, one-off funding need like a vehicle, renovation or expansion. A business line of credit gives you an approved limit you draw down as needed and only pay interest on what you've used, similar to a business overdraft, suited to ongoing or unpredictable cash flow needs like seasonal stock or payroll timing. Lines of credit are available secured or unsecured. Most businesses use a term loan for a defined purchase and a line of credit to smooth cash flow around it.

It depends entirely on the facility. Unsecured business loans can be assessed and funded same-day in straightforward cases with bank statements and basic trading history. Secured business loans typically take a few business days once security is confirmed. Private lender mortgages can settle in days rather than weeks when a bank's timeline won't work. Property development and construction finance, and larger secured facilities requiring valuations, generally take longer — weeks rather than days. We'll give you a realistic timeframe for your specific facility upfront, not a blended "fast approval" promise that only applies to the simplest cases.

Often, yes. Specialist and private lenders on Finwave's panel assess the business's current trading performance and cash flow, not just historical credit — particularly for secured facilities, private mortgages, or invoice and debtor finance, where the security or the debtor book carries the risk rather than your personal credit score alone. Past defaults, judgments, or a director bankruptcy don't automatically rule you out. Rates will be higher than for a clean credit file, and we'll be upfront about that before you apply, but 70% of bank-declined applicants we've worked with over the past 12 months settled with an alternative lender.

Invoice and debtor finance advances you cash against unpaid invoices instead of waiting the standard 30–90 days for customers to pay. A lender advances a percentage of the invoice value upfront, then collects the remainder (less fees) once your customer pays. Pricing is usually quoted as a daily rate rather than a flat annual rate — on Finwave's panel, facilities range from around 0.05% per day up to the equivalent of 45% p.a., depending on your debtor book quality and industry. It's particularly useful for businesses with long customer payment terms and genuine trading activity, since approval is based on your debtor book, not just your own credit file.

Working capital finance covers the day-to-day funding gap between money going out — payroll, stock, rent, supplier payments — and money coming in from customers. It's not for buying a specific asset; it's for keeping the business running smoothly through that timing gap. It's typically needed around seasonal peaks, rapid growth where stock and payroll outpace cash collection, or a temporary dip in trading. Structures range from a short-term unsecured facility to a business line of credit you draw down as needed. Because it's assessed on cash flow and trading pattern rather than a specific asset purchase, lenders focus heavily on your bank statement history and revenue consistency. Looking for a private lender mortgage instead? See our dedicated private lender business mortgages page.

It's harder than for an established business, but not impossible. Most mainstream lenders want at least 6–12 months of trading history and consistent revenue. For genuinely new businesses, options usually sit in secured lending (against a property or asset, independent of the business's own trading history) or private lender finance, where the security and the director's personal position carry more weight than the business's track record. We'll be direct with you if a startup's only realistic path is a secured or director-guaranteed structure, that's common, and not a red flag, but it's worth knowing upfront rather than after a string of unsecured declines.

An unsecured business loan doesn't require a specific asset as collateral — approval is based on trading history and cash flow, and rates run from 7.49% p.a. up to 50%+ p.a. depending on risk. A secured business loan is backed by a business or personal asset such as a vehicle, equipment or property, and typically prices from 7.99% to 20.95% p.a. — meaningfully lower, because the lender has recourse to the asset if you default. The right choice depends on whether you have suitable security, how much rate saving that security is worth to you, and how comfortable you are putting an asset at risk against the facility.

No, not at the quote stage. We use a soft credit assessment to shortlist lenders and indicative pricing, this doesn't appear as a hard enquiry on your credit file and doesn't affect your score. A formal credit enquiry is only lodged with the single lender you choose to proceed with, once you're ready to apply. Going direct to multiple lenders yourself typically creates a separate hard enquiry with each one, and multiple enquiries in a short period can lower your score and signal financial stress to future lenders — one of the practical reasons to compare through a broker rather than applying around individually.

Yes, property development finance and construction finance are two of the facility types on Finwave's panel, distinct from general business loans. Property development finance covers land acquisition through to project completion, typically released in stages against project milestones. Construction finance similarly releases funds as staged drawdowns against build progress, rather than as a single lump sum. Both are specialist facilities with lender assessment focused on the project itself — feasibility, security, and the experience of the developer or builder — rather than purely on general business trading history. Rates and terms are quoted per project; tell us the scope and we'll shortlist suitable lenders.

Finwave is paid a commission by the lender once your business loan settles, not by you directly. The commission is fully disclosed in writing in our Credit Guide before you proceed, as required under our Australian Credit License (ACL 561258). Commission does not inflate your rate — we access wholesale lender pricing, so clients typically secure terms equal to or better than approaching the same lender directly. There are no upfront fees to use Finwave, and no charge if you decide not to proceed with any offer we source for you.

Credentials & Reviews

Why Australian businesses trust Finwave

• ACL 561258 (ASIC-issued)

• FBAA accredited brokers

• 10+ years experience

• 80+ lenders on panel

• 5.0 from 130+ Google reviews

• 217 Flinders St, Adelaide

Excellent service and fast loan, took not even 2 days. Cheers Michael, Will definitely be using you again for future loans for my business

Ricky S.

Glen went above and beyond for me and I was extremely happy with his expert knowledge and his proactive communication. Made a tricky situation stress free. Thanks again

Lachlan M.

If you're searching for quality people and service - look no further! Joe & Michael are the best there is. Genuine people who are beyond capable at what they do. Couldn't recommend more!

Hannah B.

Read all 130+ Google reviews — rated 5 stars

Michael Russell — Managing Director & Senior Finance Broker

Australian Credit Licence (ACL) 561258 · FBAA Accredited · 10+ years in Australian lending and credit

Michael leads Finwave’s broker team from Adelaide, with over a decade of experience arranging finance for Australian businesses — from unsecured working capital and secured term loans through to private lender mortgages, invoice finance, and property development and construction funding. He has structured business finance for sole traders through to established companies across SA, QLD, NSW, VIC, WA and TAS.

Accountants & Referral Partners

Accountant, bookkeeper, or business adviser?

If you advise business owners on finance decisions — partner with an independent broker who will match your client to the right facility and lender, fast, including the private mortgage and invoice finance options most referral networks don't cover. Transparent commissions, no policy bias, and a 5.0-star track record we'll happily put in front of your client.

Become a Finwave referral partner

About Finwave Financial Services

Finwave Financial Services Pty Ltd is a licensed, independent Australian credit broker operating under Australian Credit Licence (ACL) 561258, issued by ASIC. Based at 217 Flinders Street, Adelaide SA 5000, we help individuals, retirees and businesses across Australia access competitive finance through a panel of 80+ banks and non-bank lenders — including specialists that fund the unsecured, invoice finance, and impaired-credit applications major banks decline.

As an independent broker, we are not aligned to any single bank or lender, and we are remunerated by the lender only on successful settlement. Our commission is fully disclosed in your Credit Guide before you proceed, and never inflates your interest rate.

All credit assessments are subject to individual lender approval criteria. Finwave does not guarantee loan approval or any specific interest rate. Information on this page is general in nature and does not constitute financial product advice. Consult a qualified accountant or financial adviser before entering into any credit arrangement.

BUSINESS Finance · Australia-Wide

Business loans Australia — 80+ lenders across unsecured, secured & private finance, no credit score impact at quote

Reviewed by Michael Russell, Managing Director & Senior Finance Broker ACL 561258 · FBAA Accredited · Last updated August 2026.

• 80+ Australian lenders

• 70% of bank-declined applicants settled*

• 8 business finance facility types

• Zero credit impact at quote

• FBAA accredited · ACL 561258

*Of business loan applicants who came to Finwave after a bank decline in the past 12 months.

Business Finance Facilities

What type of business finance do you need?

Unsecured business loans

Short & long term, no property security required. Fastest approval path — some facilities same-day.

Secured business loans

Short & long term, lower rate against a business or personal asset — vehicle, equipment or property.

Business lines of credit

Secured & unsecured. Draw funds as needed and only pay interest on what you use.

Property development finance

Land acquisition through to project completion, released in stages against milestones.

Construction finance

Staged drawdowns against build progress, rather than a single lump sum.

Working capital loans

Smoothing cash flow — payroll, stock, or seasonal gaps between outgoings and income.

Bad credit business loans & funding

For directors or businesses with defaults, judgments, or a poor file mainstream lenders decline by policy.

Invoice & debtor finance

Unlock cash tied up in unpaid invoices instead of waiting 30–90 days on customer terms.

Facility

Rate Range*

Security

Best For

Unsecured business loan

From 7.49% p.a. (up to 50%+ p.a. for higher-risk/short-term facilities)

None

Fast funding, no assets to offer

Secured business loan

7.99% – 20.95% p.a.

Business or personal asset (vehicle, equipment, etc.)

Lower rate, have security to offer

Invoice & debtor finance

From 0.05% per day (up to ~45% p.a. equivalent)

Unpaid invoices / debtor book

Cash tied up in customer payment terms

Why do Business loan rates vary so much?

Secured and unsecured - which one should I choose?

Bad Credit Options

Bad credit business loans — real options after a bank decline

Why Finwave

Why use a business finance broker instead of going straight to your bank?

Access to non-bank & private lenders

Your relationship bank has no incentive to mention the non-bank and private lenders who might actually offer you a better outcome. We compare all of them in one process.

One soft credit check, not five

Applying direct to multiple lenders creates multiple hard credit enquiries. Each one can lower your score and signal financial stress to other lenders. We use a single soft pre-assessment.

We negotiate rate and fees

Not just the headline rate — establishment fees, ongoing fees, early payout terms. We argue the case on your behalf through the wholesale broker channel.

We know which lender funds which facility

Bank policy on unsecured lending, property development, invoice finance and 2nd mortgages varies enormously between lenders. We've mapped the matrix so you don't waste applications.

Bank declined you? That's our specialty

Specialist lenders assess individually rather than by blanket policy — past defaults, limited trading history, or an unconventional security all get a genuine look.

Paid by the lender, not by you

Finwave is remunerated by the lender at settlement, fully disclosed in your Credit Guide before you proceed. ACL 561258. No upfront fees, no charge if you don't proceed.

"If you're searching for quality people and service - look no further! Joe & Michael are the best there is. Genuine people who are beyond capable at what they do. Couldn't recommend more!"

— Hannah B

How It Works

How Finwave's business loan process works

QUICK ANSWER · Tell us what you're funding and your business situation. We search 80+ lenders the same business day. You review a shortlist with rates and terms. Approval timing depends on facility — unsecured loans can be same-day, secured and property finance take longer.

Tell us about your business

Online form or one phone call. Facility type, business situation, and any security you can offer.

2 minutes

We search 80+ lenders

Soft credit check only. No impact on your score. We compare rates, fees, and terms across the panel.

Same business day

Review your shortlist

2–4 lender options with full rate, fee and term breakdowns. You pick what suits.

Your call

Lender formally approves

We handle the documents and submit. Timing depends on facility — unsecured is fastest.

Hours to weeks, by facility

Funds settle

Directly to your business, or in stages for construction and development finance.

Reviewed by Michael Russell, Managing Director & Senior Finance Broker
ACL 561258 · FBAA Accredited · Last updated August 2026.