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Rates updated 16 August 2026
Loan purpose
Loan amount
| Product | Interest rates from (p.a.) | Loan amounts | Loan terms | Compare |
|---|---|---|---|---|
 BOQ Business Loan | 7.50% | Up to $250k | Quoted on application | |
 Liberty Business Loan | 7.95% - 17.45% | Up to $350k | 1 - 7 years | |
 Moneytech Business Loan | 7.99% - 9.56% | $25k - $2m | Quoted on application | |
 Dynamoney Business Loan | 8.10% - 19.40% | $2k - $1m | 6 months - 7 years | |
 Group And General Business Loan | 8.29% - 8.89% | $10k - $350k | 1 - 5 years | |
 Multipli Business Loan | 8.49% | $30k - $1m | Quoted on application | |
 TruePillars Business Loan | 9.90% - 20.90% | $25k - $300k | 1 - 7 years | |
 Finance One Business Loan | 11.45% - 23.45% | $5k - $250k | Up to 7 years | |
 Drive Finance Solution Business Loan | 12.54% - 14.80% | Up to $300k | 1 - 5 years | |
 Azora Finance Business Loan | 12.95% - 14.95% | $1k - $250k | Quoted on application | |
 MorrisFinance Business Loan | 14.99% - 18.99% | $5k - $200k | 1 - 5 years | |
 Lumi Business Loan | 15.50% - 44.50% | $5k - $750k | Up to 5 years | |
 Capify Australia Business Loan | 21.13% - 77.13% | $2k - $1m | 1 month - 2 years | |
 ANZ Business Loan | Quoted on application | Up to $1m | 3 - 7 years | |
 APositive Business Loan | Quoted on application | $10k - $20m | Quoted on application | |
 Banjo Loans Business Loan | Quoted on application | $20k - $2m | 2 months - 5 years | |
 Bizcap Business Loan | Quoted on application | $5k - $4m | 4 months - 1 year | |
 Branded Financial Services Business Loan | Quoted on application | $5k - $250k | 1 - 7 years | |
 Earlypay Business Loan | Quoted on application | $50k - $10m | Up to 5 years | |
 FlexFleet Business Loan | Quoted on application | $10k - $500k | 3 - 5 years |
A short-term business loan is a type of unsecured business finance with a term of between one month and three years. They are usually used by businesses to cover sudden expenses or to capitalise on a limited-time growth opportunity. They are also popular with seasonal businesses in Australia.
With a standard business loan, one year is typically the shortest term available. But with short-term finance, lenders are specifically targeting businesses looking for a truncated repayment schedule.
A short-term business loan provides access to funds for any genuine commercial purpose. Lenders will assess your business revenue to determine whether it can comfortably repay the loan amount. The business will agree to repay the loan amount plus interest over an agreed term.
The table below shows the business loans on our database with the shortest available finance terms.
Bizcap | |
Minimum loan term | 3 months |
Loan amounts | $5,000 - $5 million |
Lumi | |
Minimum loan term | 3 months |
Loan amounts | $10,000 - $300,000 |
Prospa | |
Minimum loan term | 3 months |
Loan amounts | $5,000 - $150,000 |
Banjo | |
Minimum loan term | 6 months |
Loan amounts | $20,000 - $2 million |
Business Fuel | |
Minimum loan term | 6 months |
Loan amounts | $10,000 - $500,000 |
OnDeck | |
Minimum loan term | 6 months |
Loan amounts | $10,000 - $250,000 |
Scotpac | |
Minimum loan term | 6 months |
Loan amounts | $10,000 - $500,000 |
Dynamoney | |
Minimum loan term | 12 months |
Loan amounts | $5,000 - $500,000 |
Moula | |
Minimum loan term | 12 months |
Loan amounts | $10,000 - $250,000 |
| Minimum loan term | Loan amounts | |
|---|---|---|
Bizcap | 3 months | $5,000 - $5 million |
Lumi | 3 months | $10,000 - $300,000 |
Prospa | 3 months | $5,000 - $150,000 |
Banjo | 6 months | $20,000 - $2 million |
Business Fuel | 6 months | $10,000 - $500,000 |
OnDeck | 6 months | $10,000 - $250,000 |
Scotpac | 6 months | $10,000 - $500,000 |
Dynamoney | 12 months | $5,000 - $500,000 |
Moula | 12 months | $10,000 - $250,000 |
Short-term business loans are used in Australia by businesses that require fast access to finance and can demonstrate an ability to comfortably repay the loan amount over a short period of time.
There are two types of short-term business loans...
A secured short-term business loan uses an asset (also known as ‘collateral’), such as residential property, as a guarantee on the loan. Secured finance usually means you get a lower interest rate and can borrow a higher amount. However, the application process may take longer.
An unsecured short-term business loan does not require any security. With unsecured business finance it's usually possible to get the loan approved faster, but higher interest rates and fees may apply. It may be difficult for newly-established businesses to be approved for unsecured short-term finance.
Short-term finance is generally used to cover immediate operating costs where there is a temporary cashflow gap, particularly for seasonal businesses. That could include ordering stock, paying suppliers or contractors.
If your business all of a sudden has a large, one-off cost to absorb, a short-term loan could provide the up-front capital to pay the bill. A short repayment term means the cost does not turn into a long-term liability.
If your business does not qualify for a standard business loan term, some lenders may be willing to lend to you on a shorter contract. This is less risky for lenders, assuming you can service the repayments.
Short term business finance can also allow businesses to capitalise on growth opportunities even if they don’t have the cash reserves to fund it otherwise.
Jane Lim, Commercial Finance Broker
"Short-term cash flow shortages are par for the course for small businesses, and a family-run appliance repair business came to us recently in this exact situation. They needed short-term funding to plug a gap caused by delayed customer payments.
Having just secured a lucrative new contract, the client was in a strong servicing position which allowed us to proceed with a low doc application to save on time. The interim finance solution was approved and funded in time to cover the upcoming payroll run and a crucial insurance bill."
Jane Lim, Commercial Finance Broker
Around 1 in 5 business loan requests in 2025 are from businesses looking for immediate access to day-to-day capital to plug a cashflow gap, Money.com.au data shows.
Deciding between short and long-term business finance comes down to what you need the funds for. Short-term finance can be ideal for an expense which the business can recoup quickly or otherwise repay in a short amount of time, like purchasing stock. Longer-term finance is better if you want to maintain cashflow by spreading the cost over a longer period, such as an asset purchase.
But there are some other significant differences to factor into the decision too. If you're not sure whether a short-term loan or a long-term loan is best for your business, here are some of the main features of each.
Loan amount | |
Short term business loan | $100,000 |
Standard business loan | $100,000 |
Interest rate | |
Short term business loan | 16% |
Standard business loan | 12% |
Loan term | |
Short term business loan | 1 year |
Standard business loan | 3 years |
Weekly repayment | |
Short term business loan | $2,084 |
Standard business loan | $764 |
Total interest cost | |
Short term business loan | $8,367 |
Standard business loan | $19,192 |
| Short term business loan | Standard business loan | |
|---|---|---|
Loan amount | $100,000 | $100,000 |
Interest rate | 16% | 12% |
Loan term | 1 year | 3 years |
Weekly repayment | $2,084 | $764 |
Total interest cost | $8,367 | $19,192 |
Phil Collard, Money.com.au Business Finance Broker
"What’s important is finding a product, a finance structure and term length to suit your business. All borrowers should ask themselves, what is my business comfortable paying per week, per fortnight, per month in terms of repayments? That then dictates most other decisions about your finance. There's no point in you doing a longer loan term to get lower regular payments than you can afford if you plan on paying it out in the first third of the loan period. It's just going to hurt you on the back end with extra interest or break costs."
Phil Collard, Money.com.au Business Finance Broker
Qualifying for a short-term business loan can be relatively simple. If your business bank statements illustrate an ability to comfortably repay your desired loan amount within the agreed loan term, you will qualify for approval, assuming you meet the basic eligibility requirements:
Low doc business lenders often approve customers with the bare minimum of documentation and no credit check. Speak to a Money.com.au business finance broker to discuss your application options.
For smaller loans, the approval process will be fairly simple and you may even be approved on the same day. You can generally apply online with a number of different specialist business loan lenders, including those who provide short-term business loans designed specifically for SMEs.
You'll need to provide:
Proof of identity An ABN and GST registration Business bank account statements Trust Deed if the business is held in a trust
For larger amounts, your lender will require all the documentation provided if borrowing less than $150,000 plus additional information to assess your application. You'll typically need to speak directly with a broker or lender, as opposed to being able to apply completely online.
You'll need to provide financial records provided by your accountant… Profit and loss statements Balance sheet
Phil Collard, Money.com.au Business Finance Broker
"Lenders generally place a lot of weight on the applicant’s bank statement conduct. If you are running low balances consistently, dishonouring regularly, or are overdrawn in your business bank account regularly, that could be an issue. The number one thing we say to customers who may in the future go down the path of getting a business loan is make sure at least the last six months' worth of banking conduct are as squeaky clean as you can get them. No dishonours, little overdrawn days to none. Make sure you've got a healthy amount of running balances on your bank statements."
Phil Collard, Money.com.au Business Finance Broker
BUSINESS FINANCE
Find out what the requirements are for business lenders when assessing applications and what it will take to get your business loan application approved.
Read more""Phil Collard made financing my chattel mortgage effortless — knowledgeable, responsive, and genuinely helpful throughout. Highly recommend his expertise for anyone needing finance guidance!""
"Jane Lim was absolutely amazing to work with. I reached out to her last week, told her what we were looking for, she found us a great deal, and settlement happened within 7 days of first dealing with her. Super smooth process throughout, and faster than other brokers. Jane is the best business broker I've worked with. Thanks Jane & money.com.au. Highly recommend."
"Phil from money is experienced and helpful. He assisted me navigate making application for unsecured business loan promptly and without fuss. So 5 stars from me. "
"Jane is a very professional broker I have ever known. She did an excellent job and helped me a lot. Compare many jobs by other brokers done, I highly recommend Jane!"
"Fi Ahlstrom did in 48 hours what most brokers take weeks to do... I recently arranged business funding through Money.com.au and worked with Fi Ahlstrom, and I could not recommend her more highly. Fi knew her products inside out across multiple lenders and quickly picked the right one for my situation rather than pushing a one size fits all option. She was incredibly efficient, and I had funds drawn down within 48 hours of my initial enquiry, which is remarkable. She explained everything clearly, answered every question without any jargon and made what could have been a stressful process feel completely straightforward. Her communication was excellent throughout and I always knew exactly where things stood. If you need business finance, ask for Fi. Genuinely first class service and I will absolutely be back for any future funding needs."
"Very prompt service and helpful all the way through "
"Phil was amazing to deal with, knowledgeable, professional whilst also caring / listening to any questions. Really happy with the process. I would highly recommend him. "
"Jane was great. Communication was 1st class and finiance with quick. From what I know I received the best option for finance for my circumstances."
"The representative who assisted me whose name was Joseph was an absolute professional and pleasure to deal with. Will be recommending to future colleagues"
"I am really happy with the service I received from Fi, she kept in contact advised what was needed and made it all really easy. No fuss, no stress. Would definitely contact them again if I require more finance."
"Extremely informative and professional team. I was dealing with Fi, she was very helpful and straight to the point which is what all business owners look for when applying for financial services. The entire process was streamlined and I had received the needful within only 2 weeks. Highly recommended to anyone! "
"Fi was amazing, making everything really easy and simple. "
"Great service, and fast. The funds went into my account within 24hrs! Thanks Phil."
"Phil is fantastic, he was quick, professional and responsive at every step. His experience is evident and frankly the best iv'e dealt with. I'd recommend Money.com.au and Phil to anyone looking for finance."
"Jane Lim was great in helping me find finance. The process was quick and easy. Jane was informative and kept me in the loop through the whole process. From application to approval, and funds in my bank, was only a matter of days."
"When everyone else said it was too hard, Phil said give me the details and let's get this done. Best believe, it was done within 24 hours. I am am so thankful he got the loan I wanted for my business asset which will help us elevate and grow. We can't thank you enough Phil. "
"So helpful! Saved me a bunch of time and money. Thankyou for your assistance and efficiency."
"Fi was positive, prompt, clear and explained the process in a way I could understand when I went to her needing a business loan. She made the entire process simple and navigated things in a way I couldn't. I would use her services again in a heartbeat. Thank you Fi!"
"I worked with Fi Ahlstrom, and she was phenomenal in assisting us with securing a $50k loan for our small business at a competitive interest rate. Her support, professionalism, and clear communication made the entire process smooth and efficient."
"I worked with Jane Lim at Money.com.au and I can honestly say that she went over and above for our company and for me personally. We had a very challenging process to refinance a loan and this created a lot of stress. Jane sought out an appropriate lender and was always upfront with us around what we could get and what was required. She was highly responsive and always came back to us straight away. I would recommend contacting Jane should you need any assistance in this area and would very happily speak to her performance should anybody contact me directly."
If your business needs a short-term injection of capital, there are a few alternatives to getting a term loan:
For ongoing access to working capital, a business line of credit or business overdraft are popular options. These provide ongoing access to credit meaning you can draw down funds as needed and repay them when you have the funds available. You can draw down funds as often as your businesses needs, up to your credit limit.
If you operate a business in Australia, have an ABN and are registered for GST, you can likely qualify for a short-term business loan if you are able to provide bank statements and meet minimum operating criteria set by each lender.
The number one reason short-term business loan applications are declined is because your business financials do not illustrate an ability to service the loan amount.
You can strengthen your application by providing a lender with a business plan — a detailed plan showing how you plan to use the funds and meet your repayments.
Other common issues with applications include:
If you are borrowing less than $100,000, you can generally apply with a lender online and get approved on the same day by only submitting your business bank statements and identification.
Technically, you can use short-term finance for any legitimate business purpose. However, there are a number of different business loans in Australia and each of them has its own benefits and best-use scenarios. Consider comparing all your options before applying.
You can generally borrow between $5,000 and $5 million with a short-term business loan. However, this amount will vary between lenders and will depend on the strength of your application and business turnover.
It may be possible to pay out a short-term business loan early but exit or break fees generally apply. These compensate the lender for interest they will not earn over the remaining term of the loan. Break fees can be significant so it’s important to choose your loan term carefully, or find a lender who will let you pay out the loan early without penalty.
The information on this page is general in nature and has been prepared without considering your objectives, financial situation or needs. You should consider whether the information provided and the nature of any loan product is suitable for you and seek independent financial advice if necessary.
We are not providing you with a recommendation or suggestion about a particular product. You should read the relevant disclosure information from the lender before deciding whether to apply for or continue to use a particular product.
For offers from Money.com.au lending partners, we will match you with lenders and rates based on the information you provide us. This won't affect your credit score. We do not compare all business loan providers in the market and can't guarantee rates from a specific lender.
If you get a business loan from one of our lending partners as a result of visiting this page, we may earn a commission.
The products displayed in our business loan comparison tables are those available from Money.com.au’s lending partners that match the loan criteria selected at the top of the table. The comparison does not cover all lenders available in the market, nor does it cover all products available from those providers shown. The comparison does not include all product features, costs and eligibility criteria that may be relevant to you.
Product information, such as interest rates, fees and charges, is subject to change without notice. Please check current product details with one of our business lending specialists or directly with the lender before proceeding.
Users can easily change the sort order and apply product filters to our product comparison tables based on what they need. However, when you first arrive on a page, a default loan amount and purpose is selected and business loans are automatically sorted by:
The order of the products in our business loan comparison tables is not influenced by any commercial arrangements.
If you get a business loan as a result of visiting this page and/or dealing with a Money.com.au business lending specialist, we may earn a commission from the lender. Read more about how we make money.
Money.com.au has strict rules and policies in place that ensure we can provide accurate and reliable information to consumers and businesses about financial products, without it being influenced by our commercial arrangements.
